Tag: MTN Nigeria
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MTN Nigeria denies CBN claims on illegal repatriation of $8.1b
MTN Nigeria on Thursday refuted the claims by the Central Bank of Nigeria that it illegally, in collusion with four Nigerian banks repatriated $8.1billion from its Nigerian operations to offshore investors. The CBN said the remittances between 2007 and 2015, in tranches of of 2.63 billion dollars, 1.766 billion dollars and 348 million dollars were…
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MTN Nigeria to list by year-end
MTN expects the listing of its Nigerian unit on the Lagos stock exchange to be done by the end of 2018, its CEO has said, after suggesting in November that the process would be concluded by mid-year. “We are progressing very well with the Nigerian listing and if market conditions are appropriate, we will conclude…
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MTN Nigeria to go ahead with IPO this year
Subject to market conditions, South Africa’s telecoms firm, MTN Group will go ahead with its Initial Public Offering (IPO) listing its Nigerian subsidiary, MTN Nigeria in the Nigerian Stock Exchange (NSE) this year. Bloomberg had previously reported the Executive Chairman of MTN Group, Phuthuma Nhleko, as saying the company may delay the planned listing until…
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MTN pulls out of Who Wants to be a Millionaire TV show
For the first time since its inception 13 years ago, organizers of Who Wants to Be a Millionaire have announced the TV show will be going off air indefinitely from 25th June. The suspension is coming after telecoms giant MTN Nigeria put paid to sponsorship of the show. The announcement was first made public on…