Tag Archives: MTN

Telcos to the Mobile Money Rescue

The Central Bank recently relaxed the rule on Mobile Money (MM) participation by giving out telcos invite to the party. Yes it’s a party but then everyone’s gone home. Specifically telcos are now allowed to be Super Agents, which means they could use their thousands of retail touch points to serve MM customers. But unlike […]

MTN Nigeria made $2,6B Profit in 2014 – Beat that!

MTN Group just released their 2014 results. For once I sincerely believe I’m sure I’m in the wrong business. First thing on Monday, I’m taking a flight to Abuja to get my own telecoms license. You think I’m wrong? How can those numbers be wrong? Ok, time to face realities. MTN Nigeria had a bumper […]

50,412,559 Nigerians on the Internet

The reality is, I’m not much better than the armchair consultants I ranted about. Some months ago I wrote that Nigeria doesn’t have more than 17M internet users. I did my calculation based on MTN’s year end result and extrapolated that for the whole industry. Please read paragraph 5 of page 50 of the MTN […]