MTN: No Going Back. - NCC

MTN Nigeria's fine equals 2 years profit for The MTN Group . It is also 25% of Nigeria's annual budget.

Serious figures for company and State.

Yesterday, in Lagos, the Spokesman for the Nigeria Telecommunications Commission ,NCC ,Mr Ogbodo said Nigeria "will not buckle from pressure from MTN to reduce the fine'

The measure,he said was to make sure businesses comply with Nigeria's regulations.

The money is enticing to a country that is broke,no thanks to commodity prices, a lack of an economic policy and import dependence.


The money is too much for MTN .The company's shareholders in South Africa, which include the managers of the nations largest pension funds, are making frantic efforts to see that there is a form of compromise.

Buy Nigeria will not yield according to NCC

MTN is already hurting. Beyond fallen share prices, the company is ramping up its global advertising with the big Networks.

Nigeria is its biggest market and it can't afford to lose its hold on it.

Nigeria has given the company November 16 to pay up.
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