The Senate Committee on Communications yesterday revealed that MTN Communications Nigeria Limited has proposed to pay N300 billion ($1.5 billion) in the ongoing negotiations between the company and Attorney General of the Federation and Minister of Justice, Abubakar Malami (SAN), on the N780 billion...

President Muhammadu Buhari, yesterday, ordered re-negotiation of the N789 billion fine slammed on South African telecoms company, MTN, by Nigeria Communications Commission, NCC. The President gave the order at a joint news conference with South Africa’s President, Jacob Zuma in Abuja, following which Nigeria...

The South Africa-based MTN Group said it had invested over $16 billion in Nigeria over the past 15 years of MTN Nigeria’s operations in the country, thereby contributing an estimated 4.5 per cent to its GDP. The Chief Executive Officer, MTN Nigeria Ferdi Moolman, disclosed...

South Africa’s MTN Group has set aside around 600 million dollars to cover the potential settlement of a fine in Nigeria, it said on Thursday, as it posted a more than 50 per cent drop in annual profit. Africa’s biggest wireless phone company is in...

The Nigerian Communications Commission (NCC) has said it is continuing talks towards the resolution of the N780 billion fine slammed on MTN. A statement by its spokesman on Monday by Tony Ojobo, said the “receipt of the amount, and withdrawal of the suit is without...

The Nigerian Communications Commission, NCC, has fined MTN Nigeria and Globacom Ltd a total of N34 million for breach of the Mobile Number Portability business rules and regulations. The regulatory body made this known in its “2015 Q4 Compliance Monitoring and Enforcement Reports’’ obtained by...