MTN Nigeria Communications Plc (MTN Nigeria) has reported a loss after tax amounting to ₦514.9 billion. This figure was recorded in the company’s financial results for the nine months ending 30 September 2024, reflecting a mixed performance. Newsextra24 understands that the loss recorded contrasted with a profit after tax of ₦4.1 …
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MTN Nigeria and other multinational business leaders have urged the Federal Government to establish a fair, competitive environment that would allow businesses to maintain their investments within the nation. The business operators lament that the government has not allowed them to increase their prices in the last ten years, stating that …
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MTN Nigeria has partnered with the AKWAABA African Travel Market, as its headline sponsor for the 20th anniversary, slated to hold from Sept. 22 to 24. The strategic collaboration marks MTN’s first-ever participation in the prestigious event, reinforcing its commitment to driving growth and progress across Africa through technology. This …
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FORMER MTN Group CEO Sifiso Dabengwa has been announced dead Monday morning after losing the battle with cancer. Dabengwa was MTN CEO from March 2011 till 2015 when he had to resign as MTN was looking for ways to negotiate itself out of a record N1.04trn fine Nigeria slammed on …
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COMPANIES operating in Nigeria are paying overdue dollar obligations after the recent Central Bank of Nigeria (CBN) reforms led to increased liquidity in the West African nation’s foreign exchange market, Bloomberg reported on Wednesday. MTN Nigeria Communications Plc, BUA Foods PLC and Cadbury Schweppes Overseas Ltd.’s Nigeria unit, some of …
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MTN Nigeria said it had eliminated at least 8.6 million lines from its network in compliance with the Nigerian Communications Commission (NCC) ruling of February 28, 2024, which requires telecommunication companies to disconnect SIM cards not linked to the National Identity Number (NIN). This information was disclosed in the company’s financial …
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THE Lagos State division of the Tax Appeal Tribunal has ordered MTN Nigeria Communications to pay $72,551,059 in tax default to the Federal Inland Revenue Services from 2007 to 2017. However, the Tribunal absolved the telecommunication firm from paying the sum of $21,039,807 as penalties and interest on the principal …
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MTN, Airtel, as well as money deposit banks in Nigeria have been appointed by the Federal Inland Revenue Service (FIRS) to withhold Value Added Tax (VAT) charged on all taxable supplies made to them, and remit to the Service. This is contained in a Public Notice the FIRS issued on …
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MTN, Airtel, Others Appointed By FIRS To Withhold VAT Charged To Them MTN, Airtel, as well as money deposit banks in Nigeria have been appointed by the Federal Inland Revenue Service (FIRS) to withhold Value Added Tax (VAT) charged on all taxable supplies made to them, and remit to …
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The Nigeria Liquefied Natural Gas Limited (NLNG), one of the companies undertaking the construction of roads under the Road Infrastructure Development and Refurbishment Investment Tax Credit Scheme, received its Tax Credit Certificate from the Federal Inland Revenue Service (FIRS), for the construction of the Bonny – Bodo Road, in Rivers …
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