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MTN May Exit Nigeria over Harassment, Fines

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MTN Nigeria may exit the Nigerian market over incessant harassment and threats to its operations from many quarters in the country.

 

This came as Cyril Ramaphosa, President of South Africa arrived Nigeria to meet with President Muhammadu Buhari to reassure of safety of Nigerians, following the killings of many Nigerians in renewed xenophobic attacks in South Africa.

Cyril Ramaphosa

But the Nigerian Labour Congress (NLC) had Monday began the picketing of MTN offices, which NLC claimed was in protest against non-unionisation of its workers.

 

The leadership of the NLC and other members had barricaded the head office of the company in Lagos for hours, preventing workers from carrying out their daily duties.

 

Tobechukwu Okigbo, Corporate Relations Executive, MTN in his reaction, said the “the violence and the needless destruction of property is deeply saddening. As always our primary concern is the safety and well-being of our employees, some of whom were attacked by supposed NLC operatives and have sustained injuries.

 

We do not prevent our employees from associating amongst themselves as they deem fit and owe our employees the obligation to ensure they are not compelled to join associations. MTN supports the freedom of association as enshrined in the Nigerian Constitution.

All workers have rights that should be protected. We work hard to not only ensure that this is done but also to ensure that our company is a Great Place to Work. We will continue to champion our peoples’ rights, whether they are part of a union or not and work hard to minimise disruptions in service to our customers” he added.

 

But another official said that the network firm may consider shutting its Nigerian operations if the hostilities continues.

 

MTN is facing a plethora challenges in Nigeria ranging from incessant imposition of fines and penalties by the Nigerian Communications Commission (NCC) to endless harassment by the National Assembly through Senate probes.

 

Sometime ago too, the Senate began harassing the company over alleged illegal transfer of $13.2 billion.

 


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MTN Guns for $2.76bn IHS Towers Buyout in African Telecom Power Grab

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MTN Group, the continent’s telecom behemoth, has plunged into advanced negotiations to acquire the outstanding 75 percent stake in IHS Towers for a staggering $2.76 billion, a seismic move that would hand Africa’s largest mobile operator full reins over one of the world’s premier independent tower companies and redefine infrastructure control across emerging markets.

MTN Guns for $2.76bn IHS Towers Buyout in African Telecom Power Grab

MTN

The proposed transaction, pegged to IHS’s latest New York Stock Exchange closing price where it trades alongside a Frankfurt listing, builds on MTN’s existing 25 percent holding forged in a landmark 2014 deal that saw the operator offload most tower assets to IHS in exchange for cash and long-term leases.

Sources close to the talks confirm discussions remain fluid with no binding agreement yet inked, and both sides caution that negotiations could shift or stall entirely—MTN has signalled readiness to pivot to alternative value-unlocking strategies for its stake if a full buyout eludes grasp.

Strategically, the power play catapults MTN toward vertical integration in a sector where operators increasingly crave direct grip on passive infrastructure to slash lease bills, streamline upgrades, and rocket-roll 4G/5G amid Africa’s insatiable data deluge.

IHS Towers, MTN’s anchor tenant across swathes of Africa with tens of thousands of masts from Nigeria’s 13,500 tenancies—renewed amid naira-dollar tussles—to South Africa and beyond the Middle East into Latin America, represents a golden infrastructure war chest primed for the operator’s 20-nation blitz.

The saga traces to 2014’s seismic sale that freed MTN capital for spectrum wars while birthing enduring lease pacts, now ripe for reversal as governance dust-ups over shareholder nominations and agendas underscore the buyout’s boardroom chess.

Market tremors rippled through IHS shares post-leak, underscoring the $2.76 billion tag’s gravity as MTN eyes cost efficiencies, network agility, and expansion muscle in oil-volatile economies where tower mastery spells survival.

Should the ink dry, MTN vaults to ownership of a colossus fuelling digital bridges from Lagos megacities to rural frontiers, slashing third-party dependence while supercharging investments in fibre-deep data dreams and 5G horizons.

Analysts buzz that the mega-deal heralds telecom consolidation waves, with operators reclaiming tower turf to fortify against rivals and unlock synergies in a landscape where infrastructure crowns kings.

Neither MTN nor IHS commented officially by press time, but the high-stakes huddle spotlights Africa’s telecom arena hurtling toward an era where owning the poles decides who dominates the digital skies.


