NCC Directs Mobile Network Operators to Alert Customers on Outages
The Nigerian Communications Commission (NCC) has issued a directive to all mobile network operators in Nigeria, including MTN and Glo, to inform customers of major service outages through media channels. The directive requires operators to provide information on the cause of the outage, affected areas, and estimated time of restoration. Operators are also required […]
MTN Nigeria Financial Woes Deepen As Telco Posts N400bn Loss
Lucky Obukohwo, Reporting MTN Nigeria has declared a post-tax loss of N400.44 billion for the financial year ending December 31, 2024, as the sharp devaluation of the naira significantly eroded its earnings and worsened its foreign exchange losses. The company’s audited financial statements, released on Thursday, disclosed that this loss marked a 192 percent […]
Court Upholds FIRS’ $87.9m Penalties, Interest Against MTN
Lucky Obukohwo Reporting A Federal High Court sitting in Lagos has upheld $87.9 million USD as penalties and interests imposed on MTN Nigeria Communication Plc by the Nigeria’s Federal Inland Revenue Service (FIRS). Justice Ayokunle Faji who presided over the court, upheld the penalties and interests, while delivering judgment in an appeal […]