Sign up for our free daily newsletter


Get the latest news and some fun stuff
in your inbox every day

MTN under investigation again in Nigeria

In the losing column near the top was MTN again, allegations from the Nigerian Senate Floor that the company has illegally repatriated 13.92 billion Dollars over a ten year period. What? As far as I understood it, the Nigerian Central Bank facilitates all of the ins and outs, right? They would know all the flows. The company this morning has suggested that the comments are completely unfounded and without any merit. Yech. More noise that detracts from the core business trying to empower ordinary citizens to get access to the internet. The more investment in the networks, the better and cheaper the internet will get for their users. Data in the developed world, where I am sorry to say this next part, is more business friendly, is more like a utility. And cheaper. So you use more of it across your devices and empower yourself. The better for ordinary citizens. The more you stifle business, the less they will invest. Yech, we watch it.


Other recommended stocks     Other stories about MTN