MTN Fine: Aftershocks

Shares of MTN were suspended, over the $5.2 billion fine imposed on it by Nigeria

This is coming in the wake of reports that the company is willing to pay the fine the deadline of which is November 16.

A conflicting report in Abuja today says that the company is finding ways to lower the fIne.

Africa companies are notorious for not being responsible to shareholders. The South African government is even investigating the company for possible insider trading.

So say that some shareholders were warned ahead of the fine and quickly unloaded their stocks before they crashed.

$5.2 billion is a record fine for any company, least of all in Nigeria.
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