MTN Archives — Page 4 of 4 — City Business News

September 17, 2018 No Responses

Labour Tasks MTN On Alleged $2B Tax Arrears, $8.13B Transactions

We at the Nigeria Labour Congress (NLC) hereby urge MTN Nigeria to comply without further delay the directive of the Federal Government to it to pay $2 billion in tax arrears as well as the $8.13 billion it was said...

September 11, 2018 No Responses

MTN Takes Nigeria To Court Over Alleged Illegal $10.1b FOREX Transactions, Taxes

MTN has urged the Federal High Court to restrain the Central Bank of Nigeria (CBN) and the Attorney-General of the Federation (AGF) from enforcing their orders that the telecommunication firm should refund $8.1 billion and $2 billon to the Federal...

September 6, 2018 No Responses

Citi Bank Nigeria Silent On Alleged Unauthorised Remittance Of FOREX

A response letter on the alleged unauthorised remittance of foreign exchange on behalf of MTN has been forwarded to the Central Bank of Nigeria (CBN) by the management of Citi Bank. However, the management of Citi Bank in a...

August 30, 2018 No Responses

Nigeria Sanctions Standard Chartered, Stanbic IBTC, Diamond Bank, Citibank, MTN

The Central Bank of Nigeria (CBN) has imposed sanctions totaling N5.87 billion on four banks under its regulatory purview and asked same to refund the sum of $8,134,312,397.63 for what it described as ‘flagrant violation of extant laws and regulations...

August 16, 2018 No Responses

MTN Secures N200B Deal With Citibank, UBA, 10 Others

MTN Nigeria on Wednesday in Lagos signed a seven-year medium term loan agreement of N200 billion with a consortium of 12 lenders. The lenders are: Citibank Nigeria, UBA, Diamond Bank, Ecobank, Fidelity Bank Plc First Bank, FCMB, FSDH Merchant Bank, Rand...

July 11, 2018 No Responses

Labour: MTN Must Respect Workers Rights

Tuesday, July. 10, 2018 marks the second day of the picketing of MTN offices nationwide by the Nigeria Labour Congress (NLC) and its civil society allies This press statement is intended to explain the reasons for this action as well...

July 9, 2018 No Responses

SEC Nigeria Faults Report On MTN, IPO

The Securities and Exchange Commission (SEC) has said neither MTN Nigeria Limited nor any of its advisers or representatives has filed any application with the Commission regarding an Initial Public Offering (IPO). The Commission in a Circular in Abuja weeke...

April 10, 2018 No Responses

NCC: MTN Pays N165B Out Of N330B Sim Fine

The Nigerian Communications Commission ( NCC) said that MTN has paid N165 billion out of the N330 billion fine imposed on it due to its inability to disconnect improperly registered SIM cards. Prof. Umar Danbatta, Executive Vice Chairman of NCC...

October 19, 2017 No Responses

NSE partner CSCS, Oando, AXAMansard, MTN, donates school to IDPs in Borno

As part of its Corporate Social Responsibility (CSR), the Nigerian Stock Exchange (NSE) has donated a school to the Borno State Government. The school, Maisandari Alamderi Model Nursery and Primary School, located in the Abuja Talakawa District of Maiduguri...

November 13, 2016 No Responses

Abubakar Umar drags MTN to court over unsolicited SMS, deductions

Former military Governor of Kaduna State, Abubakar Umar, has directed his Lawyers to sue MTN over unsolicited messages and alleged fraudulent deductions. According to Umar the practice has continued despite repeated assurances that it will not happen agai...