Nigerian Communications Commission (NCC) reduces fine imposed to MTN

910
2361

————————————–

Shareholders are advised that, after further engagements with the Nigerian Authorities, the NCC has reduced the imposed fine.

MTN has received a formal letter dated 2 December 2015 from the NCC informing the Company that, after considering the Company’s request, it has taken the decision to reduce the fine on the MTN Nigerian business from the original N1,040,000,000,000 (One Trillion, Forty Billion Naira) to N674 Billion Naira which has to be paid by 31 December 2015. The fine relates to the late disconnecting of 5.1 million MTN Nigerian subscribers in August and September 2015.

The Company is carefully considering the NCC’s reply, however the Executive Chairman Phuthuma Nhleko will immediately and urgently re-engage with the Nigerian Authorities before responding formally, as it is essential for the Company to follow due process to ensure the best outcome for the Company, its stakeholders and the Nigerian Authorities and accordingly all factors having a bearing on the situation will be thoroughly and carefully considered before the Company arrives at a final decision.

Shareholders are therefore advised to continue to exercise caution when dealing in the Company’s securities until a further announcement is made.

RELATED ARTICLESMORE FROM AUTHOR

910 COMMENTS

  64. Hi there, after reading this awesome piece of writing i am as well glad to share my knowledge here with friends.My personal website on technology: cellulite treatment at home reviews

  147. I know this if off topic but I’m looking into starting my own weblog and was wondering what all is needed to get setup? I’m assuming having a blog like yours would cost a pretty penny? I’m not very web smart so I’m not 100 sure. Any recommendations or advice would be greatly appreciated. Thank you

  153. I in addition to my pals appeared to be reviewing the great secrets located on your website and then before long I got a horrible feeling I never expressed respect to the blog owner for those techniques. These young men are already consequently excited to see all of them and now have in truth been taking advantage of them. We appreciate you being really thoughtful and then for deciding on these kinds of extraordinary issues millions of individuals are really desirous to be aware of. Our own honest apologies for not expressing gratitude to you earlier.

  191. I weigh up you complete a couple of relatively fascinating points. Not very countless folks would really engage keen on consideration this the way you just did. I’m truly impressed that there’s a lot regarding this subject that has been bare and you did it so properly, with accordingly considerably panache. Top-notch one, show gratitude you.

  198. Awesome blog! Do you have any hints for aspiring writers? I’m planning to start my own site soon but I’m a little lost on everything. Would you advise starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m totally confused .. Any tips? Appreciate it!

  540. How effective is clomiphene for women in treating female infertility? For women who are appropriately treated with Clomid, there are divers benefits: It’s a cost-effective treatment in search infertility, unusually when compared with other treatments like IVF. Clomid is an spoken medication, which makes it less invasive than other treatments. It can be prescribed about your OB-GYN or embryonic vigilance provider, in lieu of of needing to fit to a reproductive

  580. Is more taking viagra with alcohol better. More recently, results of a double-blind, placebo-controlled, flexible-dose about showed that 88% of men who initiated sildenafil at a dose of 50 mg increased their dose to 100 mg to improve efficacy, and 98% of those who increased their administer to viagra pills when will viagra go generic 100 mg remained on the higher dose.

  680. Have you ever heard of second life (sl for short). It is essentially a video game where you can do anything you want. sl is literally my second life (pun intended lol). If you want to see more you can see these second life articles and blogs

  684. Hello! Someone in my Myspace group shared this website with us so I came to check it out. I’m definitely enjoying the information. I’m book-marking and will be tweeting this to my followers! Exceptional blog and fantastic design and style.

LEAVE A REPLY

Please enter your comment!
Please enter your name here