MTN Nigeria’s users to experience network outage for 7 hours over system upgrade

Mobile telecommunications giant, MTN Nigeria, has announced that some customers may experience service downtime for seven hours as it plans to effect a system upgrade tomorrow, Tuesday. The network provider made this announcement in an SMS to subscribers on Sunday. This means 81.21 million telephony subscribers and 64.06 million internet subscribers will experience service downtime on the said date. Recall that MTN had earlier in October made a similar announcement as it undertook a system upgrade on its machines. The CEO, Olutokun Toriola, while explaining the reason behind the network…

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MTN, Airtel get CBN’s approval-in-principle to operate payment service banks

The Central Bank of Nigeria, (CBN), has granted approval in principle to MTN and Airtel to operate payment service bank, (PSB), across the country, aimed at further deepening financial inclusion in the country. The apex bank had since communicated the approval to both telecoms operators. Announcing the approval, MTN in an issued statement yesterday, signed by the Company’s Secretary, Uto Ukpanah, said: “MTN Nigeria Communications Plc (MTN Nigeria) as promoter, received an Approval-in-Principle (AIP) dated 4th November, 2021 from the Central Bank of Nigeria (CBN) for a licence application for…

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