Tag: mtn

Taxes: FG nets N393bn from Dangote, nine others

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According to an investigation, ten firms that are listed on the Nigerian Exchange paid N392.7 billion in income taxes to the Federal Government in the first half of 2025, up 16.1% year over year from N338.3 billion in the same time in 2024. The companies are Dangote Cement Plc, Nestle Nigeria Plc, Lafarge Africa Plc, BUA Cement Plc, International Breweries Plc, Julius Berger Plc, Nascon Allied Industries Plc, UAC of Nigeria Plc, Cadbury Nigeria Plc, and Dangote Sugar Refinery Plc, according to their Condensed Consolidated Statement of Profit or Loss…

NECO Releases Hall Requirements for November 2025 CBT Exams

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NECO Releases 2024 Internal Examination Results

The old paper-pencil approach will be phased out, according to confirmation from the National Examinations Council (NECO). A fully computer-based method will now be used for all exams, starting with the November/December 2025 SSCE External. In July, the Federal Government announced that by 2026, all CBT centers, including those run by private companies, would be used to administer the school-based SSCE. By 2026, the FG will move all Waec Neco Exams to the CBT. “The National Examinations Council (NECO) has concluded arrangements to migrate from paper pencil to computer-based examination,…

Naira Devaluation Cripples MTN Earnings, Resulting in N400bn Loss

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MTN Nigeria reported a N400.44bn loss after tax for the year ended December 31, 2024, as the devaluation of the naira drove up foreign exchange losses and weighed on the company’s earnings. The loss, disclosed in the company’s audited financial statements released on Thursday, represents a 192 per cent increase from the N137.02bn loss recorded in 2023. The operator with over 80 million customers said the sharp depreciation of the naira significantly impacted its foreign exchange exposure, with forex losses surging to N925bn from N740bn in the previous year. The…

Nigeria is now home to the world’s longest subsea cable, measuring 45,000 kilometers

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Nigeria is now home to the world’s longest subsea cable, measuring 45,000 kilometers The 45,000-kilometer-long 2Africa subsea cable from Meta has reached the Nigerian states of Lagos and Akwa Ibom. By immediately promoting the expansion of 4G and 5G and increasing internet penetration for millions of people and businesses throughout the region, the deep-sea cable initiative will link 32 additional African nations and directly contribute to the economic growth of the continent. According to Guardian Nigeria, Bayobab, a pan-African provider of digital connection solutions, collaborated with MTN Opco to install…