MTN is said to close in on $800m Nigeria settlement

2018-11-14 14:42

MTN is close to reaching a $800m settlement with Nigerian authorities over a claim it illegally transferred $8.1bn funds out of the country, according to a person familiar with the situation.

MTN inches closer to listing in Nigeria

2017-03-02 07:02

Africa’s biggest mobile-phone operator is moving closer to a listing on the Nigerian exchange, a move that could help it regain goodwill among Nigerians.

MTN denies it ‘illegally’ moved $14bn out of Nigeria

2016-09-28 09:11

Africa’s biggest mobile network MTN has hit back at reports about allegations that it illegally repatriated about R187bn out of Nigeria.

MTN denies paying bribe to reduce Nigerian fine

2016-09-23 13:07

The mobile operator has denied it paid a bribe to Nigerian officials to reduce its multi-billion dollar fine as part of settling a dispute over disconnecting unregistered SIM cards.

Nigerian fine, weak rand clobber MTN

2016-08-04 09:10

Africa’s biggest mobile network by subscribers has warned that its Nigerian fine woes and weak currencies are expected to dent its first-half results.

How MTN shaved billions off its Nigerian fine

2016-07-01 10:14

The entrance of former US Attorney General Eric Holder in helping to reduce the $3.9bn fine marked a change of strategy for the mobile network.

MTN to 'significantly' boost Nigeria spending in 2017

2016-06-15 09:47

MTN Group plans to substantially increase capital spending in Nigeria next year after agreeing to settle a $1.7bn fine in its biggest market.

Nigerian lawmakers give green light to MTN talks

2016-05-27 11:06

Nigeria’s House of Representatives said the country’s telecommunications regulator can restart talks with wireless operator MTN Group regarding a $3.9bn fine.

MTN near to hiring new CEO

2016-05-25 10:24

Embattled mobile network MTN Group says it is near to hiring a new chief executive officer after the previous head of the company quit late last year.

Former MTN CEO in R24m golden handshake

2016-04-25 12:44

Mobile network MTN paid its former group chief executive officer Sifiso Dabengwa R23.7m for 'loss of office' amid the company facing a multi-billion dollar fine.


MTN shakes off Nigerian ghost

2017-08-04 14:44

The telecoms giant experienced a boost in overall revenue of almost 7%. In SA, the group also saw an increase in data revenue growth of almost 19%.

Nigerian fine continues to weigh on MTN

2017-02-27 11:41

A Nigerian regulatory fine, foreign exchange losses and losing money from digital investments are key reasons behind MTN’s losses, the company said.

MTN accused of ‘illegally’ moving R190bn out of Nigeria

2016-09-27 15:24

MTN Group shares slumped the most in three months after Nigerian lawmakers raised new allegations about the wireless carrier.

MTN defends massive R1.3bn advisers’ fee

2016-08-07 12:38

Mobile network MTN has moved to defend the R1.32bn it paid to advisers to help it with negotiations over a multi-billion dollar fine in Nigeria.

MTN shares nosedive on profit warning

2016-07-19 10:39

Nigeria’s mega fine on mobile network MTN is still weighing on the company as it warned of forthcoming losses on Tuesday.

MTN finally hires a new CEO

2016-06-20 09:18

Africa’s biggest mobile network by subscribers, MTN Group, has finally moved to appoint a new chief executive officer following months of upheaval at the company.

MTN to list shares in Nigeria as part of fine deal, shares up 3%

2016-06-13 23:58

MTN will take immediate steps to list shares in Nigeria as part of a deal to settle a dispute over unregistered SIM cards and will also issue an apology, it says in agreement.

MTN promises that Nigeria fine 'won’t be repeated'

2016-05-26 07:45

Chairperson Phuthuma Nhleko says he can improve the mobile-phone company’s risk management and avoid a potential repeat of missteps that have led to a $3.9bn fine.

MTN’s success frays amid record Nigeria fine

2016-05-24 14:14

The drawbacks of the telecom provider's aggressive African and Middle East expansion have come back to haunt it as a multi-billion dollar Nigeria fine saga drags on.

Nigeria reinstates regulatory services to MTN

2016-03-15 17:06

Nigeria’s telecommunication regulator has lifted its suspension of services to MTN.

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