MTN Group, responding in detail to allegations that the wireless carrier illegally moved more than US$14bn out of Nigeria, said central bank approvals were obtained before any dividends were issued. “No dividends were declared
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MTN Group may have illegally moved more than the previously claimed US$14bn out of Nigeria, a lawmaker said, citing early findings from an investigation into the allegation by international forensic experts. “We have realised from
MTN Group is considering abandoning the acquisition of Nigerian Internet provider Visafone Communications after the country’s industry regulator ruled that broadband spectrum shouldn’t be included in the deal, according to two
MTN Group is considering selling about $500m in shares of its Ghana business, according to people familiar with the matter. The company is approaching high-net-worth individuals in the country about
MTN has hit back at allegations emanating from Nigeria’s senate that it illegally moved almost US$14bn (about R188bn) out of the West African country. The company is accused of repatriating the funds over 10
MTN Group shares slumped the most in three months after Nigerian lawmakers raised new allegations about the wireless carrier, this time accusing the company of illegally moving almost US$14bn out of its largest market. Nigeria’s senate
MTN Group plans to gauge investor interest in a possible bond offering as Africa’s biggest mobile phone company by sales seeks funds to pay for dividends, capital expenditure and a record 330bn naira fine in Nigeria. The wireless operator
MTN Group, Africa’s biggest wireless operator by sales, and minority shareholders in its Nigerian business are seeking to raise about US$1bn in an initial public offering, a condition tied to the settlement of a record fine imposed by the West African government, people familiar with the plan said.
Operationally, the time-suck on executive leadership from the Nigerian fine fallout had nothing to do with its other units across Africa and the Middle East. It’s always managed to run its “OpCos” quite independently, which arguably has a few more
MTN Group will consider raising its full-year dividend above forecasts if business conditions improve after the settlement of a record fine in Nigeria led to the first-ever half-year loss at Africa’s biggest mobile phone