Africa CDC says cannot predict when second COVID-19 shots will arrive
April 16, 2021 Many Africans who have received their first COVID-19 vaccine do not know when they will get a second shot because deliveries are delayed, the continent’s top public…
MTN to invest $1.6bn to upgrade network, thanks Buhari
The MTN Group has said it is making further investment in the Nigerian market and would commit 1.6 billion dollars from its operations in the country to strengthen its network…
MTN Group earns N50.5bn from asset sales, cuts stake in Jumia
MTN Group Ltd has raised 2.1 billion rand ($140.24 million or N50.486 billion) from asset sales as part of a divestment plan announced in March, Africa’s largest mobile network by…
Jumia, Konga plan $1.5b, $3.2b international IPOs
The Nigerian e-Commerce market is set for exciting times ahead as two major players, Jumia and Konga, are reportedly set for eye-catching listing of their shares on the international market….
Experts fear $8.1bn refund order will jeopardise listing of MTN shares on NSE
Experts said the request by the Central Bank of Nigeria (CBN) that the MTN Group should refund 8.1 billion dollars illegally repatriated from Nigeria would jeopardise the listing of its…
Nigeria slams $2bn tax arrears on MTN as shares drop to 12-year low
Nigeria is seeking about $2 billion in back taxes from MTN Group Ltd., another curve ball directed at Africa’s biggest wireless carrier less than a week after it was ordered…
MTN shares plunge 23% after Nigeria orders repatriation of $8.1billion
MTN Group shares plunged as much as 23 per cent to a nine year low on Thursday, a day after Nigeria ordered the telecoms group to repatriate $8.1 billion…
SEC tasks MTN Group on filing of IPO application for NSE listing
The Securities and Exchange Commission (SEC), on Friday tasked MTN Group on official filing of Initial Public Offering (IPO) which gathered media momentum in the last couple of months. Speaking…
MTN’s $237m stuck in Iran aftermath of Trump sanction
MTN Group Ltd. said efforts to repatriate about 200 million euros ($237 million) from its Iranian unit will become tougher after U.S. President Donald Trump reinstated economic sanctions on the…
SEC confirms talks with MTN Group on $500m public offer
April 25, 2018 The Securities and Exchange Commission (SEC) on Wednesday confirmed that MTN Group had finally commenced discussions with the commission on its proposed 500 million dollars Initial Public…