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MTN Nigeria has asked a Nigerian tax tribunal to rule on whether the company should pay corporate tax on a 330 billion naira ($1.1 billion) fine, a spokesman for the telecoms company said.
A Nigerian judge on Wednesday adjourned until Oct. 29 a case to resolve a $2 billion tax dispute between South African telecoms company MTN Group and Nigeria’s attorney general.
Smile Telecoms, a Pan-African telecommunications group with operations in Nigeria, Uganda, Tanzania and the Democratic Republic of the Congo, has announced the appointments of Mr. Ahmad Farroukh as Group Chief Executive Officer and Ms. Irene Charnley as Deputy Chairman, respectively, effective 1 June 2019.
MTN Nigeria is arranging local currency financing, the telecoms company said in presentation to investors as part of its stock market listing.
MTN Group has appointed South Africa’s former Deputy Finance Minister Mcebisi Jonas as chairman-designate in a board shake-up, the telecommunications provider said on Friday.
Uganda’s biggest telecommunications company MTN has denied government accusations it has been understating its revenues, insisting that it was fully meeting all its tax obligations.
Uganda’s security agencies and immigration department have deported the chief executive of the largest telecommunications company in the country over security reasons.
MTN confirmed Fouladi’s departure, which was announced by Rotterdam-based KPN earlier this month. But Singh has declined to comment.
Nigeria announced last month that it would allow telecom companies to provide banking services, aiming to give millions of Nigerians without bank accounts access to so-called mobile money services, a policy that has been very successful in Kenya.
Rob Shuter, the chief executive officer at MTN Group, says the group will acquire an independent banking licence in Nigeria by 2019.
The billions of dollars in fines owed by South African companies MTN and Standard Bank to Nigerian regulators could increase the risk to South Africa’s financial system, its central bank said on Wednesday.
Qatar Airways reported a loss of 2.3 billion Qatari riyals or 639 million dollars on Wednesday for the year ended March 31, as it grapples with the second year of an embargo by neighbours that has restricted its air routes and driven costs higher.
The Chief Justice of Nigeria, Justice Tanko Muhammad, will on September 23, 2019 swear in 38 lawyers as Senior Advocates of Nigeria.
Mr. Umar Dankane, Executive Director, Business Development and Portfolio Management of the Federal Mortgage Bank of Nigeria has said that the bank needs a N500 billion recapitalisation fund for optimal performance.
The Central Bank of Nigeria has announced the commencement of charges on deposits in addition to already existing charges on withdrawals.
Nasarawa State House of Assembly has approved the request of the state government to secure N5 billion bond from the capital market to undertake vital projects across the state.
Minister of State for Budget and National Planning, Mr Clem Agba, has said that the Federal government would maintain its benchmark of 60 dollars per barrel in spite of the sudden increase in the price of crude oil.
The Obi of Ogwashi-Uku in Aniocha South Local Government Area of Delta State, Obi (Prof.) Chukwuka Okonjo, has joined his ancestors.
Singer, Nazir Ahmad, popularly called Sarkin Wakan Kano, has been arrested for allegedly releasing two uncensored musical albums and operating an illegal studio.
The administrative machinery of the National Association of Nigerians Students (NANS) will relocate to Ado-Ekiti, the Ekiti state capital, in response to the killing of two students of the Federal University, Oye-Ekiti, its National Secretary, Comrade Yusuf Farouk said.
Former governor of Delta State, Chief James Onanefe Ibori, has assured the people of Delta Central that the Urhobo nation would produce the next governor of the state in line with the zoning arrangement in place, warning against distractions from a section of the polity.