The donation, according to Mupita, will help secure up to seven million doses of the COVID-19 vaccine for health workers across the continent.
Browsing: MTN Group
After 18 years operations in Nigeria, the MTN Group has said it will list on the Nigerian Stock Exchange in the first half of 2019.
Ugandan President Yoweri Museveni says telecom firm MTN Uganda needs to sell shares on the local stock exchange to facilitate domestic ownership of the company.
At trading on the Johannesburg Stock Exchange, MTN shares were down 21.4 per cent at 84.35 rand, after touching 83 rand, a level last seen in 2009.
Speaking at the commission’s second post Capital Market Committee meeting in Lagos, Mary Uduk, SEC Acting Director-General, said that it had not received any official application from MTN despite media hype on the offer.
MTN Group, Africa’s biggest mobile operator, is sticking to its 2018 dividend target despite new US sanctions making it harder to repatriate cash from its Iran joint venture, the company said on Wednesday.
Prof. Umar Danbatta, Executive Vice Chairman of NCC, said this on Monday in Abuja when MTN Group, led by its Chairman in Nigeria, Dr Pascal Dozie, visited the commission.
MTN said in Johannesburg that the loan, which was due in 2024/2025, would allow its Nigerian unit to continue to invest in its network and simplify MTN’s interests in IHS.
It said that its headline earnings came in at 3.9 billion rand ($294.40 million), or 212 cents per share, in the six months to end June compared with a loss of 4.9 billion rand, or 271 cents per share, a year earlier.
MTN had agreed in June to pay Nigeria a N330 billion ($1.05 billion at the time) fine for missing a deadline to cut off unregistered SIM cards from its network