The telecommunications industry umpire made the disclosure in its Monthly Internet Subscribers Data for October, obtained by the News Agency of Nigeria in Lagos
Browsing: MTN
This was contained in the “Incoming and Outgoing Porting Activities of Mobile Network Operators” report obtained by the News Agency of Nigeria in Lagos
Gwarzo said the commission was willing to support the share sale as long as it was within local laws and advised the telecom firm to ensure retail investors were protected
Ojobo said that the 13 operators included: Airtel Network Limited, MTN Nigeria, Globacom Nigeria, Smile Communication, Visafone Communications, Ntel, Etisalat, Multi-Links, Starcomms, Danjay Telecoms, Gamjitel Limited, Megatech Engineering Limited and Gicell Wireless
MTN says it had suspended dividends payouts from Nigeria, where it runs the biggest wireless phone network and which generates…
Saraki disclosed this while opening the legislative hearing on the alleged repatriation of the funds by MTN in connivance with some Nigerian banks and individuals
Lawmakers in the Upper House of Nigeria’s parliament agreed on Tuesday to investigate the allegation that MTN, Africa’s biggest telecoms company, illegally transferred the money out of Nigeria
The Minister of Trade and Investment, Okechukwu Elenamah; the Founder of Diamond Bank, Pascal Dozie; Founding Partner, Aluko & Oyebode, Gbenga Oyebode; the Chairman, Aeromaritime Group, Victor Odili; and Ahmed Dasuki along with four banks have been accused of illegal repatriation of funds for MTN
So also did the Senate name the Minister in the cabinet of President Muhammad Buhari and the four banks alleged to have aided the alleged illegal repatriation of the money
Moolman said in a statement in Lagos that MTN’s attention had been drawn to an online report, alleging that a top official in the Presidency took bribe from the company to get the Federal Government to reduce the fine
The resolution followed a motion moved by Senator Dino Melaye (APC-Kogi), who relied on a point of order to make the allegations
The report showed that there was an increase of 182 in the Mobile Number Portability activities in June, as against the 41,396 activities in May
MTN had said in June its local unit would list on the NSE after agreeing to pay a reduced fine of $1.7 billion in a settlement with the Nigerian Government of a long-running dispute over unregistered SIM cards
According to MTN, its Rwanda Chief Executive, Gunter Engling, will assume the position of Acting Group CFO on Brett’s departure until a permanent CFO is appointed
The forum, which lobbies for black rights, criticised the mobile phone operator’s decision, saying it was retrogressive to plan for the exclusion of blacks in corporate boardrooms in South Africa
He said the Federal Executive Council decided to reduced the penalty against the telecommunications giant after realising the negative impact the burden could have on the nation, its people and the economy
Fijabi said the committee was irked by the Federal Government’s decision to conclude negotiations with MTN by reducing the fine from N1.4 trillion to N330 billion
Dabengwa quit in November after Nigerian authorities imposed a $5.2 million fine on MTN’s Nigerian unit in October
The statement said the withdrawal paved the way to continue settlement discussions with the Nigerian authorities towards an amicable resolution of the matter in the best interests of MTN and Nigeria
The statement said the lifting of the regulatory sanction was in no way related to the Subscriber Identification Module card non-deactivation fine