MTN's Court Case Against Nigeria's Central Bank Postponed
A Federal High Court in Lagos has fixed December 4, 2018 to hear the suit filed by MTN Nigeria to challenge the U.S.$8.1 billion being demanded from it by the Central Bank of Nigeria over alleged forex remittances infractions. MTN has denied any wrongdoing, and filed a court case against the Central Bank.
Telecoms giant MTN has said that it is still engaging with Nigerian authorities to resolve a dispute over the repatriation of U.S.$8.1 billion which was allegedly taken out of the ... Read more »
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 ... Read more »
MTN Nigeria's troubles began when it was found that they didn't enforce the registration of SIM cards in the country. The registration, the government said, was one way in which to ... Read more »
The Chartered Institute of Stockbrokers has urged the telecom giant, MTN, to properly iron out its regulatory issues before coming to the stock market for public offering to ... Read more »
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