Mtn in nigeria
Protesters demand SA citizens, businesses leave Nigeria
The National Association of Nigeria Students says it has given SA citizens 48 hours to get out, otherwise the attacks will continue.
MTN says in a statement that it is concerned by attacks on non-nationals both in South Africa and in Nigeria.
Nigeria’s investigating whether MTN unlawfully repatriated $13.92bn from Nigeria between 2006 and 2016.
A Nigerian lawmaker has accused MTN of transferring billions out of the country.
MTN has appointed Felleng Sekha as its new executive for regulatory affairs and public policy.
The firm has said it had successfully priced notes of $500 million maturing in February 2022.
The firm's Nigeria CEO Ferdi Moolman said the allegations are completely unfounded and without any merit.
MTN declined to comment on the decision of the Senate in Nigeria which is its biggest market.
MTN was initially fined $5.2b last October for failing to deactivate over 5 million unregistered SIM cards.
Africa's biggest mobile operator will spend R11.1bn to upgrade its network in Nigeria
MTN will also issue an apology to the Nigerian government and people within one month of the deal.
The fine of $1.67 billion will be paid over three years and is only around a third of the $5.2 billion figure.
In October, Nigeria fined the mobile phone operator about R78 billion for failing to disconnect users.
Phuthuma Nhleko took temporary charge of Africa’s biggest mobile phone networks operator in November.
Buhari says his govt was more interested in the security of ordinary citizens, rather than the MTN fine.
MTN South Africa says the company’s financial troubles in Nigeria have had a major impact on its brand
Last week, the mobile network announced it would make the down payment towards the $3.9bn fine.
Etisalat said it was in contact with the NCC to understand the logic of its decision to approve the MTN deal.
The Financial Times is reporting that former US Attorney General Eric Holder will represent MTN.