Tag: MTNN
MTNN returns to profitability amid FX pressures
...Total subscribers decreased by 0.9% to 77.0 million, impacted by the NIN-SIM regulations
...Active data users increased by 5.1% to 45.3 million
...Service revenue increased by...
Access Corporation, MTN Nigeria drive equity market to N607bn gain
TUE SEPT 17 2024-theGBJournal| The Nigerian equity market gained N607bn in market capitalisation in the past week, on the back of buying interest in...
Currency pressures and macroeconomic headwinds subdue MTNN’s earnings in Q2-24
...Total subscribers increased by 2.9% to 79.4 million
...Service revenue rose by 32.6% to N1.5 trillion
...EBITDA margins fell by 17.4 percentage points (pp) to 35.6%
...Profit...
MTNN shuts offices nationwide
TUE JULY 30 2024-theGBJournal| Mobile telecommunications corporation, MTN Nigeria, in a short vague statement on its X handle, said it is closing down shops...
NGX All-Share Index closes 1bp higher bolstered by gain in SEPLAT;...
...GTCO was the most traded stock by volume and value at 66.05 million units and N2.93 billion, respectively.
...The total trading volume increased by 91.6%...
Net FX losses undermines MTNN’s Q1-24 profitability
...MTNN's Management revealed that the growth in data revenue, which contributed 46.4% (Q1-23: 40.1%) to revenue, was delivered through improved data offerings
TUE APRIL 30...
MTN Nigeria Communications Plc profits plunge, underpinned by net FX losses
...The dip in MTNN's earnings was underpinned by the marked expansion in net FX losses (+804.9% y/y), highlighting the FX devaluation in the year.
FRI,...
MTNN restores full service after prolonged glitch
THUR, FEB 29 2024-theGBJournal|Mobile telecomms giant, MTN Nigeria (MTNN) said it has full restored service on its network following Wednesday's Glitch that left millions...
MTN and Glo reach agreement to resolve long-standing interconnection debt dispute
THUR, JAN 18 2024-theGBJournal|The Nigerian Communications Commission (NCC) announced today that telecoms service providers, MTN and Globacom have now reached agreement to resolve long-standing...
Telecoms active voice subscribers swells by 4.51% y/y in Q3-2023
FRI, JAN 12 2024-theGBJournal|Telecomms company in Nigeria saw a 4.51% rise in active voice subscriptions in Q3-2023, with the number rising to 221,769,883 from...
