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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)
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: |
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: They have really suffered.... |
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by Nobody: 5:21pm On Nov 02, 2015 |
ernesty20: 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: 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 |
An interesting analysis of the MTN situation: http://www.bloomberg.com/news/articles/2015-11-02/four-charts-that-show-why-mtn-s-nigerian-fine-matters-so-much |
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by anonym0us: 5:40pm On Nov 02, 2015 |
Bootybuttchic: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: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:dial *435# |
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by ceaser: 6:01pm On Nov 02, 2015 |
danidee10: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: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: Is it blackberry plan? |
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by Lakeland4321: 6:18pm On Nov 02, 2015 |
ceaser: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: 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: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: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: it seems you don't know nigerians, anything is possible i trust them |
Re: Trading In MTN Shares Suspended After $5.2bn Nigerian Fine by bidexmimi(f): 6:38pm On Nov 02, 2015 |
osemu8: 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: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:seee u dere....awooof |
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:yes u can also use it for android phones |
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