MTN Group, the biggest telecommunication services company on the African continent, has successfully completed its listing on the Ghana Stock Exchange.
In its quarterly report for the quarter ended on September 30, 2018, and released on Monday, the telco said its listing process in Nigeria is currently facing challenges from the Central Bank of Nigeria (CBN).
“We successfully completed the listing of MTN Ghana. MTN Nigeria’s plans to list have been challenged by the
recent Central Bank of Nigeria and Attorney General of the Federal Republic of Nigeria matters,” MTN said in the report seen by TheCable.
“MTN remains committed to the listing in Nigeria and work continues in this regard. In the quarter, the group engaged extensively with authorities in Nigeria to deal with the matters they raised.”
During the quarter, the CBN alleged improper dividend repatriations by MTN Nigeria between 2007 and 2015 of $8.1 billion while the AGF alleged unpaid taxes on foreign payments and imports of approximately $2 billion.
MTN Nigeria has continued to deny these allegations and claims, stating that it remained resolute that it had not committed any offences and will continue to defend this position vigorously.
Residents of Osun State have demanded an answer from the state government over the award…
The Nigeria Customs Service, Sokoto/Zamfara Area Command, has released 15 seized trucks of grains in…
Two persons Hamim Auwalu, 26, and Ashiru Muhammad, 24, have been arrested by operatives of…
Abdul Ningi, the Senator from Bauchi Central, has stepped down from his position as the…
As part of its fight against fake products and consumption of substandard goods, the National…
The popular Wuse market in the Central Area of Abuja, the Federal Capital Territory (FCT) has…
This website uses cookies.