By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-The Nigerian Communications Commission (NCC) on Thursday said it’s yet to receive any payment from MTN Group following the fine slammed on the company, a Reuters report, quoted Tony Ojobo, spokesman for the Commission. This is coming on the heels of reports quoting MTN that […]
Tag: $250 Million
MTN drops lawsuit against Nigeria, pays $250 million toward fine
February 24, 2016/Reuters South African mobile phone operator MTN Group withdrew its lawsuit against Nigeria’s regulator over a $3.9 billion fine and paid $250 million toward a possible settlement. A judge in Lagos last month gave both parties until March 18 to reach a settlement, after MTN had asked the […]
United Capital Plc closes US$250 million pre-payment facility deal with Orion Oil
January 8, 2016/United Capital Plc United Capital Plc has made one of the largest transactions structured by an African bank in 2015. Last December, the investment bank achieved a US$250 million Tranche One Crude pre-payment facility for the Democratic Republic of Congo-based Orion Oil. The facility will run for a […]
