#MTN

The National Communications Commission (NCC) and the Corporate Affairs Commission (CAC) are intensifying their enforcement regarding changes in telecom ownership in Nigeria. This development is part of a broader discussion that includes topics such as Spiro's $55 million investment in electric vehicles, potential US-Iran peace talks that may affect MTN's frozen assets, and the preloading of DStv Stream on Samsung TVs.

MTN Mobile Money (U) Limited has appointed Phrase Lubega as the new Managing Director, as announced by the Board of Directors. His appointment is pending regulatory approval from the Bank of Uganda. Lubega, a Ugandan national, has significant experience in the industry, marking a return to a leadership role within the company.