Close Menu
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact

Subscribe to Updates

Get the latest technology news from TechFinancials News about FinTech, Tech, Business, Telecoms and Connected Life.

What's Hot

Remittix Will Produce More Gains For Early Investors Than Pepe Coin & Shiba Inu Did

2025-08-30

Cardano Price Prediction For 2026 & Analysts Predict The Chances Of Dogecoin Reaching $1

2025-08-30

Top Cryptos To Invest In At The End Of August: SUI, Pi Coin, Hedera & Remittix

2025-08-30
Facebook X (Twitter) Instagram
Trending
  • Remittix Will Produce More Gains For Early Investors Than Pepe Coin & Shiba Inu Did
Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp RSS
TechFinancials
  • Homepage
  • News
  • Cloud & AI
  • ECommerce
  • Entertainment
  • Finance
  • Opinion
  • Podcast
  • Contact
TechFinancials
Home»Breaking News»Nigerian President to decide MTN’s fate
Breaking News

Nigerian President to decide MTN’s fate

Gugu LourieBy Gugu Lourie2015-11-25No Comments2 Mins Read
Share Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

 

Africa’s largest mobile phone operator MTN Group’s fate lies in the hands of the Nigerian President Muhammadu Buhari, who will take the necessary decision at the appropriate time in the best interest of the country, according to Africa’s biggest economy’s Minister of Communications Adebayo Shittu. By Staff Writer


“The issue is now before Mr President. He will take the necessary decision at the appropriate time. And the President would do what is best for the public interest,“ Shittu told the Nigerian Vanguard newspaper.

“The good thing is that MTN did not contest the fact that they had violated the regulations and guidelines. They never contested it. They admitted they were at fault. They apologized for their role in the saga and they made a commitment that what happened will never happen again. And of course, they made a plea for review of the payment terms,” he said.

The Nigerian Communications Commission (NCC) issued a R74.8bn fine to MTN last month for failing to disconnect five million unregistered SIM cards in a timely manner.

The NCC then set a deadline of November 16 for MTN to pay the fine but was extended until negotiations were completed.

Last month, MTN Nigeria recorded a marginal decline in its subscriber base to 62,5 million subscribers, due to the disconnection of 5,1 million subscribers at the end of August 2015 in line with industry-wide regulatory registration requirements. To date, 3,4 million of these subscribers have been reconnected.

“I don’t think there is any conflicting position on where government stands on the MTN issue. Recall that there were violations which were established against MTN. The violations were to the tune of five million subscribers. There are many countries where subscribers, in the entire country, are not up to half of the five million. In the case of Nigeria, we had more than five million violations,” Shittu told Vanguard.

“However, both the government and MTN are on the same page that rules have been broken in this instance.”

  • Email TechFinancials.co.za at [email protected]

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Gugu Lourie

Related Posts

BankservAfrica Rebrands As PayInc

2025-08-29

KZN’s First Supercar-Centric Luxury Residential Development Unveiled

2025-08-27

Government Pensions Administration Agency CEO Placed On Precautionary Suspension

2025-08-26

Airtel Africa & Vodacom Forge Landmark Infrastructure Partnership

2025-08-12

Volvo Is Opening A Full-Service Dealership In Gqeberha’s Moffett Retail Park

2025-07-17

Rise In E-Commerce Activity Boosts SA’s Supply Chain Sector

2025-07-16

South Africans Spent R20M Via Luno Pay Since Nov 2024 Launch

2025-06-24

Judge Slams RAF For Wasting Millions In Chaotic Court Cases

2025-06-10

Batohi Retracts NPA ‘Infiltration’ Claims After Minister Meeting

2025-06-08
Leave A Reply Cancel Reply

DON'T MISS
Breaking News

BankservAfrica Rebrands As PayInc

The financial market infrastructure giant BankservAfrica has officially been rebranded to PayInc. The launch, held…

KZN’s First Supercar-Centric Luxury Residential Development Unveiled

2025-08-27

Government Pensions Administration Agency CEO Placed On Precautionary Suspension

2025-08-26

Airtel Africa & Vodacom Forge Landmark Infrastructure Partnership

2025-08-12
Stay In Touch
  • Facebook
  • Twitter
  • YouTube
  • LinkedIn
OUR PICKS

SA’s Skhokho 2.0 Puts Enterprise AI In SME Hands

2025-08-28

Please Call Me: After 25 Years, Will SCA’s New Bench Silence ConCourt?

2025-08-26

Vodacom Invests R400M To Expand Network In Free State And Northern Cape

2025-08-26

Elon Musk’s Starlink Backs BEE Equity Equivalents, Not 30% Ownership

2025-08-18

Subscribe to Updates

Get the latest tech news from TechFinancials about telecoms, fintech and connected life.

About Us

TechFinancials delivers in-depth analysis of tech, digital revolution, fintech, e-commerce, digital banking and breaking tech news.

Facebook X (Twitter) Instagram YouTube LinkedIn WhatsApp Reddit RSS
Our Picks

Remittix Will Produce More Gains For Early Investors Than Pepe Coin & Shiba Inu Did

2025-08-30

Cardano Price Prediction For 2026 & Analysts Predict The Chances Of Dogecoin Reaching $1

2025-08-30

Top Cryptos To Invest In At The End Of August: SUI, Pi Coin, Hedera & Remittix

2025-08-30
Recent Posts
  • Remittix Will Produce More Gains For Early Investors Than Pepe Coin & Shiba Inu Did
  • Cardano Price Prediction For 2026 & Analysts Predict The Chances Of Dogecoin Reaching $1
  • Top Cryptos To Invest In At The End Of August: SUI, Pi Coin, Hedera & Remittix
  • Why Remittix, Solana, Avalanche, & Litecoin Are The Best Altcoins To Buy Today
  • Hoskinson Talks Network Future & ADA Plans As Price Drops With Top Investors Eyeing This New Altcoin
TechFinancials
RSS Facebook X (Twitter) LinkedIn YouTube WhatsApp
  • Homepage
  • Newsletter
  • Contact
  • Advertise
  • Privacy Policy
  • About
© 2025 TechFinancials. Designed by TFS Media.

Type above and press Enter to search. Press Esc to cancel.

Ad Blocker Enabled!
Ad Blocker Enabled!
Our website is made possible by displaying online advertisements to our visitors. Please support us by disabling your Ad Blocker.