Articles Posted in the " MTN " Category

  • MTN shares crash by 13%

    Shares in MTN Group have slumped more than 13 per cent, the company said on Friday in Johannesburg. In a statement, MTN said the expected fall in profit was due to under performance in Nigeria. It said that the underperformance was because it faced a 3.9 billion dollars fine for failing to cut off more […] Post from PM News

  • Wayne Rooney to earn £500k a week in China

      Manchester United are considering selling striker and captain Wayne Rooney in the summer after receiving a bid for the 30-year-old from a Chinese Super League club. Rooney could earn £500,000 a week as part of the deal. (Manchester Evening News) United must act fast if they want former Chelsea boss Jose Mourinho, 53, as […] Post from PM News

  • Between Governor Wike and INEC by Francis Balogun

    It will do our democratic experience a whole lot of good if concerted efforts are made not only to raise caution against surreptitious dissipation of energy that seeks to revert the gains of the electoral processes but to also ensure that records are put in the right perspective for the sake of tomorrow. That is […] Post from PM News

  • $3.9bn Fine: MTN hires top US attorney to challenge Nigeria

    MTN Group has hired a former top United States law enforcement official to help challenge a $3.9 billion fine imposed by Nigeria for failing to disconnect unregistered users, the Financial Times reported on Wednesday. Citing people familiar with the situation, the newspaper said former US Attorney General Eric Holder pleaded with Nigerian officials last month […] Post from PM News

  • Ogun State honours Oba Otudeko for outstanding contributions

    The Chairman of Honeywell Group, Dr. Oba Otudeko, CFR, has been conferred with a special recognition award by the Ogun State government in appreciation of his outstanding contributions to the development of the state and the country at large. This was part of activities marking the 40th anniversary celebrations of Ogun State, the ‘Gateway State’. […] Post from PM News

  • $3.9 Fine: MTN opts for talks with NCC after going to court

    Akin Kuponiyi South Africa’s telecom giant, MTN must be up to some pranks as it seeks to jaw jaw with the Nigerian regulator, the NCC, while at the same time pursuing a legal remedy in court over the $3.9 billion fine imposed on it for not registering 5.2 million phone lines. A Federal high court […] Post from PM News

  • We are not owing Cameroon govt taxes – MTN

    We are not owing Cameroon govt taxes – MTN

    South Africa’s MTN Group said on Thursday it was compliant with Cameroonian laws, a day after the central African nation said the mobile phone company owes money in taxes. “MTN Cameroon is not and has never been implicated in corruption-related actions, in the exercise of its activities,” MTN said in a statement. Cameroon’s anti-corruption commission […] Post from PM News

  • Cameroon fine Orange, MTN $160million

    The local units of mobile telecom companies Orange and MTN in Cameroon have been fined over $160 million for failing to pay taxes on games and gambling services, the Central African nation’s corruption board said on Wednesday. A wide-reaching probe into the sector led to fines totaling $283 million, and found other companies including Camtel […] Post from PM News

  • MTN Nigeria to declare $955m profit

    South African telecommunications group, MTN said on Tuesday its Nigerian business is likely to report about $955 million in annual profit after tax, confirming a newspaper report in the west African country. “Profit after tax figure for MTN Nigeria for the period ended 31 December 2015 being quoted in the press article, is 190 billion […] Post from PM News