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Tag: nigerian
Nigerian operators oppose plan for 9% tax on telecommunications
2019-10-07 08:49:00| Telecompaper Headlines
(Telecompaper) The Association of Telecommunications Companies of Nigeria (ATCON) has asked the government to drop the bill seeking to impose communication services tax (CST) on charges payable by consumers at the rate of 9 percent, reports CommunicationsWeek. ATCON said this would be another burden when on a subscriber base of 173 million. VAT at 5 percent already applies to voice, SMS and data services.
Tags: on
plan
tax
telecommunications
The Coca-Cola Co takes full control of Nigerian dairy group Chi
2019-01-31 10:54:00| Daily beverage news and comment - from just-drinks.com
The Coca-Cola Co has secured full ownership of Nigerian dairy and soft drinks business Chi, three years after first taking a minority stake in the company.
Tags: full
group
control
takes
MTN agrees settlement with Nigerian Central Bank
2018-12-27 09:48:00| Telecompaper Headlines
(Telecompaper) MTN Group said it has reached an agreement with the Central Bank of Nigeria (CBN) over the repatriation of USD 8.1 billion from Nigeria to South Africa allegedly in breach of forex rules, and is withdrawing its cautionary share trading warning. It has agreed to pay a notional reversal of the 2008 private placement of shares in MTN Nigeria at a net cost of some NGN 19.2 billion (USD 52.6 million) but without admission of liability. The CBN said that certain certificates of capital importation (CCIs) used in the private placement had not been properly issued.
Tags: central
bank
settlement
agrees
Heineken's Nigerian Breweries hits back after lottery commission seals head office
2018-11-28 18:25:00| Daily beverage news and comment - from just-drinks.com
Heineken-owned Nigerian Breweries has denied wrongdoing after Nigeria's lottery commission temporarily shut down the brewer's head office.
South African Reserve Bank says MTN's USD 10 bln Nigerian dispute poses risk to SA financial system
2018-11-08 09:13:00| Telecompaper Headlines
(Telecompaper) MTN Group's dispute with Nigerian authorities over USD 10 billion in repatriated funds and back taxes could increase risk in South Africa's financial system, depending on the outcome, the South African Reserve Bank said, according to Bloomberg. In its Financial Stability Review released in Pretoria, the bank said if MTN eventually repatriates the disputed amount to Nigerian authorities, this could affect its ability to meet its debt obligations, especially in South Africa.
Tags: system
south
financial
bank
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