Business

MTN Nigeria shares drop to 5-week low as $2 billion tax case adjourned to Oct

Isaac UmunnaComment(0)

MTN Nigeria shares dropped to their lowest level in five weeks a day after a local court adjourned until October a case involving the telecoms firm with the government over a $2 billion tax dispute.

Shares in MTN, the local unit of South Africa’s telecoms group MTN Group, dropped 2.4% to 128.75 naira each, a level they reached on May 21. Reuters

Isaac Umunna

Related Articles
Business

Etisalat clears the air on brand use

Isaac Umunna

Embattled telecommunications service provider, Etisalat has cleared the air on the brand name use. The telco said in a statement made available to the media Monday that notwithstanding the recent changes withing the company, it is entitled to the Etisalat brand. The statement reads: “Emerging Markets Telecommunication Services Ltd. (EMTS), trading as Etisalat Nigeria is […]
Business

Why we launched ‘Slurp it Off’- Hollandia Yoghurt

Isaac Umunna

Chi Limited has said the need to meet the demand of its esteemed customers necessitated the launch another brand of Hollandia Yoghurt, “Slurp it off”, into the Nigerian market. The Hollandia Yoghurt “Slurp it off”, packed with healthy nutrition, nourishing vitamins, power of proteins, strength of calcium, and revitalising energy, according Chi Limited, is designed […]
Business

Brazil’s Petrobras nears $1.3 billion sales of African venture stake -paper

Isaac Umunna

Brazilian state-controlled oil company Petróleo Brasileiro SA is close to agreeing the sale of its stake in an African venture for around $1.3 billion, newspaper Valor Econômico said on Tuesday. Petrobras, as the company is known, owns 50 percent of Petrobras Oil & Gas BV, or Petrobras Africa. Grupo BTG Pactual SA holds a 40 […]