BREAKING :JSE halts trade on MTN Group

November 2, 2015 10:28 am1 comment
BREAKING :JSE halts trade on MTN Group

JOHANNESBURG, (CAJ News) – THE MTN Group’s woes emanating from its hefty fine in Nigeria have taken a new twist after the Johannesburg Stock Exchange suspended all trade of stock of the mobile network operator. John Burke, Director Issuer Regulation at the JSE, confirmed the development. “The JSE has halted all trading […]

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BREAKING : MTN Nigeria suffers new setback

7:31 am0 comments
Sifiso Dabengwa, Former  MTN Group CEO

ABUJA, (CAJ News) – MTN Nigeria has failed in its attempts to have its landmark N1,04 trillion (US$5,2 billion fine the Nigerian Communications Commission (NCC) imposed on it lowered, it has emerged. This follows a series of meetings between MTN management team from South Africa and Nigeria with the Vice […]

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MTN Nigeria: Shareholders must exercise caution

October 30, 2015 8:21 am0 comments
Sifiso Dabengwa, Former  MTN Group CEO

JOHANNESBURG, (CAJ News) – THE MTN Group reported its Chief Executive Officer, Sifiso Dabengwa, was now part of negotiations to resolve its problems in Nigeria, where its unit has been heavily fined. The Nigeria Communications Commission earlier this week slapped MTN Nigeria with a landmark fine equaling US$5,2 billion for the mobile network operator’s […]

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