Wednesday, September 19, 2018

Tag "NCC fine"

    After turbulence, MTN records significant profit

After turbulence, MTN records significant profit

MTN Group, South African telecommunications company, says it has recovered from the losses suffered in 2016 and recorded profit in the first half of 2017.In 2016, the company recorded its first loss in its 22 years existence and blamed the N330 billion regulatory fine imposed on it by the federal government for the loss.The Nigeria Communication Commission (NCC) imposed the fine [...]

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    MTN posts $200m full-year loss —  first in 22 years

MTN posts $200m full-year loss — first in 22 years

MTN Group has announced that it lost $200m in 2016 – the first full-year loss of the company in its 22 years of existence.TheCable had earlier reported that the South African telecommunications company was expecting a full-year loss as a result of the N330bn regulatory fine imposed on it by the federal government.In 2016, the Nigeria Communication Commission (NCC) imposed the fine [...]

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    MTN blames ‘imminent’ full-year loss on NCC fine

MTN blames ‘imminent’ full-year loss on NCC fine

MTN Group says it is expecting to report a full-year loss because of the N330bn regulatory fine imposed on it by the federal government.In a statement released on Wednesday, MTN said the fine took 4.74 rand from full-year earnings per share.The telecommunications outfit was fined N330bn for its failure to disconnect 5.1 million unregistered SIM cards.In 2016, it recorded a [...]

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Exchange Rates

September 18, 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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