Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,206,603 members, 7,996,194 topics. Date: Thursday, 07 November 2024 at 05:02 AM

Trading In MTN Shares Suspended After $5.2bn Nigerian Fine - Investment (3) - Nairaland

Nairaland Forum / Nairaland / General / Investment / Trading In MTN Shares Suspended After $5.2bn Nigerian Fine (16960 Views)

N1.04trn Fine: Nigerian Lawyers Challenge NCC In Court / N1.04tn Fine: MTN Apologises, Seeks Leniency / MTN Seeks To Reduce $5.2bn NCC Fine (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by danidee10(m): 4:18pm On Nov 02, 2015
I think ncc was too harsh on them. Mtn might start sacking workers and hiking their tariff plans. One question I ask myself though. What will happen to that 1.4t trillion. Some greedy battery's will just divert the money to their account
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by deebsman1(m): 4:18pm On Nov 02, 2015
I can see u have not yet open your minds, so no need pushing what might have hit a brick wall from d beginning, no offence pls bruv
Mandyjosh:

what ae u tryin2 say now?
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by khalids: 4:24pm On Nov 02, 2015
Hello Pips, Ever since Linda Ikeji showed us the benefits of her blogging, everyone I know now wants to open a blog.
Na wa for people with copy and paste mentality.

Anyways this fellow in my office open his own "Block" (this is no error or typo) grin.
I don tell the guy make him learn to spell first before opening any blog.

Anyways see the blog link below feel free to bash him or encourage him (all na traffic)

http://davisonplat..com.ng/

You might also get some good sports prediction for all you sports betting lovers. Note, me don loose over 3k on this bros prediction ooo cry
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by magaliyu(f): 4:47pm On Nov 02, 2015
MTN how market?
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by samtemple(m): 4:55pm On Nov 02, 2015
Serious unemployment looming.
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by Adesiji77: 5:06pm On Nov 02, 2015
mrworldwide1:
grin Choi MTN has suffered in the hands of Nigerians

They have really suffered.... cheesy grin
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by Nobody: 5:21pm On Nov 02, 2015
ernesty20:
leave airtel out of this.. I buy 2gb for 1500..

What's the code to subscribe?
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by texazzpete(m): 5:30pm On Nov 02, 2015
Tonnniey:
No wonder MTN now charge me 28k/sec instead of the 12k/sec. I hope many Nigerians wont loose their jobs to these fine.
NCC should please take it easy on them ooo

You're a joker.
You'd better port to another network instead of running down your own country. Whose side are you on, anyway?
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by Reptyle(m): 5:35pm On Nov 02, 2015
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by anonym0us: 5:40pm On Nov 02, 2015
Bootybuttchic:
if they like they shld suspend phone recharge......


i still dey owe una credit....


let them pay the fine,Good for them,all my airtime that they have stolen....only them remain,stingy people....ordinary 1gb 1000#,they cannot activate ...


now they are paying these huge amount......i dont even think 1gb for 1000#will cost them 0% of this fine ....but stingyness na him go kill dem.

it remains that stupid airtel




as for now will be rocking glo.....even tho it can be slow sometimes....but will enjoy it with pride cool
cry of a frustrated Nigerian
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by Nobody: 5:42pm On Nov 02, 2015
danidee10:
I think ncc was too harsh on them. Mtn might start sacking workers and hiking their tariff plans. One question I ask myself though. What will happen to that 1.4t trillion. Some greedy battery's will just divert the money to their account
Divert 1.4trillion? haba
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by ernesty20(m): 5:47pm On Nov 02, 2015
dewisefrank:

What's the code to subscribe?
dial *435#
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by ceaser: 6:01pm On Nov 02, 2015
danidee10:
I think ncc was too harsh on them. Mtn might start sacking workers and hiking their tariff plans. One question I ask myself though. What will happen to that 1.4t trillion. Some greedy battery's will just divert the money to their account
NCC was not harsh on MTN at all. All the network operators knew well ahead the penalty for default of SIM card registration. The other three of the big four fearing what the sanctions for default will amount to hurriedly fell in line and met the deadline. The standard is set as a penalty of NGN 200k per unregistered subscriber active on any of the network providers. MTN deliberately held back 5.1 million unregistered subscribers. Ordinarily such SIM cards should have been deactivated and the affected subscribers expected to come and present 'emselves for registration, but I guess 5.1 million subscribers is a tad too difficult for MTN to let go, hence the reason for failure to meet the deadline.

Remember that the NNPC money that was "criminally" held in trust by FirstBank and UBA was so much that those banks must have though: "damn, this is cool untraceable cash about to leave our purses, so let's just keep it". They got fined 5% of the money amounting to 5 billion and 1 billion naira respectively.

Now to your next question: MTN doesn't have to necessarily fire staffs except they try to be vindictive. Neither will they hike tariffs. This is because there I already competing providers out there. They other big three will be willing to welcome subscribers from MTN who wishes to decamp for attractive tariffs, hence increase in revenue and new employments for "laid off" MTN workers and staff strength for those providers.

And to your third question: This money is not going into anyone's pocket. Things have changed and every penny generated is being accounted for.

