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  MTN, whose debt stands at around 57 billion rand ($3.7 billion), has said the CBN’s allegations are without merit and it would hold talks with authorities to defend its position. Moody’s, which already has junk rating on MTN debt at Ba1, said without the refund, demand and the potential MTN, whose debt stands at around 57 bil find lion rand ($3.7 billion), has said the CBN’s allegations are without merit and it would hold talks with authorities to defend its position. Moody’s, which already has junk rating on MTN debt at Ba1, said without the refund, demand and the potential tax shortfall MTN would be able to repay approaching debt maturities over the next 12 to 18 months. News of the unexpected tax bill had sent MTN shares tumbling by as much as 7.5 per cent to an almost 10-year low. This is the second time MTN Nigeria would be running into troubled waters with the Nigerian government since it began operations in Nigeria 17 years ago. In October 2015, the telecoms giant was fi

  MTN, whose debt stands at around 57 billion rand ($3.7 billion), has said the CBN’s allegations are without merit and it would hold talks with authorities to defend its position. Moody’s, which already has junk rating on MTN debt at Ba1, said without the refund, demand and the potential tax shortfall MTN would be able to repay approaching webapex.net debt maturities over the next 12 to 18 months. News of the unexpected tax bill had sent MTN shares tumbling by as much as 7.5 per cent to an almost 10-year low. This is the second time MTN Nigeria would be running into troubled waters with the Nigerian government since it began operations in Nigeria 17 years ago. In October 2015, the telecoms giant was fined N1.04 trillion by the Nigerian Communications Commission (NCC) for failing to disconnect around 5.1 million subscribers from its network for n westernmagazine.org ot having been registered as of September 2015, as prescribed by the regulatory agency. The total sum was base