MTN plunges after Nigeria orders refund of $8.1 Billion dividend
By Bloomberg
30 August 2018 |
10:30 am
MTN Group Ltd. plunged to a nine-year low after Nigeria’s central bank ordered the return of $8.1 billion it alleges Africa’s largest mobile-phone company illegally moved out of the country.
In this article
Related
26 May 2017
Dangote cement holds 8th AGM, declares a dividend of n8.50kobo per share.
13 Oct 2017
PZCussons approves N2Bn dividend to shareholders at 69th AGM.
31 May 2018
The three year strategic plan launched by the CSCS will drive efficiency, optimise and automate processes. That’s according to the Chairman Central Securities Clearing System , Oscar Onyema, who is also the CEO of Nigeria’s Stock Exchange.
30 Aug 2018
MTN Group Ltd. plunged to a nine-year low after Nigeria’s central bank ordered the return of $8.1 billion it alleges Africa’s largest mobile-phone company illegally moved out of the country.
8 Nov 2018
The Nigerian Senate on Tuesday set up a committee to investigate the alleged unauthorized withdrawal of $1.05 billion by the Nigerian National Petroleum Corporation, NNPC, from the account of the Nigerian Liquefied Natural Gas company, NLNG.
12 May 2019
On the side-lines of FBN Holdings’ 7th Annual General Meeting CNBC Africa's Christy Cole caught up with the CEO First Bank of Nigeria and Subsidiaries Adesola Adeduntan, to discuss the agenda of the meeting which covered dividend payments and re-election of the group’s directors.
Latest
1 day ago
Russian social media channels and media are sharing a doctored video that alleges Poland will form army units of "non-traditional orientation". We disprove these claims in this edition of Truth or Fake.
1 day ago
Germany recently said it will supply 14 Leopard 2 tanks to Ukraine. Soon after that, videos surfaced online purporting to show the tanks already en route to the embattled country.
1 day ago
We look at reactions in the Israeli press after nine Palestinians were killed during a raid in the West Bank. Also, singer-songwriter Rod Stewart calls for a change of government in the UK.
1 day ago
Ankara cited recent anti-Muslim and anti-Turkish activities in Europe as reasons for the travel warning. The move comes after four European countries updated their travel advice for Turkey.
1 day ago
Lawmakers already voted to bring elections forward to April 2024 from 2026, in the face of unrelenting protests sparked by former President Pedro Castillo's arrest.