Tue Mar 8, 2016/Reuters South African telecoms company MTN is in talks with Nigeria’s telecoms regulator to reduce the $3.9 billion fine imposed for its failure to disconnect unregistered sim cards and arrange gradual payment, President Muhammadu Buhari said on Tuesday. The Nigerian president made the comment at a joint […]
Tag: $3.9 billion Fine
South Africa’s MTN expects Nigeria to devalue naira this year
Thu Mar 3, 2016/Reuters South Africa’s MTN Group expects Nigeria to devalue the naira by up to 22 percent at some point this year, chief financial officer Brett Goschen said on Thursday. Africa’s biggest wireless operator is in talks with Nigerian authorities to reduce a $3.9 billion fine imposed last […]
MTN Says May List on Nigeria Bourse after Fine Resolution-Reuters
By InvestAdvocate Lagos (INVESTADVOCATE)-The MTN Group said it may list its Nigerian unit shares on the Nigerian Stock Exchange (NSE), according to a Reuters report on Thursday. The report said the listing maybe considered after the company has resolved the dispute surrounding the $3.9 billion fine with Nigerian authorities, quoting […]
