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Tag: nigeria
South African mobile phone firm MTN to pay $1.7bn Nigeria fine
2016-06-10 16:59:44| BBC News | Business | UK Edition
South African telecoms firm MTN agrees to pay $1.7bn to Nigeria over unregistered Sim cards, after originally being fined $5bn.
MTN Nigeria agrees to pay NGN 330 bln fine over 3 years
2016-06-10 15:39:00| Telecompaper Headlines
(Telecompaper) MTN Nigeria has announced that it has reached an agreement with the government of Nigeria over its fine for failing to cut off unregistered SIMs. The operator said it has agreed to pay a total cash amount of NGN 330 billion over three years, which is the equivalent of USD 1.671 billion at the official exchange rate and USD902 million at the Lagos Parallel Market Rate. It will pay this to the national government in full and final settlement of the matter.
MTN brokers $1.67bn Nigeria fine deal
2016-06-10 02:00:00| Total Telecom industry news
South African operator agrees deal that slashes value of fine and allows it to pay in instalments.
Tags: fine
deal
nigeria
brokers
Oil prices rise due to supply disruptions in Nigeria and strong Chinese oil data
2016-06-08 01:00:00| Offshore Technology
Oil prices have increased due to ongoing supply disruptions in Nigeria after militant attacks and strong Chinese oil demand data.
Oando secures $476m facility from ten financial institutions in Nigeria
2016-06-07 01:00:00| Hydrocarbons Technology
Integrated energy solutions provider Oando has secured a N94.6bn ($476m) facility from ten financial institutions in Nigeria.
Tags: financial
facility
institutions
nigeria
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