MTN Archives - Voice of Liberty NG

Just In! MTN, others get permits to generate electricity in Nigeria

August 19, 2024August 19, 2024 Aminu Imam

The Nigerian Electricity Regulatory Commission, (NERC), has issued permits to MTN Communications Nigeria Limited, Golden Penny Power Limited, Havenhill Synergy, and others for mini-grid electricity generation. According to the Commission, it issued nine new off-grid generation licences in the first quarter of 2024 with a gross capacity of 109.69 megawatts and three new trading licences. The NERC said that the MTN was granted a permit to build four captive generation plants across Lagos State with 15.94MW capacity. Aside from MTN, SweetCo Foods Limited, African Steel Mills Nigeria Limited, West African…

MTN, Airtel get CBN�s approval-in-principle to operate payment service banks

November 6, 2021November 6, 2021 Aminu Imam

The Central Bank of Nigeria, (CBN), has granted approval in principle to MTN and Airtel to operate payment service bank, (PSB), across the country, aimed at further deepening financial inclusion in the country. The apex bank had since communicated the approval to both telecoms operators. Announcing the approval, MTN in an issued statement yesterday, signed by the Company�s Secretary, Uto Ukpanah, said: �MTN Nigeria Communications Plc (MTN Nigeria) as promoter, received an Approval-in-Principle (AIP) dated 4th November, 2021 from the Central Bank of Nigeria (CBN) for a licence application for…

MTN Group plans to sell 575m shares to Nigerian investors

November 4, 2021November 4, 2021 Aminu Imam

MTN Group, the parent company of Nigeria�s telecom giant, MTN Nigeria, which controls 40% market share, has concluded plans to sell 575 million units of its ordinary shares in MTN Nigeria to investors in the local market. It announced the news this morning, Thursday, November 4, 2021. In a letter to the Nigerian Stock Exchange, MTN Nigeria Communications Plc said the public offer for sale will be by way of a bookbuild to institutional investors and fixed price to retail investors. �The offer is anticipated to open in November 2021…

MTN�s CEO compensates subscribers with free data, airtime after network downtime

October 18, 2021October 18, 2021 Aminu Imam

MTN Nigeria Communications Plc has announced compensation for its subscribers to make up for the network disruptions experienced last Saturday. Recall that on Saturday, October 9, MTN Nigeria users witnessed about 5 hours of network disruption caused by an outage that left customers without a connection. MTN Nigeria Chief Executive Officer, Olutokun Toriola,apologised again to customers for the inconvenience, stating that new measures were being implemented to mitigate a repeat of such an event. Beyond extending time-bound subscriptions for its customers and as a way to further compensate its customers,…

MTN Nigeria compensates subscribers for network downtime

October 17, 2021October 17, 2021 Aminu Imam

MTN Nigeria Communications Plc has announced compensation for its subscribers to make up for the network disruptions experienced last Saturday. Recall that on Saturday, 9th October 2021, MTN Nigeria users witnessed hours of network disruption caused by an outage that left customers without a connection. MTN Nigeria Chief Executive Officer, Olutokun Toriola,apologised again to customers for the inconvenience, stating that new measures were being implemented to mitigate a repeat of such an event. �On behalf of the entire MTN team, I want to start with a heartfelt apology. We are…

MTN secures fresh 10yrs operation licenses

September 9, 2021September 9, 2021 Aminu Imam

�Pays FG N71.6bn The Nigerian Communications Commission, (NCC), has renewed MTN Nigeria�s Unified Access Service, (UAS), licence and spectrum license for wireless local loop in the 900 MHz and 1800 MHz band. According to an issued statement by MTN, the renewal is subject to licensing conditions, including additional amounts, under discussion. With this development, the earlier licences obtained by MTN, which expired on August 31, have now been renewed for another ten years, effective September 1. The company said the Commission also acknowledged receiving N71.6-billion for the spectrum license and…

NIN-SIM Linkage: MTN Nigeria lost 7.6m subscribers in 6 months

August 2, 2021August 2, 2021 Aminu Imam

The largest network by market share, MTN Nigeria, has stated that it lost 7.6 million mobile subscribers in the first half of 2021. This was stated by the telco in its unaudited results for the half-year ended June 30, 2021, posted on the Nigerian Exchange (NGX) over the weekend. This is a 9.9 percent decline from December 2020. Recall that MTN Nigeria had lost 4.84 million in the first quarter of the year as a result of the stifling of growth in Nigeria�s telecoms sector caused by regulatory policies. Recall…

“Reduce data prices for Nigerians”, Buhari tasks MTN

June 19, 2021June 19, 2021 Aminu Imam

President Muhammadu Buhari has urged the MTN Group to make available top-of-the-range service to its Nigerian subscribers and at cheaper rates. The president made the call when he received in audience members of the Board of MTN Group, led by its President and Chief Executive Officer, Ralph Mupita, at the State House, Abuja, yesterday. Buhari, while congratulating the MTN Group President on his appointment said, �Nigeria is your most lucrative market in Africa, Asia and the Middle East as well as the source of a third of the income of…

‘We may not guarantee regular services over rising insecurity in Nigeria’, says MTN

June 16, 2021June 16, 2021 Aminu Imam

The services of mobile network provider MTN in Nigeria could be disrupted as a result of rising insecurity in different parts of the country, the local unit of South Africa�s telecoms group said yesterday. According to a Reuters report, MTN wrote in a message to its customers: �Sadly, we must inform you that with the rising insecurity in different parts of Nigeria, service delivery to your organisation may be impacted in the coming days. �This means that in some cases, our technical support team may not be able to get…

Banks lift blockage of USSD transactions on MTN

April 5, 2021April 5, 2021 Aminu Imam

Commercial banks have reconnected MTN customers earlier denied access to the unstructured supplementary service data (USSD) payment channels. This happened after the Managing Director and Chief Executive officer of MTN Nigeria, Karl Toriola, announced the decision to revert the discount offered to banks on airtime sales to 4.5 percent commission after it was reduced to 2.5 percent by the telco. The mobile network operator (MNO) had reduced banks� commission from an average of 3.5 percent to 2.5 percent, this led to a disagreement between MTN and commercial banks. During the…