Zenith Bank tops trading on NSE with 357.23m shares
Investors on the Nigerian Stock Exchange (NSE) on Tuesday staked N7.83 billion on 694.02 million shares in 2,780 deals. Transactions in the shares of Zenith Bank topped the activity chart…
NSE: Market capitalisation jumps by N49bn; Stanbic IBTC, MTN lead gainers
The market capitalisation of the Nigerian Stock Exchange (NSE) rebounded on Friday with a gain of N49 billion in the last trading day of August. The market capitalisation which opened…
CBN awards MTN licence to provide financial services
A subsidiary of MTN Nigeria has been awarded a licence by Central Bank of Nigeria (CBN) that would allow it to provide financial services, the telecoms firm said on Monday….
Litigation drives MTN shares to lowest level since Nigeria listing
Shares in MTN Nigeria dropped on Thursday to their lowest level since the telecom company listed five weeks ago, after a court case about its $2 billion tax dispute with…
Exclusive: Airtel to list at Stock Exchange, awaits CBN approval
Airtel will soon join MTN Nigeria at the Nigerian Stock Exchange if it gets approval from the Central Bank of Nigeria, CBN, Political Economist can authoritatively report. A top source…
How a whistleblower triggered MTN $8.1 bn probe – FG
The office of Nigeria’s Attorney General said on Tuesday that a whistleblower prompted an investigation into alleged MTN infractions that last week led to a demand for $8.1 billion taken…
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…
Forex Scam: MTN, Citibank, Stanbic IBTC, Standard Chartered, Diamond to refund $8.13bn
The Central Bank of Nigeria (CBN)  has imposed heavy sanctions totaling N5.87 billion on four banks and asked same to refund the sum of $8,134,312,397.63 for ‘flagrant violation of extant…
We will not stop picketing MTN offices until…, vows NLC
The Nigeria Labour Congress (NLC) said it would continue to picket MTN offices nationwide until the telecom giant begins to respect the rights of workers under its employ. On Tuesday…