Market Insight

MTN Nigeria in the firing line, again

April 30, 2019  | Subscribers Only

Bashir Ali Bashir Ali Research Analyst, Service Providers and Platforms

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In 2018, MTN's Nigeria unit has continued to fall foul of the Federal government of Nigeria with fines being levied against MTN by both the Attorney General's office and the Central Bank of Nigeria. On 4th September 2018, Nigeria’s Federal government via the Attorney General’s office demanded that MTN pay USD $2 billion in tax arrears on imported equipment and payments to suppliers dating back a decade. MTN Group instead responded by filing for an injunction at the High Court and pointing to its total payments of around $700 million, over this same 10-year period, to fully settle said tax arrears.

MTN MTN Nigeria
Research by Market
Mobile & Telecom
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