Browsing: MTN

The foremost indigenous cement manufacturer came first among top 100 elite companies listed on the Nigeria Exchange (NGX) posting into the coffer of the federal government a princely sum of N97.24billion in the year, while MTN Communication Nigeria Plc paid N93.6billion and Guaranty Trust Bank came third with an income tax of N36.66billion.

According to the NCC statistics, the other major operators, MTN and Airtel, recorded losses during the period under review. While MTN’s subscriber base shrank from 73,571,192 in June to 73,123,732 in July (a loss of 447,460 customers), Airtel lost a total of 364,486 subscribers as its figure fell from 50,665,723 to 50,301,237.

“Commenting on how central the overall subscriber experience is to MTN’s innovation drive, Adekunle Adebiyi, Chief Sales & Distribution Officer, said, “We are committed to providing a superior experience for our customers by addressing their pain points, meeting their needs and creating value. We understand that getting disconnected due to insufficient airtime or data is inconvenient and can be embarrassing so we introduced MTN Auto Top-Up, which eliminates the issue.

This new development marks MTN Nigeria’s debut in the domestic bond market and makes it the first Nigeria’s telecommunication company to achieve this feat with the Series I bond being the largest corporate bond issuance in the debt capital markets thus far in 2021. The signing ceremony took place at MTN’s corporate head office on Thursday May 6, 2021.