0
Wireless

MTN received Central Bank of Nigeria approval to repatriate funds in 2017

Tuesday 4 September 2018 | 14:57 CET | News
MTN Group and four lenders gained approval from the Central Bank of Nigeria to repatriate funds in a ruling in 2017, indicating that the operator is at least now complying with regulations that it is accused of flouting prior to 2015, reports Bloomberg. In a letter addressed to MTN Nigeria's CEO dated 22 February 2017, the central bank confirms the validity of the company's certificates of capital importation, which are needed to take funds out of the country.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: MTN Nigeria
Countries: Nigeria
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

MTN agrees settlement with Nigerian Central Bank

Published 27 Dec 2018 09:48 CET | Nigeria
MTN Group said it has reached an agreement with the Central Bank of Nigeria (CBN) over the repatriation of USD 8.1 billion from ...

Nigerian court fixes new date for MTN USD 8 bln repatriation case

Published 31 Oct 2018 11:53 CET | Nigeria
A Nigerian High Court in Lagos has adjourned till 04 December the court hearing for the dispute between MTN Nigeria and the ...

MTN Group adds 2.5 mln subscribers in Q3, service revenue up 10% in first 9 months

Published 29 Oct 2018 09:05 CET | Africa
MTN Group said it has added 2.5 million new subscribers in the third quarter, to serve 225.4 million people in 21 countries in ...

South African government ready to intervene in MTN Nigeria dispute

Published 11 Sep 2018 11:11 CET | South Africa
The South African government says it is ready to intervene in the dispute between the MTN Group and the Nigerian government, if ...

MTN Nigeria files for High Court injunction against repatriation of funds

Published 10 Sep 2018 16:31 CET | Nigeria
At the same time, the AGF has alleged unpaid taxes on foreign payments and imports, and has demanded that approximately USD 2.0 ...

Central Bank of Nigeria debits bank accounts for helping MTN to repatriate funds

Published 10 Sep 2018 09:26 CET | Nigeria
The Central Bank of Nigeria has debited NGN 2.4 billion in fines from Standard Chartered and NGN 1.2 billion from Citigroup for ...

Nigerian attorney general says MTN owes USD 2 bln in back taxes

Published 05 Sep 2018 09:47 CET | Nigeria
MTN Group said the office of Nigeria's Attorney General (AG) calculates that MTN owes USD 2 billion in back tax related to the ...

MTN to stay in Nigeria despite troubles

Published 04 Sep 2018 13:21 CET | Nigeria
MTN Group CEO Rob Shuter said the company is committed to Nigeria even as the operator considers how to respond to an order to ...

MTN denies improper repatriation of funds from Nigeria

Published 30 Aug 2018 11:19 CET | Nigeria
MTN Nigeria has denied any improper repatriation of funds, after the Central Bank of Nigeria (CBN) ordered the return of USD 8.1 ...

Central Bank of Nigeria orders MTN, banks to refund USD 8 bln in repatriations

Published 30 Aug 2018 11:14 CET | Nigeria
The Central Bank of Nigeria has ordered Citigroup, Standard Chartered, Stanbic IBTC Holdings and Diamond Bank to refund more than ...





Calendar   /   Industry Events

20 Aug Africa Peering and Interconnection Forum
22 Aug Vocus FY results
22 Aug Sky NZ FY results
22 Aug Sunrise Q2 2019
22 Aug VMware fiscal Q2
22 Aug China Telecom H1 2019
23 Aug Mobilezone H1 2019
25 Aug VMworld 2019 US
26 Aug Amaysim FY results
26 Aug Chrous FY results
26 Aug Bezeq Q2 2019
27 Aug Partner Communications Q2 2019
27 Aug Ooma Q2 2019
27 Aug MNF Group FY results
27 Aug ZTE H1 results
27 Aug Hewlett Packard Enterprise fiscal Q3
27 Aug Aviat Networks fiscal Q4
27 Aug Tamedia H1 2019
27 Aug Connected Health Summit
29 Aug Tele Columbus Q2 2019
29 Aug Dell Technologies fiscal Q2
29 Aug Bouygues Telecom Q2 2019
29 Aug Cyfrowy Polsat Q2 2019
29 Aug Tech Data fiscal Q2
29 Aug Marvell Technology fiscal Q2
29 Aug Axiata Q2 2019
29 Aug Tele Columbus AGM
::: More Calendar Items