MTN’s service in Nigeria could be disrupted as a result of rising insecurity in different parts of the country, the local unit of South Africa’s telecommunications group said on Tuesday.
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MTN Group on Wednesday posted a near 18% jump in first quarter revenue, led by double-digit growth in commercial operations across South Africa, Nigeria and Ghana.
Lagos-listed MTN Nigeria Communications shed five million mobile subscribers in the first three months of the year as it struggled with customer churn and restrictions on Sim card sales and activations.
Nigerian banks are only now starting to counter the emerging fintech firms riding the online wave spurred by the pandemic. They’re also deploying their political muscle with regulators.
MTN Group and Airtel Africa were given the green light to resume the sale of new Sim cards in Nigeria following the implementation of a new policy linking them to national ID numbers.
MTN Nigeria resumed airtime sales on banking channels Sunday after banks lifted a ban on the telecommunications operator following an intervention by the government.
Some Nigerian lenders have cut off MTN Nigeria from their banking platforms, making it impossible for millions of customers to buy credit for their phones.
Rob Shuter, the former president and CEO of MTN Group, received R68.1-million in remuneration, including R30.1-million in bonuses, in his final eight months at the emerging-markets telecommunications giant.
MTN Nigeria is at an advanced stage in renewing its operating spectrum and licence in Nigeria for another 10 years from September, the local unit of South Africa’s MTN Group said on Sunday.
Nigeria has given telecommunication providers an extra eight weeks to add valid national ID numbers to every Sim card registered in the country, according to a statement.