By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s apex capital market regulator, the Securities and Exchange Commission (SEC) on Tuesday dissociates itself from the “BGL 50 Index” publication and reiterated BGL Plc, its subsidiaries and sponsored individuals are still under suspension from all capital market activities for infractions. SEC in a notice […]
Frauds & Scandals
Nigeria says MTN fine cut to $3.9 bln, blames typo for bigger reduction
December 4, 2015/Reuters By Tiisetso Motsoeneng and Alexis Akwagyiram * Nigeria says has cut MTN fine by 25 pct to $3.4 bln * Blames typo for news Thursday that fine cut by 35 pct * MTN shares close down 3 percent (Recasts with NCC comment, changes dateline) Nigeria’s telecoms regulator […]
MTN seeks bigger reduction after Nigeria cuts $5.2 bln fine by a third -source
Thu Dec 3, 2015/Reuters * NCC gives MTN until Dec. 31 to pay * Fine still big enough to cripple MTN -source * MTN says to talk to NCC before responding * Shares fall more than 4 percent * MTN shakes up management structure to boost governance (Recasts to start […]
