Financial

Airtel Africa Reaps from Tariff Adjustment in Nigeria as Revenue Grew by 21.1% Hitting $4,955m

Airtel 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 […]

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Business

ATCON’s New EXCO Mulls Fresh Strategy to Tackle Fibre Optic Cable Cut, Goes Tough on Code of Practice

The Association of Telecommunications Companies of Nigeria (ATCON), an umbrella body of telecommunications companies operating now has a new National Executive Council(NEC) that was elected yesterday at its 2025 Annual General Meeting (AGM) to pilot the affairs of the over two decades old organisation for another two years. But the new ATCON NEC has vowed […]

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Business

Cyber Criminals on Rampage in SA Causing Havoc to Critical Telecoms Infrastructure

Cyber criminals are increasingly targeting the rapidly-evolving South African mobile network operators. MTN and Cell C recently fell victim to cyber attacks. Last month, MTN Group alerted stakeholders that it encountered a cyber security incident that resulted in unauthorised access to some customers’ personal information in specific markets. Also last month, notorious hacking group RansomHouse disclosed private data […]

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Business

Mobile Network Operators’ Enterprise Revenue to Reach $348bn by 2029

Telecoms operators’ global enterprise revenue will grow 37% over the next five years; reaching $348bn by 2029. This growth is being driven by operators monetising non-core network services and technologies to better service enterprise customers. According to Juniper Research report, to capitalise on this growth, operators must leverage the modularity of next-generation networks to create […]

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Business

Airtel Africa Signs Partnership with Deal SpaceX to Satellite Connectivity for Customers

In a surprise twist, Airtel Africa is going into an agreement with SpaceX to bring Starlink’s high-speed internet services to its customers in Africa. Currently, SpaceX has acquired requisite licenses in 9 out of 14 countries within Airtel Africa’s footprint. Operating licenses for the other 5 countries are under process. In statement, the company noted […]

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Telecoms

MTN Nigeria Sustainability Report Beats Mandatory Compliance Deadline with Female Workforce Now 41.4%

MTN Nigeria Communications Plc, Nigeria’s leading telecommunications provider, announces the release of its 2024 Sustainability Report. Now in its sixth consecutive year, the Report underscores MTN Nigeria’s continued commitment to sustainability, transparency, and shared value creation through strategic ESG integration and responsible business practices. Notably, this 2024 edition, our second consecutive sustainability report as early […]

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Business

Quitting Nigeria Does Not Absolve Meta of Liability, Says Consumer Council

WhatsApp’s claim that it may be forced to exit Nigeria due to FCCPC’s recent order appears to be a calculated move aimed at inducing negative public reaction and potentially pressuring the FCCPC to reconsider its decision. According to the statement from the FCCPA, it investigated Meta Platforms and WhatsApp (jointly referred to as “Meta Parties”) […]

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Business

AGM: We Are Inspired By Resilience, Navigate Our challenges, MTN Nigeria Tells Shareholders

MTN Nigeria Communications Plc held its 2025 Annual General Meeting (AGM) in Lagos, Southwest Nigeria, where shareholders reviewed the company’s full-year financial performance and endorsed its strategic priorities for the future. The AGM came on the heels of a strong first quarter in 2025, during which MTN Nigeria invested a record ₦202.4 billion in capital […]

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News

MTN Group Pays Over $2bn in Taxes, Says Group CFO

MTN Group, Africa’s largest telecoms company, paid more than $2 billion  in taxes last year across its 16 markets on two continents. This total included corporate taxes, indirect taxes, withholding taxes, payroll taxes, operating license fees, and other payments to government agencies. MTN Group, which serves 290.9 million subscribers, yesterday released a set of its […]

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Financial

JUST IN: MTN Nigeria Returns to Profitability Earns N1trl Plus Free Cash Flow of N209.9bn

MTN 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 […]

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