Fintech lifts MTN Group in tough Q1 performance

MTN Group says its team discussed working through partnerships to drive and advocate for accelerated digital and financial inclusion across Africa.

As part of its commitment to supporting national priorities and fostering sustainable societies, MTN is building up 52 basic health clinics in Nigeria.

The company said the increase in data was led by improved data bundle offerings, wide network coverage and enhanced capacity.

During its first quarter results, the telco outlined plans to counter Nigeria’s economic turbulence, including engaging with the authorities for the leeway to increase pricing.

MoMo users can now send money to more than 200 million wallets, across 24 African countries.

The Nigerian Copyright Commission claims MTN and its top executives engaged in the unlawful use and distribution of copyrighted assets, such as music and other digital content.

Overall fintech revenue growth increased by 21.8% year-on-year, with other key developments proving their worth.

The Nigerian business community paid tribute to the Wigwes at a memorial event yesterday, who died in a helicopter crash alongside five others in United States.

MTN said the naira's rapid devaluation against the US dollar last year had a negative impact on its Nigerian operation's financial performance.

The deal is set to accelerate MTN’s mobile money ecosystem across 13 African markets, giving SMEs and individuals greater financial inclusion.

The agreement values the fintech business of MTN at $5.2 billion and will help fund the expansion of its payments and remittance services.