April 16, 2021
  • April 16, 2021

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MTN may list its mobile money subsidiary values at $5 bln

by on April 12, 2021 0
MTN Group Ltd has valued its mobile-money arm at about $5 billion and will consider a listing of the division, joining African wireless carriers trying to monetize a service that is particularly popular on the continent. The move comes after Mastercard Inc. and TPG Holdings LP invested $300 million in Airtel Africa Plc’s mobile-money business at a $2.65... Read More

Access Bank chief says banks are not indebted to telecoms firms

by on April 9, 2021 0
Nigerian banks are not indebted to MTN Nigeria and other telecom companies for using telecommunication platforms to provide payment services, a bank chief executive said. “There is no such thing as an obligation due from banks to telcos,” Herbert Wigwe, chief executive officer of Access Bank Plc, said on an investor call in Lagos. “We... Read More

MTN, Banks USSD Imbroglio: Signs of Things to Come

by on April 7, 2021 0
By Elvis Eromosele Nigerians woke up on Friday, April 2, 2021, to discover they couldn’t recharge their MTN lines from their banks. It wasn’t another April fool’s prank. It was a real move by Nigerian banks to punish MTN for having the audacity to suggest reducing the margins on the commission for selling MTN... Read More

MTN to partake in lucrative S/Africa $335 mln telecoms contract

by on March 30, 2021 0
South Africa opened up a telecommunications contract to supply 1.2 million government employees, allowing arch-rivals MTN Group Ltd. and Vodacom Group Ltd. to share in the state business. MTN was added to the agreement previously awarded exclusively to Vodacom in 2016, according to a statement on Tuesday. READ THIS ALSO: Top Nigeria security officials, others stash away $400... Read More