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Google Calls on Africa’s AI Trailblazers for 10th Startup Accelerator Cohort

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Google has flung open applications for its landmark 10th cohort of the Startups Accelerator Africa, doubling down on nearly a decade of continent-wide tech propulsion by targeting Series A pioneers wielding AI and machine learning for scientific and societal moonshots.

Google Calls on Africa’s AI Trailblazers for 10th Startup Accelerator Cohort

Google

The 12-week “AI First” hybrid bootcamp, kicking off April 2026, equips Africa-based or Africa-centric innovators with Google’s AI arsenal, expert mentorship, technical firepower, and investor matchmaking to catapult health and deep-tech ventures into orbit—deadline March 18 at g.co/acceleratorafrica.

“Africa’s tech landscape is seeing a vibrant shift toward deep-tech innovation,” proclaimed Folarin Aiyegbusi, Head of Startup Ecosystem, Africa. “For Class 10, we are focusing on the potential of AI to drive health and societal benefits, providing the infrastructure and expertise to turn these startups into the research labs of the continent.”

Since 2018, the accelerator has turbocharged 180+ startups across 17 nations, unlocking $350 million in funding and 3,700 direct jobs, cementing Google’s role as Africa’s AI innovation forge amid a deluge of homegrown problem-solvers.

Equity-free and hybrid-powered, Class 10 promises Google’s product credits, strategic war rooms, and global networks to forge the next wave of African AI trailblazers reshaping everything from disease detection to climate resilience.


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Optasia Drives Responsible AI Conversation at Nigeria’s Privacy Week 2026

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Optasia, a global AI-driven fintech platform, reinforced its commitment to privacy-by-design and responsible innovation as the official partner of Nigeria’s National Privacy Week 2026.

Optasia Drives Responsible AI Conversation at Nigeria’s Privacy Week 2026

Optasia

Held at the Transcorp Centre in Abuja, the programme brought together regulators, financial institutions and technology leaders around this year’s theme: “Privacy in the Era of Emerging Technologies: Trust, Ethics & Innovation”.

The National Data Privacy Summit, which concluded on Wednesday, 4 February, was convened in line with the Nigeria Data Protection Act (NDPA), which safeguards personal information across the country.

Welcoming Nigeria’s National Privacy Week 2026, Dr Vincent Olatunji, National Commissioner/CEO of the NDPC, underscored the central role of privacy in building trust and unlocking sustainable digital growth.

“Privacy is not an isolated privilege; it is a fundamental right guaranteed by our Constitution. By building trust, we unlock the full potential of our digital economy and protect every Nigerian’s digital identity,” he said.

These priorities closely align with Optasia’s approach, as the company focuses on enabling inclusive digital financial services while embedding privacy, accountability and trust into its technology and partnerships.

As a company operating AI-powered financial services within highly regulated environments globally, Optasia brings practical experience in embedding governance, accountability and data protection into large-scale digital systems.

The company delivers its services exclusively through licensed financial institutions and regulated distribution partners, supporting the responsible expansion of digital financial services while maintaining robust standards of security and privacy.

Optasia’s SOC 2 Type II certification underscores its commitment to maintaining internationally recognised standards of security, confidentiality, and privacy.

Speaking during the event, Uchenna Agbo, Chief Commercial Officer at Optasia, highlighted the heightened responsibility that accompanies rapid digital growth. “As Nigeria’s digital economy expands, the data that powers innovation and inclusion must be protected with the same seriousness as financial capital,” she said.

“For Optasia, compliance, ethical data use and respect for consumer privacy are foundational to building long-term confidence across the digital ecosystem.”

Optasia’s executive leadership participated in high-level panel discussions, with Chief Technology & Innovation Officer Antoine Chatzistamatiou sharing insights on “Building trust by design: Privacy, ethics, and accountability in emerging technologies”, alongside a senior representative from GTBank.

Additionally, Chief Data & Risk Officer Stelios Lelis contributed to a session titled “Innovation without Intrusion: Balancing data-driven growth with privacy as a fundamental right”, alongside senior leadership from Microsoft and Stanbic IBTC.

Optasia’s Nigeria engagement is anchored in four operating priorities: privacy-by-design, responsible use of AI, innovation without intrusive data practices, and stronger collaboration across the licensed ecosystem.

The company’s engagement in Nigeria reflects a long-term commitment to supporting a trusted and inclusive digital economy. As data-driven services continue to expand across sectors, Optasia remains focused on contributing constructively to ecosystem conversations around privacy, accountability, and responsible innovation.


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