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Posts Tagged "mtn"

HomePosts Tagged "mtn"

By Chijioke Ohuocha LAGOS, Feb 7 (Reuters) – MTN Nigeria discussed plans to list on the Lagos stock exchange at a board meeting on Wednesday and aims to launch the IPO this year, a company source told Reuters. Africa’s biggest mobile phone operator had planned to list its Nigerian unit in 2017, as part of […]

ABUJA, July 28 (Reuters) – Nigeria’s Senate has withdrawn a report that largely exonerated South African mobile phone giant MTN of accusations of illegally repatriating $14 billion and that rebuked the Nigerian central bank for regulatory failures. The report, presented to tby Reuters, was almost immediately sent back for further work because it did not […]

LAGOS, March 30 (Reuters) – MTN has made a payment of 30 billion naira ($98 million) to the Nigerian government in part settlement of a 330 billion naira fine imposed on the telecoms group for not disconnecting unregistered SIM cards, an MTN source told Reuters on Thursday. Africa’s largest telecoms company has already paid 80 […]

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Barring any unforeseen circumstances, telecommunications firm, MTN is expected to pay N30 billion in the next eight days, as part of the N330 billion fine it is currently paying to the Federal Government. Government had confirmed the earlier payment of N80 billion to its coffers in December last year, as part of the fine, which […]

* MTN’s 2016 earnings hit by $1.1 bln Nigeria fine * Firm facing another probe by Nigerian lawmakers * Declares dividend despite loss, shares up 10 pct * Expects subscribers to increase by 8.3 mln in 2017 (Adds dividend, subscriber forecast, shares, trader comment) By Tiisetso Motsoeneng JOHANNESBURG, March 2 (Reuters) – Africa’s biggest mobile […]

Indications have emerged that the MTN Group will not list the shares of its Nigerian unit on the Nigerian Stock Exchange (NSE) in 2017. This was made known by the Chief Executive Officer, Phuthuma Nhleko, at the annual meeting of the World Economic Forum in Davos, Switzerland. “We see ourselves as a partner to governments […]

Justice Abdulaziz Anka of the Federal High Court in Lagos has ordered the temporary forfeiture of the sum of N8 billion allegedly belonging to MTN Communications Limited to the Federal Government. The judge gave the order that the sum, suspected to be proceeds of unlawful activity, which are stashed in account number 0012005379 domicile in […]

The federal government says MTN had paid N80 billion of the N330 billion fine imposed on it for failing to deactivate more than five million unregistered SIM cards. Adebayo Shittu, minister of communications, disclosed this at a forum organised by NAN in Abuja. He said the company paid the sum for the first year. MTN […]

LAGOS Nov 28 (Reuters) – South Africa’s telecom group MTN has met with Nigeria’s Securities and Exchange Commission (SEC) to discuss a possible initial public offering and how it wanted to structure the share sale, the head of Nigeria’s SEC told Reuters. SEC director general, Mounir Gwarzo, said MTN had discussed the possibility of issuing […]

The Central Bank of Nigeria (CBN) has ordered the suspension of MTN Group dividend payment from the Nigerian subsidiary of the telecommunications giant, until further notice. In a quarterly update to shareholders, MTN Group said it was not guilty of the illegal repatriation charges levelled against it by the Nigerian senate, stating that the claims […]