How Nigeria took a bite out of MTN
Nigerian authorities last week shocked MTN with an order that it return $8.1bn in dividends to the country, sending the mobile operator’s shares crashing. Management says MTN has no plans to exit Nigeria and that the company is simply collateral damage in a tussle between its banking partners and the central bank. But is that all there is to it?
06 September 2018 - 05:00