Banks, MTN Nigeria at Odds Over Who Ordered Phone Charges
Nigerian banks have denied asking MTN Nigeria to impose a new charge on customers for using the telecom firm's access codes to conduct financial transactions. MTN announced a U.S.$0,011 charge for every 20 seconds of using unstructured supplementary service data (USSD) bank codes, claiming it took the decision as requested by the banks.
The Chief Executive Officer of MTN, Rob Shuter, has said that despite the U.S.$8.1 billion fine imposed on the telecommunication giant by the government, it will apply for a ... Read more »
MTN Group shares have plunged to a nine-year low - a day after Nigeria ordered the mobile telecoms group to repatriate U.S.$8.1 billion that the authorities say was illegally sent ... Read more »
As revenues from voice-based mobile services decline, Vodacom, Orange and MTN have moved on new "digital transformation strategies" that will focus on content and services that ... Read more »
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