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South African mobile phone firm MTN to pay $1.7bn Nigeria fine

2016-06-10 16:59:44| BBC News | Business | UK Edition

South African telecoms firm MTN agrees to pay $1.7bn to Nigeria over unregistered Sim cards, after originally being fined $5bn.

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MTN Nigeria agrees to pay NGN 330 bln fine over 3 years

2016-06-10 15:39:00| Telecompaper Headlines

(Telecompaper) MTN Nigeria has announced that it has reached an agreement with the government of Nigeria over its fine for failing to cut off unregistered SIMs. The operator said it has agreed to pay a total cash amount of NGN 330 billion over three years, which is the equivalent of USD 1.671 billion at the official exchange rate and USD902 million at the Lagos Parallel Market Rate. It will pay this to the national government in full and final settlement of the matter.

Tags: years pay fine nigeria

 
 

MTN brokers $1.67bn Nigeria fine deal

2016-06-10 02:00:00| Total Telecom industry news

South African operator agrees deal that slashes value of fine and allows it to pay in instalments.

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Northumbrian Fine Foods to boost baking production capabilities of Gateshead facility in UK

2016-06-09 01:00:00| Food Processing Technology

UK-based gluten-free biscuit manufacturer Northumbrian Fine Foods (NFF) is enhancing the baking production capabilities at its Gateshead facility.

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S. Korea bans sales of Nissan Qashqai diesel over emissions; imposes fine, files complaint

2016-06-07 15:56:35| Green Car Congress

Tags: sales fine files korea

 

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