MTN Nigeria has changed its status from a private company to a public liability company (PLC) ahead of its listing on the Nigerian Stock Exchange. This conversion is one of the requirements for listing on the exchange. The company had previously announced that it looks to list on the NSE before July, saying it plans to enter the market by ...

Justice Binta Nyako of the Federal High Court in Abuja has nullified the sale of telecommunications firm, Etisalat International Nigeria Limited (9mobile), to Teleology Nigeria Limited. Two major investors in Etisalat — Afdin Ventures Limited and Dirbia Nigeria Limited — had in a suit marked: FHC/ABJ/CS/288/2018 challenged the sale of Etisalat to Teleology. In the suit filed on April 6, ...

Nigeria’s central bank is asking a Lagos court to make South Africa’s MTN pay 15 percent annual interest on the $8.1 billion it claims was illegally moved abroad, according to court documents. The bank also asked the court to dismiss MTN’s case seeking to stop the monetary authority’s order for the telecoms firm to repatriate the funds back to Nigeria, ...

Justice Binta Nyako of the Federal High Court, Abuja has stopped the planned sale of 9Mobile (Etisalat) telecommunication company, following opposition to the move by some aggrieved shareholders. Justice Nyako gave the order stopping the sale of the telecommunication firm while ruling on an exparte motion brought by the aggrieved shareholders. Afdin Ventures Limited and Dirbia Nigeria Limited, who claimed ...

The Economic and Financial Crimes Commission has charged telecommunications company, Globacom Limited, before the Lagos State Special Offences Court in Ikeja for an alleged fraud of $6,786,674.61. The firm was charged alongside its Indian Chief Marketing Officer, Ashok Israni, who was listed as the first defendant in the case. The one count filed before Justice A.O. Williams against the defendants, ...

Married female staff of Globacom are currently in pains after the Chairman, Mike Adenuga laid off over  90 of them, according to a reliable source, the management laid them off because they were married and Mike Adenuga does not want married women in his company again. Read a post from one of the sacked female staff. I received a rude ...

ZTE Corporation, a global telecommunications equipment, networks and mobile devices company headquartered in Shenzhen, China has partnered with telecommunications services provider, Airtel Nigeria, to roll-out 4G LTE (Long Term Evolution) in Ibadan, Oyo State. The roll-out was announced at a VVIP event in Ibadan on the 13th of February and it was attended by several dignitaries and key opinion leaders ...

Globacom, Nigeria’s second-largest telecommunications network, may not be able to acquire 9Mobile as widely reported in the media. 9Mobile, formerly known as Etisalat Nigeria was taken over in July 2017 following N541 billion debt overhang. Mubadala Group, the major investor from the United Arab Emirates, pulled out of Emerging Markets Telecommunications Service (EMTS), the fourth largest telecommunications service operator in ...

Workers under the aegies of the Nigeria Labour Congress (NLC) disrupted business activities at the MTN Abuja corporate office on Friday, demanding improved welfare conditions for workers. The NLC President, Ayuba Wabba said the multinational company has refused to allow their workers, majority of whom, he said are casualised to belong to a union. Details later…

Leading telecommunications services provider, Airtel Nigeria, has unveiled its Home Broadband Service in line with its commitment to deepen Internet connectivity as well as empower telecoms consumers to share data with a number of people without worrying about cost and other limitations. The new Airtel Home Broadband delivers superfast broadband service via data terminals such as dongle, MiFi and routers ...