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.
Browsing: MTN Nigeria
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.
Nigeria’s demand that all of MTN’s 75 million subscribers be registered with national ID numbers in two weeks might seem like the authorities are gunning for it once again. It’s more nuanced than that.
MTN is in a race against time to get about half its subscribers to comply with the Nigerian government’s stipulation that their Sims be connected to their ID numbers by the end of the year.
Nigeria’s telecommunications regulator has ordered mobile phone users to link their devices to their national identity numbers, raising the prospect of millions of lines being blocked.