• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

MTN vs FG: We Dont Want To Kill MTN But We Want Our Money

Editor by Editor
January 27, 2016
in Business News
Share on FacebookShare on TwitterShare on Linkedin

MTN are ready to settle out of court, over the $3.9 billion fine imposed by the Nigerian Communications Commission (NCC), a top regulatory official confirmed to Reuters on Wednesday.

This statement opens up the possibility of an end to the dispute between the Federal Government of Nigeria and Telecoms giant MTN, which has been on since October last year.

Minister of Communications, Adebayo Shittu, said on Tuesday, that the Federal Government expects no out-of-court settlement with MTN over the $3.9 billion fine, unless MTN withdraws its lawsuit.

RelatedStories

GETMEDCO and Sterling Bank forge groundbreaking partnership to elevate healthcare access  

GETMEDCO and Sterling Bank forge groundbreaking partnership to elevate healthcare access  

July 3, 2025
Beta Glass 51st AGM: Doubles dividend to N1.76Bn as PAT surges 112% in 2024  

Beta Glass 51st AGM: Doubles dividend to N1.76Bn as PAT surges 112% in 2024  

July 3, 2025

NCC was however told late on Tuesday that MTN wanted an out-of-court deal, its executive vice chairman Umar Garba Danbatta said.

“Our lawyers communicated to us that indeed MTN is resorting to a settlement out of court,” Danbatta told reporters. “They (MTN) are trying to get this settled amicably.

“We have been since then informed by our own counsel that the honourable judge has granted the request for a settlement on the matter,” he said.

“The intention is not to kill MTN. We would like the industry to continue. We would like it to be vibrant and I think this is a matter that needs to be resolved amicably and we are working towards that,” he told Reuters.

Mr Shittu also said that President Muhammadu Buhari will have the final decision on the matter.

Editor

Editor

Related Posts

GETMEDCO and Sterling Bank forge groundbreaking partnership to elevate healthcare access  
Companies

GETMEDCO and Sterling Bank forge groundbreaking partnership to elevate healthcare access  

July 3, 2025
Beta Glass 51st AGM: Doubles dividend to N1.76Bn as PAT surges 112% in 2024  
Companies

Beta Glass 51st AGM: Doubles dividend to N1.76Bn as PAT surges 112% in 2024  

July 3, 2025
British pound, Naira
Currencies

Naira stuck at N2,200/£ as British pound faces correction  

July 3, 2025
BIG READ: Amidst drought in funding for Nigerian tech startups, stakeholders proffer 5 solutions
Sectors

African startups raise $365 million in June, marking best funding month in nearly a year 

July 3, 2025
Gas flaring
Energy

Nigeria to end gas flaring by 2030 through gas-centric strategy – NUPRC  

July 3, 2025
Weekly Stock Update: Nigerian Exchange Group record growth w-o-w, up by 0.48%
Equities

CUTIX, ELLAHLAKES, others rally 10% as All-Share Index reclaims 120,000 level 

July 3, 2025
Next Post
CBN Gov Godiwn Emefiele

CHANGE: Journey Of The Naira Since Buhari Became President

Comments 1

  1. Bar Baric says:
    February 6, 2016 at 8:56 am

    It’s obvious that MTN gets no justice in this matter. How can they say Buhari has the final say?! So they courts, and and every other avenue through which this issue is being pursued are at the end of the day, subject to whatever Buhari decides? How does MTN ten get fair hearing or fair treatment?

    It becomes more and more obvious everyday that this fine is just a desperate measure for the Federal Government to make up for its 2016 budget deficit.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • GETMEDCO and Sterling Bank forge groundbreaking partnership to elevate healthcare access  
  • Beta Glass 51st AGM: Doubles dividend to N1.76Bn as PAT surges 112% in 2024  
  • Naira stuck at N2,200/£ as British pound faces correction  

Follow us on social media:

Recent News

GETMEDCO and Sterling Bank forge groundbreaking partnership to elevate healthcare access  

GETMEDCO and Sterling Bank forge groundbreaking partnership to elevate healthcare access  

July 3, 2025
Beta Glass 51st AGM: Doubles dividend to N1.76Bn as PAT surges 112% in 2024  

Beta Glass 51st AGM: Doubles dividend to N1.76Bn as PAT surges 112% in 2024  

July 3, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics