5 results
- 6 Sept 2018
MTN: Our Story on CBN’s Letter on CCIs and AGF’s $2Bn Tax Compliance Demand
Following the receipt of the letter from the Central Bank of Nigeria on foreign exchange repatriation, MTN Nigeria (“the Company”) has today provided an update on the company’s position on the issue.…
- 10 Sept 2018
MTN Fights Back, Sues AGF, CBN over $10Bn Fine
MTN Group has applied to the Federal High Court of Nigeria to prevent local authorities from acting on claims that the company illegally moved $8.1 billion out of the country and owes $2 billion in…
- 30 Dec 2018
MTN Shares Rally as Telco Reaches Truce With CBN
MTN shares surged as high as 8.2 per cent on Thursday after it reached a truce with the CBN over allegations that it illegally transferred $8.1 billion of funds out of Nigeria. The embattled…
- 24 Dec 2018
CBN, MTN Reach Agreement over $8.1Bn Repatriation Order
Central Bank of Nigeria (CBN) has reversed the $8.1 billion repatriation order on MTN Nigeria Communications Limited, following the amicable resolution of issues relating to foreign exchange…
- 10 Sept 2018
MTN seeks Relief from Federal High Court against CBN & AGF
MTN Nigeria on Monday filed for an injunction against the Central Bank of Nigeria (CBN) and the Attorney General of the Federation (AGF), Abubakar Malami, following the government’s recent…