President Muhammadu Buhari, yesterday, ordered re-negotiation of
the N789 billion fine slammed on South African telecoms company, MTN, by
Nigeria Communications Commission, NCC. The President gave the
order at a joint news conference with South Africa’s President, Jacob
Zuma in Abuja, following which Nigeria and South Africa signed over 30
bilateral agreements.
This came as the South African President promised to return Nigeria’s confiscated arms purchase funds seized by the South African government.
Buhari also said the reluctance of MTN to register all subscribers’ lines within the deadline, was the reason for the sanction imposed on it by the NCC, noting that the delay led to the death of no fewer than 10,000 Nigerians in battle against Boko Haram.
President Buhari with President Jacob Zuma and Vice President Yemi Osinbajo as President Buhari hosts his South African counterpart Jacob Zuma to a State Banquet at the Presidential Banquet Hall on 8th Mar 2016
Also, the MTN Group has said that contrary to general perception, its Nigerian operation was running on a net debt of over N21 billion, adding that it was considering listing its Nigerian operations on the Nigerian Stock Exchange, NSE.
This came as the South African President promised to return Nigeria’s confiscated arms purchase funds seized by the South African government.
Buhari also said the reluctance of MTN to register all subscribers’ lines within the deadline, was the reason for the sanction imposed on it by the NCC, noting that the delay led to the death of no fewer than 10,000 Nigerians in battle against Boko Haram.
President Buhari with President Jacob Zuma and Vice President Yemi Osinbajo as President Buhari hosts his South African counterpart Jacob Zuma to a State Banquet at the Presidential Banquet Hall on 8th Mar 2016
Also, the MTN Group has said that contrary to general perception, its Nigerian operation was running on a net debt of over N21 billion, adding that it was considering listing its Nigerian operations on the Nigerian Stock Exchange, NSE.
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