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Topic: MTN Expects Annual Loss Due to Fine on Nigerian Subsidiary  (Read 1435 times)

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MTN Expects Annual Loss Due to Fine on Nigerian Subsidiary
« on: February 09, 2017, 07:03:02 PM »
MTN Expects Annual Loss Due to Fine on Nigerian Subsidiary

MTN Group expects to report a full-year loss due to a $1billion regulatory fine in Nigeria and for under-performance both in Nigeria and South Africa, the company said yesterday. MTN had agreed in June to pay Nigeria a N330 billion (1.05 billion dollars at the time) fine for missing a deadline to cut off unregistered […]
Source: MTN Expects Annual Loss Due to Fine on Nigerian Subsidiary

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post culled from thisdaylive
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