MTN strengthens fintech foothold in Nigeria with MoMo PSB buyout
Acquisition positions MTN for growth in Nigeria's expanding digital finance sector.
MTN Nigeria
MTN Nigeria aims for $30.4-million commercial paper issuance to boost liquidity amid naira devaluation and rising costs
MTN Nigeria plans to raise $30.4 million through commercial paper issuance to strengthen liquidity amid naira devaluation and rising operational costs.
MTN Nigeria posts $311.2-million loss in Q3 2024 amid forex volatility and rising costs
MTN Nigeria Communications Plc, led by CEO Karl Toriola, reports a staggering loss of N514.9 billion ($311.2 million) for Q3 2024, marking a sharp increase in losses compared to N14.9 billion ($9 million) in the same period last year, driven by foreign exchange challenges and rising expenses.
MTN CEO Karl Toriola urges tariff hike to prevent telecom shutdown
MTN Nigeria CEO Karl Toriola has called for a tariff hike to address rising operational costs and prevent a potential service shutdown, as the telecom giant faces significant financial pressures amid Nigeria’s challenging economic environment.
MTN CEO Karl Toriola leads $50-million initiative to revolutionize education with tech-driven solutions
MTN Nigeria’s $50-million initiative, led by CEO Karl Toriola, is transforming education with cutting-edge science labs, empowering students to build a tech-driven future.
Karl Toriola-led MTN Nigeria faces economic hurdles, reports over $80-million loss
Toriola attributes losses to currency devaluation, inflation, and higher operating expenses.
Nigerian billionaire Mike Adenuga’s Glo faces service disruption over unpaid interconnect charges
According to the notice, the NCC has granted partial approval for the disconnection of Glo from MTN Nigeria.
Nigerian executive Karl Toriola earns $2.6-million salary from MTN Group
A seasoned Nigerian business executive, Karl Toriola, took the helm as the CEO of MTN Nigeria in October 2020
Nigerian businessman Pascal Dozie’s stake in MTN Nigeria surges by $8 million
The surge in the market value of Dozie’s 1.6-percent stake in MTN Group can be attributed to renewed investor interest.
Over $20 million vanishes from Nigerian tycoon Victor Odili’s MTN Nigeria stake in a month
Victor Odili, regarded as one of Nigeria’s wealthiest businessmen, has a 3.96 percent stake in MTN Nigeria.