Thursday, September 20, 2018

Tag "MTN fine"

    ‘CBN investigated MTN on three charges’ — Emefiele clears the air on $8.1bn sanction

‘CBN investigated MTN on three charges’ — Emefiele clears the air on $8.1bn sanction

Godwin Emefiele, governor of the Central Bank of Nigeria, says MTN was investigated over three allegations by the bank's committee of governors.In an interview with TheCable from China -- where he is attending the Forum on China-Africa Cooperation with President Muhammadu Buhari -- on Monday, the governor said the "painstaking investigation" into MTN's forex repatriation lasted 30 months.Emefiele told TheCable: “Our [...]

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    Malami to pay lawyers N500m over MTN fine

Malami to pay lawyers N500m over MTN fine

The federal executive council (FEC) on Wednesday approved the payment of N500 million legal fees to lawyers for the recovery of N330 billion fine from the Mobile Telecommunications Network (MTN).MTN was fined by the Nigerian Communications Commission (NCC) in 2017 for breaching directives on SIM registration.Abubakar Malami, minister of justice and attorney general of the federation, said this while briefing [...]

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Exchange Rates

September 20, 2018USDGBPEUR
INTERBANK360.45480.18420.32
LAGOS360485425
KANO361483423
PH362482423
ABUJA362481423
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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