Impact of CBN-MTN face-off on Nigeria’s telecoms sector

PUBLISHED: Wed, 05 Sep 2018 11:56:20 GMT

The Central bank of Nigeria has asked MTN Nigeria to return alleged illegally repatriated funds of $8.1 billion dollars. The Apex bank also demanded that the telco giant pays $2 billion dollars in tax bill. This follows a statement by MTN that it has settled all fees owed to the country. Femi Oladehin, Partner, Investment Banking at Argentile Capital Partners joins CNBC Africa to discuss the implications of this on Nigeria’s telco space.…

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