Finally, it's high time Nigeria moved from significant reliance on crude oil to forms of revenue generation like corporate taxation as the UK does (like what is happening to MTN, FirstBank et al) and also introduce/increase VAT. Then use part of these ready made revenues to build every other sectors of revenue generation eg. Transportation, mining and industry (South Africa and China), agriculture (Malaysia), tourism (Dubai) etcetera etcetera.

2 Likes

Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by katerine7(f): 6:10pm On Nov 02, 2015
ernesty20:
not really


the thing is that whenever i load 1500 airtel for my fresh 2gb, they will give me bonus of 1500.

They will divide it for me jejelly. 750 will go to weekly bonus while 750 will go to weekend bonus.

Thats why i always defend my airtel whenever some people are talking trash about them
it is actually 3gb for 1500
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by ceaser: 6:13pm On Nov 02, 2015
katerine7:

it is actually 3gb for 1500

Is it blackberry plan?
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by Lakeland4321: 6:18pm On Nov 02, 2015
ceaser:
NCC was not harsh on MTN at all. All the network operators knew well ahead the penalty for default of SIM card registration. The other three of the big four fearing what the sanctions for default will amount to hurriedly fell in line and met the deadline. The standard is set as a penalty of NGN 200k per unregistered subscriber active on any of the network providers. MTN deliberately held back 5.1 million unregistered subscribers. Ordinarily such SIM cards should have been deactivated and the affected subscribers expected to come and present 'emselves for registration, but I guess 5.1 million subscribers is a tad too difficult for MTN to let go, hence the reason for failure to meet the deadline.

Remember that the NNPC money that was "criminally" held in trust by FirstBank and UBA was so much that those banks must have though: "damn, this is cool untraceable cash about to leave our purses, so let's just keep it". They got fined 5% of the money amounting to 5 billion and 1 billion naira respectively.

Now to your next question: MTN doesn't have to necessarily fire staffs except they try to be vindictive. Neither will they hike tariffs. This is because there I already competing providers out there. They other big three will be willing to welcome subscribers from MTN who wishes to decamp for attractive tariffs, hence increase in revenue and new employments for "laid off" MTN workers and staff strength for those providers.

And to your third question: This money is not going into anyone's pocket. Things have changed and every penny generated is being accounted for.

Finally, it's high time Nigeria moved from significant reliance on crude oil to forms of revenue generation like corporate taxation as the UK does (like what is happening to MTN, FirstBank et al) and also introduce/increase VAT. Then use part of these ready made revenues to build every other sectors of revenue generation eg. Transportation, mining and industry (South Africa and China), agriculture (Malaysia), tourism (Dubai) etcetera etcetera.
The most intelligent response so far, other nairaland responders should take note and not bore us with unintelligent remarks.

1 Like

Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by Nobody: 6:19pm On Nov 02, 2015
ernesty20:
dial *435#

Thanks. How the I make sure I get the bonus airtime? Also, after subscription, how do I check my data Balance?
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by Nobody: 6:27pm On Nov 02, 2015
ceaser:

Is it blackberry plan?
it works on bb,android and others devices,
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by bidexmimi(f): 6:30pm On Nov 02, 2015
Which job are people talking about sef..isit d slavery contract jobs where u can be sacked at any time, like d way dey decided 2 change contract to some Indian agency that would reduce salary and increase work hours..mcheeeeew i dnt pity dem
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by ernesty20(m): 6:31pm On Nov 02, 2015
katerine7:

it is actually 3gb for 1500
u see am.? And some people say airtel no dey try
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by danidee10(m): 6:34pm On Nov 02, 2015
olatunji21:

Divert 1.4trillion? haba

it seems you don't know nigerians, anything is possible i trust them grin
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by bidexmimi(f): 6:38pm On Nov 02, 2015
osemu8:
it works on bb,android and others devices,

Really, wats deir netwrk like cos am tired of Glo.
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by Nobody: 6:59pm On Nov 02, 2015
bidexmimi:


Really, wats deir netwrk like cos am tired of Glo.
airtel is very good,depending on the strength of the network in your area
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by Bootybuttchic(f): 11:15pm On Nov 02, 2015
ernesty20:
not really


the thing is that whenever i load 1500 airtel for my fresh 2gb, they will give me bonus of 1500.

They will divide it for me jejelly. 750 will go to weekly bonus while 750 will go to weekend bonus.

Thats why i always defend my airtel whenever some people are talking trash about them
seee u dere....awooof cheesy
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by daveP(m): 12:17am On Nov 03, 2015
CHELSEAFC

UBA

now MTN

who's next? An Airline? A popular restaurant/eatery? A tv station?

Rundown's era has begun.


we scientists are forever grateful for Hooke's law

Elastic limit exceeded and Gbam....
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by katerine7(f): 9:58pm On Nov 07, 2015
ceaser:

Is it blackberry plan?
yes u can also use it for android phones

(1) (2) (3) (Reply)

Earn Cool Money On Dollarcell / Is Bitcoin Mining More Profitable Than MMM 50% / China Plans Investments In Cross River

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 37
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.