Mtn group results
MTN Nigeria eyes debt and equity sale after stock market listing
Nigeria, MTN's biggest market with 52.3 million users in 2017, accounts for a third of the South African group's annual core profit, but it has faced problems...
The company, which said it remained committed to achieving medium-term targets, said group service revenue rose 10% led by performance in South Africa, Nigeria and Ghana.
MTN argues that the attorney general exceeded his power when he issued the backdated tax demand in September. State lawyers had filed a case saying MTN did not file its challenge in time.
MTN Group says it plans to apply for payment banking license in Nigeria and launch a service in Africa’s biggest economy by the second quarter of 2019, its chief executive said on Tuesday.