MTN’s $10bn Nigeria Fine May Threaten SA’s Financial Stability

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MTN’s $10bn Nigeria Fine May Threaten SA’s Financial Stability

« on: November 11, 2018, 07:02:44 AM »

MTN’s $10bn Nigeria Fine May Threaten SA’s Financial Stability

MTN group’s problems in Nigeria is a major challenge to South Africa’s financial stability, the rainbow nation’s central bank explained in its second semi-annual financial stability review published on November 7, 2018. In late September 2018, Central Bank of Nigeria (CBN) required $8bn of illegally repatriated dividends from South African groups MTN and Standard […]
The post MTN’s $10bn Nigeria Fine May Threaten SA’s Financial Stability appeared first on Leadership Newspaper and Nigerian News Network.

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