Lending product drives MTN Nigeria's fintech revenue growth in H1 2024
MTN Nigeria reported a 2.9% increase in total subscribers, reaching 79.4 million. The telco's fintech business saw 11% revenue growth primarily due to its airtime lending product Xtratime and the adoption of its mobile money services, MoMo.
MTN sees decline in internet subscription over NIN-SIM compliance
MTN Nigeria saw over 2.8 million subscribers drop from its internet business in January. Airtel gained the most subscribers in January, solidifying its position as the second-largest internet service provider.
Crypto users in Nigeria briefly lose access to Binance, Kraken and Coinbase
Cryptocurrency exchanges in Nigeria faced accessibility issues for users. Nigeria's apex bank instructed the telecom regulator to suspend access to crypto websites.
Nigeria Limits Access to Binance and Similar Platforms Following Previous Ban Reversal
The Central Bank of Nigeria (CBN) has directed telecom companies to block access to cryptocurrency-related websites, including Binance, OctaFX, and Coinbase. Binance has clarified that its service is not intended for currency pricing, and it remains committed to engaging with regulators and other st
Breaking: NCC withdraws disconnection notice on Glo after N2bn interest payment to MTN
The Nigerian Communications Commission has lifted a disconnection notice placed on Globacom after it reached an interest payment agreement with MTN Nigeria. MTN agreed to accept N2 billion in interest payments instead of the original sum of N3 billion.
