Business
MTN Launches New Partnership Shop In PH
As part of its corporate commitment to bring data services and data support closer to its numerous customers across the shores of Rivers State and its environs, the leading telecommunication giant in the country, MTN Nigeria has launched a unique customer’s service tagged “MTN/Ben Jack New Dawn Flagship Shop in Port Harcourt, Rivers State.
The project is the second MTN Partnership shop to be launched in the country after Lagos State. It is an initiative pioneered by the Sales and Distribution Department of MTN Nigeria in collaboration with the company’s Trade Partners starting with Ben Jack as the first in the South-South and South-East region.
Speaking at the launching of the MTN/Ben Jack New Dawn Flagship Shop (MTN Partnership), at Stadium Road Port Harcourt, the MTN Chief Executive Officer (CEO), Mr. Brett Goschen said the new initiative was due to the emerging changing competitive landscape and the increasing focus on data and ICT services in the business adding that a partnership that continues to focus on sales of airtime and SIM cards at the wholesale level alone will not survive the emerging trend.
Represented by MTN Sales and Distribution Executive, Mr Tsola Barrow said in assisting the company to transit as the vision leading telecommunication provider and to becoming Nigeria’s leading ICT company has made it imperative to position the company’s trade partners in line with the new dreams.
“For us at MTN, our trade partners are integral part of our success story. Through their steadfast and tireless efforts, our partners have contributed immensely to our market leadership despite increasing competition”, he stated.
According to him, the new initiative will enhance their partner’s ability to remain competitive in a changing market and establish them as a one-stop shop for all MTN products and services while assuring that the new venture will not only position them as key players in the telecoms business but will also increase their revenue profiles.
Also speaking, the MTN General Manager, Consumer Sales, Mr Richard Iweanoge said the new shop is among the 120 partnership shops planned across the country by the company adding that it is the numerous ways that MTN is striving to fulfill its objective as well as satisfying their valued customers across the state.
He commended Ben Jack for taking the lead in the new initiative to meet the aspirations of their valued customers in the state.
In his speech, the sales manager, Eastern region, Mr Emmanuel Okereke said the office is the first to be launched across the eastern region adding that with the coming of the new complex, customers can also approach Ben Jack for same services rendered in MTN shops for services adding that the new shop will satisfy all their desires.
He assured MTN customers across the state and its environs of the company’s commitment to meet all their telecommunication quest while calling on the state government to improve power generation in the state.
Credit to Nigeria’s private sector rose to N83.26 trillion in June 2026 from N81.04 trillion in May, signifying a positive balance of N2.22 trillion month-on-month.
Year-on-year, the figure represents a nine per cent increase compared with the N76.13 trillion recorded in June 2025. The latest figures come as the CBN continues to balance efforts to control inflation with the need to support economic growth and expand credit to businesses.
The CBN data shows that credit to Nigeria’s private sector increased by approximately 2.74 per cent month-on-month between May and June 2026. Also, the CBN data noted that credit to the government fell slightly to N40.03 trillion from N40.38 trillion. Other assets, net, dropped to N10.76 trillion from N12.63 trillion.
The credit surge signifies sustained growth in lending to businesses and other private-sector borrowers during the month. The rise in private sector credit was recorded alongside an increase in net domestic credit, despite declines in credit to government and other assets.
Further analysis of the report says that compared with June 2025, private sector credit rose by about N7.13 trillion yea-on-year but net domestic credit increased by approximately N1.87 trillion during the month.
The CBN’s relatively tight monetary policy stance notwithstanding, more banks still loaded funds to the private sector within the period. The Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) held its 306th meeting on July 20 and 21.
The Committee reviewed recent developments in the global and domestic economies, assessed emerging risks to the outlook and considered their implications for monetary policy and retained all rates.
The Committee decided to retain the Monetary Policy Rate at 26.5 per cent; the Standing Facilities Corridor around the MPR at +50/-450 basis points and retain the Cash Reserve Requirement (CRR) for Deposit Money Banks at 45.00 per cent, Merchant Banks at 16.00 per cent, and non-TSA public sector deposits at 75.00 per cent.
The MPC decision means that credit extension in the private sector will likely continue to rise because of rising confidence in the sector and calls by stakeholders for banks to invest in the private scetor instead of government securities.
