MTN Nigeria has announced a massive capital expenditure (CAPEX) drive for 2025, nearly doubling its investment to almost 900 billion Naira, as it seeks to significantly enhance network service quality in major cities like Lagos and Abuja and extend improvements to other areas. This financial commitment, up from a combined total of approximately 440 billion […]
Read MoreMTN Nigeria is on a clear path to resuming dividend payments to its shareholders, driven by the successful implementation of its comprehensive five-point strategic recovery plan. The company will not only eliminate its negative shareholder funds but also build up sufficient distributable reserves within the current year, paving the way for future dividends. The Chief […]
Read MoreAirtel Africa grew her revenues by 21.1 percent to $4,955m grew in constant currency but declined by 0.5% in reported currency as currency devaluation impacted reported revenues, according to results for year ended 31 March 2025. The African brand report revealed that strong execution and the tariff adjustments in Nigeria contributed to a further quarter […]
Read MoreMTN Nigeria Communications Plc has returned to profitability after the mishap in its financial books last year. Latest financail releases of unaudited results for the quarter ended 31 March 2025 by the leading Africa’s telecoms company revealed a whooping service revenue of N1.0 trillion. The financial books made available to TechnologyMirror said that service revenue […]
Read MorePricewaterhouseCoopers said it has shut down its offices in nine Sub-Saharan African countries. It listed Ivory Coast, Gabon, Cameroon, Madagascar, Senegal, the Democratic Republic of Congo, Republic of Congo, Republic of Guinea, and Equatorial Guinea as countries affected. In a statement published on its website, the accounting firm said the move was part of a […]
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MTN Nigeria has given 33 senior executives 1.3 million shares as part of its long-term incentive strategy. The allocation, revealed in regulatory filings with the Nigerian Exchange Limited, took place between March 26 and 28, 2025, as part of the telecom giant’s Performance Share Plan (PSP). The PSP is intended to reward high-performing employees and […]
Read MoreIt was a resounding bells of a successful performance for the Airtel Africa Plc brand as recorded in its nine-month period ended 31 December 2024, which was released today. According to the pan-Africa telecoms operator, it grew its revenues of $3,638m by 20.4% in constant currency but declined by 5.8% in reported currency as currency […]
Read MoreThe Securities and Exchange Commission (SEC) has warned Nigerians against engaging in any investment-related transactions with Risevest (Victoria Island) Cooperative Multipurpose Society Limited and Stecs (Alausa) Multipurpose Cooperative Society, commonly known as Stecs. The SEC in a circular issued in Abuja disclosed that neither entity is registered or authorised to operate in the capital market. […]
Read MoreThe World Bank has imposed a 30-month debarment on two Nigerian companies, Viva Atlantic Limited and Technology House Limited, alongside their Managing Director and Chief Executive Officer, Norman Didam over alleged corrupt practices. The 30-month debarment bars Viva Atlantic Limited, Technology House Limited, and Didam from participating in World Bank Group-financed projects and operations. A […]
Read MoreNigeria is perfecting plans to easy itself out of the grey list of the anti-money laundering, terrorism financing by May 2025 through National Information Technology Development Agency (NITDA), which has gone into collaboration with the Nigeria Financial Intelligence Unit (NFIU) for the development and implementation of Project Exit: Upgrade of NFIU Data Management System and […]
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