MTN’s revenue increases by 12.1% and deactivates 600,000 subscribers. – BelloNaija
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MTN’s revenue increases by 12.1% and deactivates 600,000 subscribers.

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MTN Nigeria said it deactivated 600,000 active subscribers in compliance with the directive of the Nigerian Communications Commission to deactivate partially registered SIM cards.

The telecommunication company recorded 61.6 million subscribers at the end of the third quarter, adding 100,000 users quarter on quarter, the Q3 unaudited financial report ended September 30, 2019 stated.

In the report published on Wednesday, MTN said service revenue increased by 12.1 per cent to N854.9bn, largely driven by increases of 10.1 per cent and 34.9 per cent, respectively in voice and data revenue.

The financial report stated that earnings per share rose by 29 per cent to N7.29 while capex increased by 39.5 per cent to N154.1bn

MTN said its fintech business gained traction with 21.7 per cent year-on-year growth in revenue, driven by increased adoption of the Xtratime service, allowing subscribers to borrow airtime.

The telco said it launched its super-agent services in August 2019 and recorded 66,000 registered agents.

Commenting on the performance of the company, the Chief Executive Officer, MTN Nigeria, Ferdi Moolman, said MTN recorded double-digit growth in service revenue despite the challenging business environment.

According to him, the telco added 1.6 million active data subscribers and 4G population coverage reached over 35 per cent in 64 cities.

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Royal Split: Prince Harry expresses great sadness

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Britain’s Prince Harry expressed “great sadness” on Sunday at the way he and his wife Meghan had to give up their royal titles as part of separation settlement with the Queen.

“It brings me great sadness that it has come to this,” Harry said in his first remarks on Saturday’s historic agreement, made during a public address and posted on the couple’s Instagram account.

“Our hope was to continue serving the Queen, the commonwealth, and my military associations, but without public funding. Unfortunately, that wasn’t possible,” he told supporters of his Africa-based charity for youngsters with HIV at an event in London.

The settlement stripped Harry and Meghan of public funding and required them to repay £2.4 million ($3.1 million) of taxpayer’s money spent on renovating their Frogmore Cottage home near Windsor Castle.

Harry was also forced to give up the military titles and patronages he was awarded after serving two tours in Afghanistan with the British Army.

But Harry said he felt “utmost respect” for Queen Elizabeth II.

“It has been our privilege to serve you, and we will continue to lead a life of service.”

“I will always have the utmost respect for my grandmother, my commander in chief, and I am incredibly grateful to her and the rest of my family, for the support they have shown Meghan and me over the last few months.”

He also hinted at some trepidation at starting a new life away from his royal home. He and Meghan will spend some time in Canada before deciding whether to move to the United States or another country.

“We are taking a leap of faith — thank you for giving me the courage to take this next step,” he said.

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President Buhari reveals why he joined Politics

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President Buhari finally reveals why he joined politics after his release from prison President Muhammadu Buhari has revealed why he joined partisan politics after he was released from prison over thirty years ago. He said he joined politics because of his integrity.

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Will Smith and Martins Lawrence named Honorary police officers by Miami City Police Force

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Hollywood actors, Will Smith and Martin Lawrence, ahead of the release of the new ‘Bad Boys for Life’ movie, were on Sunday honored by the Miami City Police Force for their outstanding contribution to the growth of the entertainment industry in Miami.

Smith has lived and worked in Miami for almost half a century, and the Bad Boys movie Franchise has always been shot in Miami, hence the Miami city police force thought it wise to celebrate and honor Will Smith and Martin Lawrence, and handed them ‘keys to the city’ plaque and Miami police force badges while also granting them honorary police officer titles, roles they both played in the Bad Boys film.

Smith took to Instagram to celebrate the achievement . 
He posted;

“Been rockin’ with Miami for over 25 years and today me and @martinlawrence got the keys to the city and were officially made honorary Miami Police officers!! Big thanx @francisxsuarez and @pitbull (happy BDay) for setting us up! #badboysforlife,” the 51-year-old actor shared on Instagram alongside a series of photos and videos of the two men receiving their keys.

In one of the videos, the official who presented Smith, 51, and Lawrence, 54, with the honor also announced that Jan. 12 would be celebrated as the “Bad Boys for Life” day in the city of Miami, which was met by cheers from the crowd.

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