MTN Nigeria news
MTN Nigeria Bleeds $54-Million to Shady Bank Transfers
Sourced from TheTechieGuy (https://thetechieguy.com/) Nigeria’s largest telecom firm, MTN Nigeria and MTN’s leading subsidiary in terms of sheer number of subscribers, has taken 18 banks in Nigeria to court over an alleged series of unauthorised transfers to the tune of $53.7-million. The shady transfers were from an account reportedly owned by its mobile payment service bank (PSB) MoMo, which was only recently licensed in the West African country. According to several Nigerian publications covering the story, MTN Nigeria alleges that the 18 banks, which are partners of the telecom, have wrongly transferred billions of Naira to 8000 accounts maintained by customers of the banks. MTN through MoMo is currently seeking a court declaration that states that the fund deposits belong to MoMo and ...
Just How Many Shares is MTN Nigeria Preparing to Sell in Upcoming Offer
Sourced from TheTechieGuy (https://thetechieguy.com/) The MTN Group, representing the largest telecom company in Africa, has announced that it is preparing to sell shares in its Nigeria arm worth about $242-million in the continuation of its plan to dispose of assets and pay down debt. MTN Nigeria, which was listed in Lagos in 2019, will offer 575 million shares, according to a statement released on Thursday. The move marks a larger effort to sell about 14% of the MTNs holdings in its Nigerian arm – the “largest and most profitable unit,” according to the company. The news has spiked the price of MTN’s shares listed on the Johannesburg Stock Exchange by 3.6%, the largest rise in over a month. The MTN Group stock has surged 138% this year, making it the best performer on the FTSE/JSE Africa...
4 Fastest Mobile Internet Operators in Nigeria Ranked
Internet and connectivity speed tester Ookla last month released its market analysis for Nigeria, ranking the country’s fastest mobile internet operators. The analysis only takes into account top mobile operators in the country, ones which account for 3% or more of total test samples in the market in Q2 2021 – smaller providers are not tested, and thus are not included in the rankings. All operators are ranked based on their Speed Score, which incorporates a measure of each provider’s download and upload speed to rank network performance (90% of the final Speed Score is attributed to download speed and the remaining 10% to upload speed because online experiences are typically more affected by download speed). Ookla places the most emphasis on the median speeds as those represent what most ...
Airtel Nigeria Awarded “Best in Test” – An Interview with Hakan Ekmen of umlaut
Hakan Ekmen, CEO of Telecommunications for umlaut. Hakan Ekmen, CEO of Telecommunications at umlaut – an international, full-service, cross-industry, end-to-end company that offers advisory and fulfilment services to clients all over the world – chats with ITNA about umlaut’s recently published telecommunications report in Nigeria and the company’s future plans in Africa. Here’s what transpired: umlaut is well known in the Telecommunications industry, but that’s only part of the story. Can you please tell us a little bit more about umlaut? umlaut is a technology-driven and future-oriented company, providing services to numerous sectors and industries, like automotive, energy, aviation, rail and telecommunications. We transfer our expertise and knowledge across the industries. Our own value...
MTN Nigeria Partners with Gameloft to Launch Gameworld
Sourced from TheTechieGuy (https://thetechieguy.com/) MTN Nigeria has partnered with Gameloft to launch MTN Gameworld – a new gaming platform for its subscribers. The platform is expected to offer the Nigerian gaming community access to a variety of fun and exciting games online through an extensive premium catalogue from Gameloft and other renowned publishers. Speaking on the partnership, Chief Digital Officer of MTN Nigeria, Srinivas Rao said, “We are constantly seeking to deliver innovative products that support the aspirations of our customers, whilst delivering superior user experience. This partnership allows us to provide our customers with access to a variety of exhilarating games from Gameloft and other leading publishers at an affordable rate.” MTN Gameworld will provide customer...
