Nigeria said it has resolved a dispute with Africa’s largest mobile operator over $8.13 billion (6.96 billion euros) which it accused MTN of illegally repatriating to South Africa. Africa’s biggest telecoms market Nigeria shocked MTN and foreign investors in August when it ordered it to refund the money, and fined four commercial banks involved in […]
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The MTN Nigeria and the Attorney General of the Federation case over a $2bn tax demand has been adjourned to February 7, 2019 as the presiding judge, Justice Saliu Saidu, was away on administrative leave. The Federal High Court in Lagos did not sit on Monday for the hearing of all applications as earlier scheduled […]
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Purported plans by the Federal Government to reduce the $8.1 billion fine imposed on the communication giant, MTN, to $800 million is causing ripples in the Senate, Daily Sun has gathered. It was learnt that the Federal Government, working through the Central Bank of Nigeria (CBN), may have concluded plans to cut the $8.1 billion […]
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Nigeria’s largest telecoms company, MTN, is due to pay a fresh ₦55 billion to the Nigerian Government in March, this year, correspondent has learnt. The payment, which must be paid latest by March 31, 2018, is in line with the continuation of its settlement of a ₦330 billion fine negotiated to be paid for violating […]
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