January 28, 2016/Reuters Nigeria’s President Muhammadu Buhari is against devaluing the naira, his office said on Thursday, backing the central bank’s stance of keeping rates unchanged in the face of sharp falls against the dollar on the black market. The central bank decided on Tuesday to keep the current official […]
Tag: President Muhammadu Buhari
Nigeria open to deal with mobile group MTN over $3.9 bln fine
Wed Jan 27, 2016/Reuters By Alexis Akwagyiram Nigeria is open to an amicable out-of-court settlement with South Africa’s MTN over a $3.9 billion fine imposed on the cell phone operator, a top regulatory official said on Wednesday. This represents a thaw in a three-month standoff between Africa’s largest mobile operator […]
Nigeria’s Buhari to have final word on MTN’s $3.9 bln fine
January 26, 2016/Reuters Nigerian President Muhammadu Buhari will make the final decision on a $3.9 billion fine on South African cell operator MTN, the telecommunications minister said on Tuesday. Adebayo Shittu also told reporters that MTN might be advised to withdraw a court case filed against the fine. “If they […]
