MTN maintains innocence against FG allegations, seeks legal intervention

MTN Nigeria, has today, 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 allegations of $8.1bn illegal fund repatriation and $2bn in unpaid taxes as well as a fine of N5.8bn levied against the four commercial banks involved in the transaction.

MTN kicks against $8.1bn demand, says all dividends were approved by CBN

MTN Nigeria says all dividends it paid to its shareholders between 2007 and 2015 were approved by the Central Bank of Nigeria (CBN).

The telco was reacting to the claim by the central bank that it illegally converted shareholder loans to preference share and repatriated $8.1 billion as dividends during the period under scrutiny.

NCC slashes call termination rate by 20%

Telecom consumers in Nigeria may soon enjoy lower call tariffs across the networks of MTN, Globacom, Airtel and Etisalat, New Telegraph has learnt. This came as the industry regulator, Nigerian Communications Commission (NCC) slashed call termination rates between the operators by 20 per cent.

Mobile phone subscription in Nigeria hits 147m – NCC

The Executive Vice Chairman, NCC, Prof. Umar Danbatta disclosed this during the NCC Special Day at the ongoing 29th Enugu International Trade Fair.