MTN Group and its bankers have provided more documents that may reduce Nigeria’s US$8.1-billion claim on the carrier, which could be resolved soon, the Central Bank of Nigeria said on Sunday.
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The silence of Tesla’s board over the past two days after Elon Musk went on another Twitter tirade raises fresh questions about who has what it takes to oversee the unpredictable CEO.
A report on Thursday evening that Nigeria is playing hardball with MTN Group sent the wireless carrier’s shares tumbling more than 10% shortly after markets opened in Johannesburg on Friday.
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South African Airways has appointed Telkom chief investment officer Deon Fredericks as its new interim chief financial officer on secondment from the telecommunications operator.
Elon Musk has insulted the Securities and Exchange Commission days after settling a fraud lawsuit with the US agency, potentially imperiling a deal that allows him to remain Tesla’s CEO.
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Telkom is billing the national police service for two contracts that cover virtually the same work, five people familiar with the situation have said.
Nigeria’s central bank said MTN Group should not be given an injunction that would stop the wireless carrier from having to transfer $8.1-billion back to the West African country.
JSE-listed Net1 UEPS Technologies and QR-code payments specialist Zapper said on Thursday that they will launch a new company, called ZappGroup Africa, to white-label and expand Zapper’s technology across Africa.