MTN To Settle Billion-Dollar Nigeria Dispute Out Of Court

A Lagos judge has adjourned a hearing in an U.S.$8.1 billion dispute between telecoms firm MTN and Nigeria's Central Bank until 12 December, after lawyers said they wanted to report back on settlement talks.  MTN and the Central Bank have been in a dispute since August over the transfer of the funds, which the bank said the company had sent abroad in breach of foreign exchange regulations, which MTN has denied any wrongdoing.

MTN Nigeria.


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