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MTN and Central Bank of Nigeria reach tentative deal over reduction of USD 8 bln fines – report

Monday 12 November 2018 | 09:52 CET | News
The Central Bank of Nigeria (CBN) and MTN have reached a tentative agreement on the USD 8 billion fines imposed on MTN Nigeria for violating currency regulations, ThisDay reported. It cited sources as saying that MTN Group CEO and president Rob Shuter was in Abuja on 08 November and met with CBN Governor Godwin Emefiele to discuss the fines, which the South African Reserve Bank (SARB) has said could increase the risks to the country's financial system.

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Categories: Mobile & Wireless
Companies: MTN / MTN Nigeria
Countries: Nigeria
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