Body faults U.S, UK positions on fine against MTN
A civil society group, People’s Alternative Front (PAF), has faulted United States and the United Kingdom’s position on the row between MTN and the Nigerian government.
MTN shares rise by 2.6% on possible resolution of $10b demand
Shares of South Africa’s MTN Group rose by 2.6 per cent Wednesday, on the Johannesburg Stock Exchange, following media report of a possible resolution and reduction of the $10.1 billion claims on it in Nigeria. Bloomberg, while quoting a source, said the deal hasn’t been signed and could yet fall through. On Tuesday, the Group…
MTN closes in on $800 million Nigeria settlement
MTN Group Ltd. is close to reaching a $800 million settlement with Nigerian authorities over a claim it illegally transferred $8.1 billion funds out of the country, according to a person familiar with the situation. A deal hasn’t been signed and could yet fall through, said the person, who asked not to be identified as…
MTN to apply for mobile money licence in Nigeria
The Chief Executive Officer of MTN, Rob Shuter, has said that despite the challenges the telecommunications firm is facing in Nigeria, it will, next month, apply for a mobile-money licence.
Senate condemns FG’s move to reduce MTN’s fine
The Senate has condemned attempt by the Federal Government to reduce the $8.1 billion fine imposed on the communication giant, MTN, to $800 million.
Changing face of information technology in Nigeria
As technology continues to evolve and the world becomes even more digital, questions are often raised regarding Africa’s role in this digital revolution.
MTN launches device financing with Sterling Bank, PayJoy
In a bid to make smart phone acquisition easier, and convenient for Nigerians, Sterling Bank, MTN, PayJoy have partnered to launch ‘Device Financing; Pay Small Small’.
Court adjourns MTN’s suit against FG, CBN to December 4
Justice Saliu Saidu of a Federal High Court sitting in Lagos has fixed December 4, 2018, for hearing of the preliminary objection filed by the Central Bank of Nigeria (CBN) and other pending applications in a suit earlier instituted by MTN Nigeria.
MTN relaunches XtraValue proposition
To further deepen customer experience, MTN has relaunched its XtraValue proposition in Lagos, and presented top Nigerian actress, Dakore Egbuson-Akande as the face of XtraValue in the latest TV commercials.