South Africa's President Jacob Zuma said the MTN fine in Nigeria has not caused tensions between the two countries and that it was being exaggerated, he said in a one-on-one interview with CNBC Africa.
The President of Africa's most advanced economy was in Nigeria by invitation of President Muhammadu Buhari on a two-day official visit.
WATCH: S.A's President Jacob Zuma discusses the outcomes of his visit to Nigeria
Mobile operator MTN was served with a hefty 3.9 billion dollar fine by Nigeria's telecommunications regulator for failing to deactivate unregistered SIM cards.
"MTN is a company working here [Nigeria], there are rules and regulations in this country, if it did not follow the rules, what is the problem? Why should we think there are now tensions between the two countries?" said Zuma.
He said: "It has not caused the tension between the two countries; it has caused the tension between the authorities who administered the law here and the company."
"Where the country takes a decision against a company which it agrees that it did not follow the rules, it was not compliant, why must it be made a big issue?
Zuma validated this by saying that even Nigeria's president had not previously made comment of the issue because he had never felt it was a national issue.
"I'm just saying, some of the elements that are identified as tensions, at times there is an element of exaggerating."