Browsing: MTN Nigeria

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MTN shares plunge 22% on new Nigeria shock

MTN Group shares plunged more than 22% on Thursday morning after reports emerged that the Nigerian central bank has ordered four banks to refund more than $8-billion “illegally expatriated” by the telecommunications provider.

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MTN slams $8-billion Nigeria demand

MTN Group has hit out at the Central Bank of Nigeria over a demand to refund more than $8-billion allegedly illegally expatriated from the country over an eight-year period.

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MTN South Africa workers to go on strike

MTN Group workers in South Africa are set to go on strike after a breakdown in wage talks with a key labour group. The Communications Workers Union sent MTN an intention to strike and 120 protesters gathered

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Union protest hits MTN Nigeria

MTN Group’s Nigeria offices are being picketed by the country’s biggest group of unions over an alleged refusal to allow staff to form workers’ groups, a claim denied by the continent’s largest wireless carrier

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MTN reaffirms dividend despite Iran sanctions

MTN Group CEO Rob Shuter said on Thursday at the telecommunications operator’s annual general meeting of shareholders that it still expects to declare a full-year dividend for 2018 of R5/share despite impending US

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MTN set to raise R13.8bn in Nigeria debt

MTN Group plans to borrow as much as 400bn naira (US$1.1bn; R13.8bn) in Nigeria this year as Africa’s largest wireless carrier by sales seeks to fund local investment and replace existing debt in the continent’s

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