Showing posts with label Commission.. Show all posts
Showing posts with label Commission.. Show all posts

Friday, December 4, 2015

MTN’s Nigeria fine increased again, to $3.9bn

THE Nigerian fine that precipitated a management shakeup at MTN has been increased again, to $3.9bn from the $3.4bn the company was told on Thursday it would have to pay by month-end.
 
MTN said on Friday that the latest amount was set out in a letter from the Nigerian Communications Commission late on Thursday, which superseded Wednesday’s letter that had reduced the original $5.2bn fine to $3.4bn.

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