Browsing: Nigeria Communications Commission

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MTN takes Nigerian authorities to court

MTN has decided to take the legal route to challenge a US$3,9bn fine imposed on it by the Nigerian Communications Commission. This is after it exhausted all other options to have the fine reduced, it said in a statement to shareholders on the JSE’s stock

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MTN confirms $5,2bn fine, shares collapse

Telecommunications group MTN has confirmed that the Nigerian Communications Commission has imposed a fine on its Nigerian subsidiary of a massive US$5,2bn (about R71bn). The confirmation of an earlier report published by Technology Times in Nigeria

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MTN said to be facing R71bn Nigerian fine

MTN’s share price was trading down by more than 5% at lunchtime on Monday after reports emerged from Nigeria that the telecommunications group is facing a fine of more 1,04 trillion naira