mtn nigeria news

Central Bank Governor, Godwin Emefiele in a brief today revealed that the $8.1billion dividend MTN Group Limited illegally moved abroad may get reviewed. The Governor while speaking to journalists in London disclosed that the telecommunications giant and other parties involved had presented...

Today is October 1st, a special day in Nigeria’s history because it is the day the country gained independence from Great Britain. Already, President Muhammadu Buhari... Read more via Nairametrics – https://ift.tt/2zIeZI7 Get more: Nigeria Business News

We see different things even when we are looking at the same picture. When CBN asked MTN to return the $8.1 billion dividends it “illegally” repatriated between 2007 and 2015, I was not thinking about MTN or CBN. Rather, my mind was on Econet, the … Read more via The ScoopNG –...

Nigeria’s Central Bank Governor Godwin Emefiele said on Tuesday he was optimistic the bank would resolve a dispute linked to allegations that South African telecom firm MTN moved funds out of the country illegally. The bank month ordered MTN and its banks to bring $8.134 billion back into …...

MTN Nigeria Communications Limited (MTN Nigeria) which continues to categorically and unequivocally deny all charges related to the Central Bank of Nigeria (CBN) and Attorney General of the Federation (AGF) investigations into the company’s CCIs and unpaid taxes respectively has.... Read more...

Lagos has been described as the home of aquatic splendor and as part of efforts to … Read more via BusinessDay News – https://ift.tt/2MSI77q Get More Nigeria Metro News

According to the office of the Attorney General of the Federation, a whistleblower prompted an investigation into alleged MTN infractions that last week led to a demand for $8.1 billion taken out of Nigeria to be brought back.... Read more via TODAY.NG – https://ift.tt/2NN0Lu9 Get more...

Nigeria government said MTN should have paid approximately $2 billion in taxes relating to the importation of foreign equipment and payments to foreign suppliers since 2008. MTN Group is facing another demand from the Nigeria government over the payment of $2 billion … Read more via...

MTN Nigeria on the local bourse could be threatened by the latest regulatory crisis the operator is facing. Nigeria’s telecoms player MTN is at loggerheads with regulators over allegations of flouting regulatory procedures in … Read more via IT News Africa news alert –...

(Reuters) – MTN Group’s plan to list its Nigerian unit in an initial public offering this year is under threat after the central bank ordered the South African telecoms giant to hand over $8.1 billion allegedly sent abroad illegally, sources said. Nigeria’s central bank alleged that … Read...

As the fines imposed on four banks by the Central Bank of Nigeria (CBN) and its directive to MTN Nigeria to refund a total of $8.134 billion over MTN illegal capital repatriation continue to generate concerns, the Central Bank is being advised to properly investigate MTN payments and … Read...

Nigeria’s central bank alleged that MTN used improperly issued certificates to transfer funds out of Nigeria after the telecoms giant converted shareholder loans in its Nigerian unit to preference shares in 2007. MTN denies the allegations. Read more via Nigeria News –...

Telecommunication firm MTN, yesterday, refuted claims by Central Bank of Nigeria (CBN) that it illegally repatriated $8.1billion from its Nigerian operations to offshore investors, in collusion with four Nigerian banks... Read more via Vanguard News – https://ift.tt/2NziN2J Get more...

The shares of the MTN Group took a 25 per cent fall to a nine-year low of 86.50 rand Thursday, a day after the Central Bank of Nigeria (CBN) imposed a hefty $8.1 billion fine on its Nigeria’s subsidiary, MTN Nigeria, for forex infractions. … Read more via Thisdaylive – https://ift.tt/2wz8STL...

MTN Nigeria has denied its involvement in the illegal repatriation of dividends worth $8.1bn between 2007 and 2015. The telecoms company in a statement Thursday by its Public Relations Manager, Funso Aina, acknowledged the receipt of a letter from the Central Bank of Nigeria (CBN) regarding...

MTN Group shares plunged on Thursday following sanctions imposed on the company by the Nigerian government. Reuters reports that the group’s shares plunged to a nine year low by noon Thursday..... Read more via Premium Times Nigeria – https://ift.tt/2C0gjcl Get more: Nigeria Business News

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MTN Nigeria’s parent company, MTN Group Limited, is reportedly thinking about selling off its equities in one of Africa’s most dominant e-Commerce platforms, Jumia. This is coming at a time when the South Africa-based telecoms operator is equally considering an initial public offering …...

Contrary to speculations that MTN will list its shares August 2018, the listing may not take place this year, New Telegraph has learnt. The MTN Group, which released its half year result last week added a caveat to its listing this year. The Group in its review of … Read more via...

Acting Director-General of the Securities and Exchange Commission (SEC), Mary Uduk has tasked MTN Group on official filing of the Initial Public Offering (IPO) prospectus to the commission. Uduk, while reacting further over recent media reports that MTN Nigeria is good … Read more via The...