MTN Group’s record US$1,7bn Nigerian fine is about to get a whole lot cheaper. MTN rose the most in a week on Friday as investors prepared for a slump in the Nigerian naira after Africa’s second-biggest crude producer’s central bank said it will
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MTN will not list its subsidiary in Nigeria unless market conditions are sufficiently conducive to an initial public offering, the group’s interim executive chairman, Phuthuma Nhleko, told TechCentral
MTN Nigeria has agreed to pay a total cash amount of 330bn naira – the equivalent of $1,7bn (R25,1bn) at the official exchange rate, or R13,6bn on the parallel market – to settle the fine
MTN has launched a pilot broadcasting service using digital terrestrial television. The pilot, being run in Nigeria, follows the decision by the Nigerian Broadcasting Corporation to award its
MTN interim executive chairman Phuthuma Nhleko has defended the R23,7m golden handshake given to former CEO Sifiso Dabengwa, who resigned in November 2015 following a US$5,2bn fine
MTN Group said on Wednesday that it will appoint a new CEO by the end of June “at the latest”. In a note to shareholders ahead of the group’s AGM, MTN said the search for a new CEO was “well under way”. Former MTN CEO Phuthuma Nhleko
Phuthuma Nhleko will stay on as interim executive chairman of MTN until he has resolved the dispute with Nigerian authorities over a record US$3,9bn fine imposed on the telecommunications group’s Nigerian
A former councillor at the Independent Communications Authority of South Africa has lashed out at South Africa’s Sim card registration legislation, Rica, saying it has severely impacted ordinary
After the publication of its annual report this week, the headlines focused on former chief executive Sifiso Dabengwa’s R23,7m “golden handshake” following his resignation in November amid the MTN Nigeria fine fallout. We also learnt that chairman
MTN has reportedly come under fire from the Public Investment Corp (PIC) for giving its former CEO, Sifiso Dabengwa, a R23,7m golden handshake. Dabengwa resigned suddenly in November after the group’s Nigerian operation was fined US$5,2bn