Tag: FINE
N1.8bn fine imposed on Stanbic IBTC in national interest – CBN
The Central Bank of Nigeria (CBN) on Friday said the alleged deduction of N1.886 billion fine from Stanbic IBTC Bank’s account was in the...
DPR fines marketers N2.5bn for diverting over 9m litres of petrol
The Department of Petroleum Resources (DPR) has fined 20 marketers about N2.48 billion for diverting nine million litres of petrol.
DPR’s Director Mr Mordecai Ladan...
MTN returns to profit after recovery from Nigeria fine
Africa’s biggest mobile network operator by sales, MTN Group Ltd, said it returned to profit in 2017, recovering from a $1 billion fine it...
Contractors groan as MTN pulls out of multi-million naira projects
Many contractors working with MTN Nigeria have been dealt a crippling blow as the company adjusts its operations to cope with the N330billion fine...
FIFA fines Nigeria $31,000 for fan disorder during Cameroon clash
World football governing body, FIFA, on Monday fined Nigeria 30,000 Swiss francs ($31,000) for fan disorder at a World Cup qualifying game in Uyo...
Court fines Patience Jonathan for withdrawing suit against EFCC
Justice S. Seidu of a Federal High Court sitting in Port Harcourt, Rivers State, has imposed a fine of N50,000 on former First Lady,...
MTN must stay in Nigeria – Adebayo Shittu
Minister of Communications, Adebayo Shittu, has said Nigeria must not scare away MTN as lawmakers investigate alleged illegal money transfers just three months after...
Airtel fined N5million for unsolicited text messages
A Federal Capital Territory High Court sitting Maitama on Wednesday imposed a fine of N5 million on Airtel Nigeria Limited for violation of customer’s...
MTN denies bribing Abba Kyari with N500m to reduce fine
Mobile communication firm, MTN, has denied a report by Sahara Reporters that it gave N500million to Chief of Staff to the President, Abba Kyari,...
MTN appoints new CEO after resolving Nigeria dispute
South African mobile phone operator MTN Group named the head of Vodafone Europe as its new CEO on Monday, bringing in an outsider with...