He y excise fine for MTN Nigeria

MTN Group faces a $2 billion (R31 billion) demand for taxes in Nigeria. It disclosed it had been in talks with Nigeria’s attorney-general about an investigation into tax compliance.

“In this process, his [AG] office made a high-level calculation that MTN Nigeria should have paid approximately $2.0 billion in taxes relating to the importation of foreign equipment ...,” MTN said. – Reuters