Telecom
MTN Keeps Dividend Flowing after First Loss in 20 Years

Africa’s biggest mobile phone operator MTN Group promised to pay a dividend in 2017 on Thursday, sending its shares surging as investors shrugged off a loss that underscored its risks in investing in frontier markets.
MTN reported a $108 million annual loss, its first in two decades, hit by a regulatory fine in Nigeria and unfavourable currency moves.
MTN agreed to pay a fine of 330 billion naira ($1.1 billion), reduced from $5.2 billion, in June last year after a prolonged legal battle to end a dispute in Nigeria over missing a deadline to cut off unregistered SIM cards.
The fine claimed by Nigeria, MTN’s most lucrative but increasingly problematic market, wiped 10.5 billion rand ($770 million) from 2016 earnings.
Shares in MTN jumped more than 10 percent to 129.11 rand as its chairman said the losses would not be repeated and promised to keep dividends flowing.
MTN, held by many investors for its dividends, said it would pay 700 cents per share this year after declaring a similar amount for 2016.
“If you strip out the Nigerian fine, which is a once off thing, and forex moves, this company is not in a such bad shape operationally,” said Momentum SP Reid Stockbrokers’ analyst Sibonginkosi Nyanga.
Without one-off and non-operating items, which include about 6 billion rand in forex losses, MTN would have managed a profit, albeit 14 percent lower than 2016’s earnings.
MTN’s executive chairman Phuthuma Nhleko called the loss, at 77 cents per share, a “black swan event”.
“For even the most successful companies, you do have black swan events in your history and this was it. We hopefully are not going to see something like this again,” Nhleko told Reuters on the sidelines of the company’s results presentation.
However, MTN also faces an investigation by Nigerian lawmakers on whether it illegally repatriated $14 billion between 2006 and 2016.
MTN has denied any wrongdoing and Nhleko dismissed the allegations on Thursday as baseless.
The crux of the latest Nigerian allegations is that MTN did not obtain certificates declaring it had invested foreign currency in Nigeria within a 24-hour deadline stipulated in a 1995 law, and therefore the repatriation of returns on those investments was deemed illegal.
Telecom
MTN, CardCentre Join Hands to Launch Biodegradable SIM Cards

MTN Nigeria has partnered with CardCentre Nigeria Limited, a subsidiary of Chams HoldCo, to introduce eco-friendly SIM cards made entirely from biodegradable materials.
The launch, which took place in Lagos, targets the reduction of plastic waste across Nigeria and the wider West African region.
According to the statement releasedy, the new SIM cards are certified by the Forest Stewardship Council and produced using recyclable components and energy-efficient manufacturing processes.
“They meet global sustainability standards while maintaining the performance expected by telecom users,” the statement said.
It added that Tobe Okigbo, chief Corporate Services and Sustainability officer at MTN Nigeria, stated, that ”the partnership underscores our commitment to sustainability and innovation, while also supporting local businesses and economic growth through strategic alliances.”
In his remarks, Lekan Latona, chief executive officer, CardCentre, said: “We are proud to collaborate with MTN Nigeria on this project. Our biodegradable SIM cards mark an important step toward a greener future for telecommunications.”
Telecom
NSACC Celebrates 25 Years, Elevates Media as Catalyst for Nigeria–South Africa Unity

Nigeria-South Africa Chamber of Commerce (NSACC) has commemorated its 25th anniversary with a landmark breakfast meeting that spotlighted the transformative power of media in fostering bilateral ties.
Held under the theme “Media as a Bridge: Strengthening Nigeria-South Africa Ties through the MTN Media Innovation Programme (MIP)”, the event drew a dynamic mix of business leaders, academics, and media professionals.
Tobe Okigbo, Chief Corporate Services and Sustainability Officer at MTN Nigeria, described the MIP as a strategic tool for diplomacy, designed to dismantle stereotypes and misinformation.
He emphasized the value of the programme’s study tour in South Africa, which offers Nigerian journalists immersive exposure. “If Nigeria and South Africa can get their act together, the rest of the continent will follow,” Okigbo remarked, hinting at MTN’s plans to scale the initiative across Africa.
Dr. Ije Jidenma, Chairperson of NSACC, hailed the MIP as a tangible example of innovation in action. She underscored the media’s role as a “catalyst for development,” especially in shaping public discourse and cross-border partnerships.
Echoing this sentiment, Dr. Ikechukwu Obiaya, Dean of the School of Media and Communication at Pan-Atlantic University, stressed the need for rigorous training in journalism. He praised the collaboration between academia and industry, noting that ethical and contextual reporting is essential for meaningful impact.
A highlight of the event was a panel featuring MIP fellows—Amarachi Ubani (Channels TV), Oluwadunsin Sanya (BellaNaija), Nifemi Oguntoye (TVC News), and Akinkunmi Obakeye (CNBC Africa)—who shared how the programme reshaped their understanding of South Africa. Their stories revealed a shift from stereotypes to shared values and deeper connections.
The ceremony concluded with the unveiling of NSACC’s 25th anniversary logo, symbolizing a renewed commitment to growth, collaboration, and opportunity for its members.
As NSACC enters its next chapter, the Chamber reaffirmed its dedication to leveraging media as a bridge between Nigeria and South Africa—two powerhouses whose unity could redefine the African narrative
Telecom
MTN Nigeria, WWF/NCF, and UNDP Launch 2025 PachiPanda Challenge to Drive Youth-Led Environmental Innovation

In a bold move to tackle Nigeria’s pressing environmental challenges, MTN Nigeria Communications Plc, in partnership with the Worldwide Fund for Nature (WWF), the Nigerian Conservation Foundation (NCF), and the United Nations Development Programme (UNDP) Nigeria, has officially launched the 2025 Nigeria PachiPanda Challenge.
Part of the continental Africa PachiPanda Challenge, this initiative calls on young Nigerians aged 18–35 and youth-led SMEs to develop groundbreaking solutions addressing pollution, climate change, and community conservation. With the theme “Nourishing Tomorrow: Innovations for Food, Energy, and Water Security,” the challenge aims to empower eco-visionaries to reshape Nigeria’s environmental future.
Ten finalists will be selected for a transformative 3-day sprint event, featuring human-centered design workshops, masterclasses, and a high-stakes pitch session before a panel of industry experts. Winners will advance to the continental stage, representing Nigeria in the Africa-wide competition.
Tobe Okigbo, MTN Nigeria’s Chief Corporate Services and Sustainability Officer, described the challenge as “a green opportunity” for youth to channel creativity into impactful change.
Dr. Joseph Onoja of NCF emphasized the power of collaboration, while UNDP’s Dr. William Tsuma highlighted the challenge’s alignment with the Sustainable Development Goals.
More than a competition, the Nigeria PachiPanda Challenge is a movement—one that seeks to ignite innovation, foster sustainability, and amplify youth voices in shaping a resilient future.
Applications close on October 3, 2025.
Interested participants can apply at: www.mtn.com/pachipanda-challenge
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