Teleology Exits 9mobile
Teleology Holding (led by former MTN Group executive, Adrian Wood) has pulled out of Nigeria’s 9mobile just weeks after its $301 million takeover of the firm with a…
MTN Resolves Nigeria dispute, Makes $53m Payment
South Africa’s MTN Group has resolved the dispute with Nigeria’s central bank and made a $53 million payment, the telecoms company said in a message posted on Twitter…
CBN Reaches Truce With MTN, to Implement N19.2 billion Notional Reversal Amount
The Central Bank of Nigeria has announced the resolution of its dispute with MTN Communications Limited, saying the company will now atone only for the illegal remittances…
$8.1bn Repatriation: Court Fixes Dec. 12 For Settlement in MTN vs CBN Case
A Federal High Court in Lagos on Tuesday, adjourned until Dec. 12, for report of settlement in the dispute between MTN Nigeria Communications Ltd, and the Central Bank…
$8.1bn MTN Fine: BMO Tasks Senate to Focus on its Core Duties of Legislation
The Buhari Media Organisation (BMO) has advised the Senate to desist from interfering with the executive in running of state affairs but to concentrate more on its…
CBN Requests Telcos to raise N5bn Capital Investment for Mobile Money Operations
The Central Bank of Nigeria has asked telecommunications companies that intend to deepen financial inclusion in the country through mobile money operations to make a minimum capital…
$10.1bn: MTN Sees Rise in Shares on Report that Nigeria Could Reduce Fine
Shares in South Africa’s MTN Group rose 2.6 per cent on Wednesday on a media report that Nigerian authorities could reduce the $10.1 billion sum they are demanding…
After 4-year drought, SAHCO set to list on Stock Exchange
Nigeria will next week break a 4-year drought for stock market listings when Skyway Aviation Handling Company (SAHCO) starts the process for making its debut on the Nigerian Stock Exchange….
Brexit Might be an Opportunity for Nigeria to Develop Broad and Deep Partnerships in Trade and Commercial Relationships- British Deputy High Commissioner
By: Theresa Igata Notwithstanding the many challenges to the ease of doing business in Nigeria and the recent ranking of the country in the latest World Bank Ease…
Nigeria, MTN intensify talks to settle $10.1bn dispute – Minister
Nigeria is confident of resolving a $10.1 billion dispute with telecoms firm MTN and sending a positive signal to foreign investors worried about the country’s demand for the money, its…