Can MTN Nigeria Survive Multiple Fines?

The demand by the Central Bank of Nigeria is the latest setback as the bank has ordered MTN Nigeria and four banks to refund the sum of U.S.$8.1 billion alleged to have been illegally repatriated out of the country back to its coffers. This comes two years after Africa's biggest telecoms company, pleaded to pay more than U.S.$1 billion to end a dispute over unregistered SIM cards. MTN has vowed to stay in Nigeria, despite troubles.

MTN Nigeria.


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