THE Federal Government on Thursday confirmed that MTN Nigeria had made a payment of N50bn towards resolving its protracted dispute with the Nigeria Communications Commission over a fine of N1.04tn. The Special Assistant to the Minister of Communications, Mr. Victor Oluwadamidare, made the confirmation in a statement made available. Oluwadamidare described the N50bn as part […]
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SOUTH African telecommunications firm, MTN has withdrawn its lawsuit against Nigerian Communications Commission (NCC) over a $3.9 billion fine and paid $250 million towards a possible settlement. A judge in Lagos last month gave both parties until March 18 to reach a settlement, after MTN had asked the court to arbitrate over the dispute, saying […]
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TELECOMMUNICATIONS giant MTN has hired a former United States Attorney General Eric Holder to help challenge the $3.9 billion fine imposed by the Nigerian Communications Commission (NCC) for failing to disconnect unregistered users, the Financial Times reported yesterday. Citing people familiar with the situation, the newspaper said Holder, the immediate past U.S. top law officer, […]
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The Federal Government on Tuesday gave conditions for an out-of-court settlement with MTN Nigeria in respect of the N780bn fine imposed on the company by the Nigerian Communications Commission for having 5.2 million unregistered subscribers on its network. At the resumed hearing of the suit it filed to challenge the fine, MTN’s lawyer, Chief Wole […]
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TELECOM firms operating in Nigeria should not put their desire to make profits above security concerns, President Muhammadu Buhari said on Tuesday. Nigeria has been pushing telecom companies to verify the identity of their subscribers amid fears that unregistered SIM cards were being used by criminal gangs in a country facing an insurgency from Boko […]
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SOUTH African telecoms group MTN said on Tuesday its Nigerian business is likely to report about $955-million in annual profit after tax, confirming a newspaper report in the west African country. “Profit after tax figure for MTN Nigeria for the period ended 31 December 2015 being quoted in the press article, stands at N190-billion ($955-million), […]
Read More The Federal High Court in Lagos on Tuesday barred MTN Nigeria Communications Limited from moving any funds from all banks in Nigeria abroad pending hearing of its suit challenging the N1.4trillion fine imposed on it by the Nigerian Communication Commission (NCC). Justice Mohammed Idris ordered parties to maintain status quo. “An order is hereby made […]
Read More MTN Nigeria said it has commenced the operation of special mega centres across the country for revalidating and updating customers’ subscriber identity module (SIM) registration details. It said its decision is guided by the national interest objectives of the exercise, adding that it will continue to make efforts to ensure that customers’ details meet specific […]
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Feelers emerged on Wednesday that Visafone was winding down operations and had sacked more than 83 per cent of its workers as part of its acquisition by the MTN Nigeria. Correspondent gathered that over 2,000 employees were disengaged with effect from January 5, 2016, and were paid three months’ salaries as severance package. The only […]
Read More A telecommunication maintenance engineer, David Nwawuisi, has revealed that he got an initial payment of N150,000 to install a Radio Biafra transmitter on an MTN mast in Ngwo, Enugu State. The 29-year-old, who was on the payroll of Ericsson, the firm managing mast sites for MTN, revealed this in a statement which he made to […]
Read More Nigeria said it was expecting telecoms giant MTN to meet a deadline for paying a record $3.9 billion fine which expires Thursday, despite the South African operator challenging the penalty in court. The Nigerian Communications Commission (NCC), the country’s telecoms regulator, had in October fined the firm for missing a deadline to disconnect 5.1 million […]
Read More The management of MTN says it will not pay the N780bn fine imposed on it by the Nigerian Communications Commission. The telecommunications firm stated this on Thursday in a statement released at 8pm, about four hours to the end of the December 31, 2015 deadline issued by the NCC. In a response to a media […]
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