MTN

MTN and others receive permits for electricity generation

The Nigerian Electricity Regulatory Commission (NERC) has granted permits for mini-grid electricity generation to Golden Penny Power Limited, MTN Communications Nigeria Limited, Havenhill Synergy, and others. In Q1 2024, NERC issued nine new off-grid generation licenses totaling 109.69 megawatts, along…

Naira devaluation causing major impact on MTN finances

On Wednesday, MTN Group, Africa’s leading telecommunications company, announced it is set to record a half-year loss due to the devaluation of the Nigerian naira and operational challenges in Sudan. The company’s financial performance has been heavily impacted by these…