fine

The Nigerian Communications Commission, NCC, has defended its action to reduce the N1.04 trn fine on MTN Nigeria to N780 billion, saying it acted in the interest of the stability of the telecom sector. The commission said it weighed all pros and cons and arrived at a decision it considered...

Nigerian authorities have shifted the enforcement of $5.2 billion fine on South Africa’s MTN until negotiations have been concluded, the telecommunications company said on Monday. “Although the Nigerian Communications Commission set a deadline for payment of the fine by Monday, 16 November...

MTN Group President and Chief Executive Officer, Sifiso Dabengwa, resigned on Monday morning over the N1.04tn fine imposed on MTN Nigeria by the country’s regulatory body – the Nigerian Communications Commission, according to Punch Newspaper. A credible source at the MTN Group office said that...

Vice President Yemi Osinbajo says he is not in talks with MTN over the $5.2 billion fine slammed on it by the Nigerian Communications Commission (NCC). The Senior Special Assistant to the Vice President on Media and Publicity, Mr Laolu Akande, said this in a telephone chat with our...

Few days after the Nigerian Communications Commission slammed a N1.4 trillion penalty on MTN Nigeria for failure to disconnect customers with unregistered SIM cards, Parent company MTN group has cried out that the fine was too extreme, even as it continues to engage the regulator on how to...