• Home
  • About Us
  • Schedule
  • News
    • Citi Sports
    • Citi Business
  • Citi TV
  • Audio On Demand
  • Events
Citi 97.3 FM - Relevant Radio. Always
No Result
View All Result
Citi 97.3 FM - Relevant Radio. Always
  • Home
  • About Us
  • Schedule
  • News
    • Citi Sports
    • Citi Business
  • Citi TV
  • Audio On Demand
  • Events
Citi 97.3 FM - Relevant Radio. Always

Nigeria’s $500m typing error over MTN fine

December 5, 2015
Reading Time: 2 mins read
Nigeria’s $500m typing error over MTN fine

Nigeria is MTN's biggest market in Africa.

Share on FacebookShare on TwitterShare on Whatsapp

Nigeria’s telecom regulator says it made a $500m (£330m) typing error when announcing a reduction in a massive fine imposed on Africa’s largest mobile operator, MTN.

The Nigerian Communications Commission (NCC) initially said the $5.2bn fine had been reduced to $3.4bn.

But NCC spokesman Tony Ojobo says the correct amount is $3.9bn (£2.5bn).

The original sanction was imposed in October for failing to cut off unregistered users.

The company has not yet commented.

Since the original fine, the South African company has made a number of senior managerial changes, which included the resignation of the MTN chief executive, Sifiso Dabengwa.

The fine was reduced after MTN complained to the NCC.

“There was a typo. The reduction should have been 25%,” Mr Ojobo told the Bloomberg news agency.

“We saw the mistake and had to fix it.”

The amount has to be paid by December 31.

MTN has 231 million subscribers in 22 countries across Africa, Asia and the Middle East. However, Nigeria is its biggest market.

In September, the company was named as most admired brand in Africa in the Brand Africa 100 awards, beating Samsung, while it was also awarded the continent’s most valuable brand, worth $4.6bn (£3bn).

MTN was South Africa’s second mobile operator when it was set up in 1994 after the end of apartheid.

It began its expansion across Africa four years later with operations in Rwanda, Uganda and Swaziland.
–
By: BBC

Tags: Palaver NewspaperSt Augustine's College
Previous Post

NDC, NPP can’t fix Ghana’s economic woes – Analyst

Next Post

Bill to regulate pilgrimages in the offing

  • About Citi FM
  • Archives
  • Audio on Demand
  • CITI OPPORTUNITY PROJECT ON EDUCATION (COPE)
  • Events
  • Heritage Caravan: Registration Form
  • Home
  • Schedule
Call us: +233 30 222 6013

© 2024 Citi 97.3 FM - Relevant Radio. Always

No Result
View All Result
  • Home
  • About Us
  • Schedule
  • News
    • Citi Sports
    • Citi Business
  • Citi TV
  • Audio On Demand
  • Events

© 2024 Citi 97.3 FM - Relevant Radio. Always