Etisalat Nigeria Seeks to Renegotiate $1.2 bln Loans

Etisalat’s Nigerian affiliate is in talks with local banks to renegotiate a $1.2 billion loan it took out four years ago to expand its network in the country after it…

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South Africa-Nigeria Fallout ‘Will Have Dire Consequences’

Captains of commerce and industry have warned of dire consequences for the continent as Africa’s two biggest economies intermittently fall out over violent attacks on foreigners in South Africa, especially…

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Xenophobia: Protesters shut down Lagos MTN office, as S’African officials detain popular Nigerian analyst

Business activities at MTN headquarters in Falomo, Lagos, on Friday, March 3, were disrupted over the xenophobic attacks on Nigerians in South Africa by protesters under the aegis of the…

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Xenophobia: How reprisal attacks, infrastructure vandalisation affect Nigeria’s $38bn telecoms market

In the last two decades, telecommunication has grown in leaps and now forms the superstructure of modern lifestyle, social and economic practices. Virtually all the financial transactions, mobile money and…

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Economic Recession: MTN May Put Off Nigeria Listing Until 2018

MTN Group Ltd. may put off plans to list its Nigerian operation until 2018 as Africa’s largest wireless carrier works to resolve a regulatory dispute and awaits an economic recovery…

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Senate to quiz MTN, Trade minister over alleged illegal transfer of $14 bln

A committee of the Senate has invited South Africa’s MTN, Nigeria’s trade minister and four lenders to appear before them on Oct. 20 for an “investigate hearing” on an allegation…

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NCC approves transfer of Visafone shares to MTN following takeover

Nigeria’s telecommunications regulator, Nigerian Communications Commission, NCC said on Tuesday it has approved a request by internet provider Visafone to transfer its shares to MTN following its takeover by the…

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MTN appoints new head of regulatory affairs after fine

South Africa’s MTN has appointed a new regulatory affairs chief, a spokesman said on Monday, after a large fine in Nigeria dragged Africa’s biggest mobile operator by users to its…

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MTN Nigeria Sacks Over 1000 Contract Staff, Cut Salaries from N120k to N40k

MTN Nigeria has laid off some of its contract staff, particularly those that work at the telecommunications call centers. According to inside sources,many of the contract staff were given their…

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Minister denies involvement in alleged $14b MTN money transfer

The minister for industry, trade and investment, Okechukwu Enelamah dismissed accusations on Thursday that he was involved in an alleged illegal transfer of $13.92 billion by South African telecoms giant MTN….

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