MTN asks Nigeria to forgive its $1 billion fine

MTN Nigeria is asking for a review of a $1 billion fine for its failure to deactivate more than five million unregistered SIM cards.

It negotiated a discount, allowing it to list on the Nigerian Stock Exchange.

A company spokesperson said the fine will be written off as an operational cost and that MTN has paid everything it owes to the Federal Inland Revenue Service (Firs).

Firs have not yet responded to MTN’s request.

Nigeria – where it has 58 million subscribers - is MTN’s largest market.

The Money Show’s Bruce Whitfield interviewed Lee Kasumba, Host at Africa State of Mind.

For more detail, listen to the interview in the audio below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Nedbank expects South Africans to get poorer on average in 2019

Nedbank expects South Africans to get poorer on average in 2019

Nedbank cut its growth forecast for 2019 from 1.3% to 0.5%. The Money Show’s Bruce Whitfield interviews its CEO, Mike Brown.

South Africa is broke, increasing the odds of an IMF bailout

South Africa is broke, increasing the odds of an IMF bailout

The Money Show's Bruce Whitfield interviews Sygnia Group CEO Magda Wierzycka and Peter Attard Montalto (Intellidex).

Patrice Motsepe's African Rainbow Capital (ARC) buys 25% of Capital Legacy

Patrice Motsepe's African Rainbow Capital (ARC) buys 25% of Capital Legacy

The Money Show’s Bruce Whitfield interviews Alex Simeonides, founder and CEO at Capital Legacy.

How to calculate how much money you need to never have to work again

How to calculate how much money you need to never have to work again

How much is enough? Is there a simple calculation? Warren Ingram, a personal financial advisor at Galileo Capital, explains.

How to get a tax refund from Sars

How to get a tax refund from Sars

The Money Show’s Bruce Whitfield interviews Daniel Baines, author of “How to get a SARS Refund”.

What ‘fruitless’, ‘wasteful’, ‘irregular’ and ‘unauthorised’ expenditure mean

What ‘fruitless’, ‘wasteful’, ‘irregular’ and ‘unauthorised’ expenditure mean

When the Auditor-General says “fruitless and wasteful expenditure”; what does it actually mean? A dummies' guide...

Popular articles
Meet the inspirational creative duo behind 'Tonic Design'

Meet the inspirational creative duo behind 'Tonic Design'

Greg Gamble and Philippe van der Merwe join Refiloe Mpakanyane in studio.

Fitness was a career that chose me - 'Queen Fitnass'

Fitness was a career that chose me - 'Queen Fitnass'

Mapule Ndhlovu opens up about her life journey and how exercise changed not only her body, but her mindset for the better.

EFF issues one-line apology to journos after court order

EFF issues one-line apology to journos after court order

Anton Harber and Thandeka Gqubule won their defamation case over Mbuyiseni Ndlozi's party statement implying links to Stratcom.

Ugandan climate activist accuses media of racism after Davos photo crop

Ugandan climate activist accuses media of racism after Davos photo crop

WEF youth climate delegate Vanessa Nakate was cropped out of a group pic with her white peers, also featuring Greta Thunberg.

Letting go of your child who's headed for university and independence

Letting go of your child who's headed for university and independence

Nikki Bush has valuable tips on preparing not only your school-leaver but yourself for the journey into adulthood ahead.

Right to Sight pleads for more donations to conduct cataract surgeries

Right to Sight pleads for more donations to conduct cataract surgeries

Right to Sight trustee Dr Matt Young says they get donations at the most time but now need big sponsors.

Remains of Cato Manor 9 returned on anniversary of their hanging

Remains of Cato Manor 9 returned on anniversary of their hanging

The Cato Manor 9 were hanged in 1961 by the apartheid after taking part in an uprising on 24 January 1960.

Zakes Bantwini opens up about his latest single 'Amanga'

Zakes Bantwini opens up about his latest single 'Amanga'

The musician says he never writes songs about his personal life but this latest single is too personal for him.

Unisa extends registration deadline in the wake of union protests

Unisa extends registration deadline in the wake of union protests

Unisa acting director of communications Lusani Netshitomboni says they encourage students to register online.

Jacques Nienaber confirmed as new Springboks head coach

Jacques Nienaber confirmed as new Springboks head coach

Mzwandile Stick has been reappointed as an assistant coach while in an innovative inclusion, Felix Jones will continue but in a new role as a European-based coaching consultant.