Mtn Nigeria Communications Ltd

A federal judge in Lagos has set Jan. 30 and 31 for the hearing of a $2 billion tax dispute between South Africa's MTN Group and the Nigerian government.

A federal judge in Lagos has set Jan. 30 and 31 for the hearing of a $2 billion tax dispute between South Africa's MTN Group and the Nigerian government.

Shares of MTN Nigeria <MTNN.LG> hit a three-month high on Friday after the telecoms company's offices partially reopened following a shutdown due to anti-South African attacks in the West African country.

Shares of MTN Nigeria hit a three-month high on Friday after the telecoms firm's offices partially reopened following a shutdown due to anti-South African attacks in the West African country.

South African companies MTN and Shoprite closed stores in Nigeria on Wednesday in the face of attacks targeting their premises in retaliation to similar violence in their home country.

Nigeria said on Wednesday it would boycott an Africa economic summit in Cape Town, intensifying a diplomatic row after a series of deadly attacks on foreigners in South African cities.

Nigerian police plan to boost security at embassies and foreign businesses in the country in the wake of violence targeted at South African-owned companies, the police said on Wednesday.

Nigeria's Vice President Yemi Osinbajo will boycott the World Economic Forum's Africa summit in South Africa over riots in the host country that have targeted foreign-owned businesses, Nigeria's foreign minister said on Wednesday.

The Nigerian division of South African telecom operator MTN said on Wednesday it will close all stores and service centres in the country until further notice after its facilities in three cities were attacked.

Nigeria's biggest telecoms firm MTN has launched a mobile money transfer service, targeting those without bank accounts, and said on Thursday it plans to become a payment services bank once it obtains approval from the central bank.

MTN Nigeria has launched a digital financial service to provide money transfers in Nigeria and said on Thursday that it plans to become a payment bank after it obtains approval from the central bank.

MTN Nigeria <MTNN.LG> has asked a Nigerian tax tribunal to rule on whether the company should pay corporate tax on a 330 billion naira ($1.1 billion) fine, a spokesman for the telecoms company said.

Nigerian shares steadied on Thursday, after two days of losses, as the biggest company Dangote Cement traded flat and the second biggest listed firm MTN Nigeria gained.

A subsidiary of MTN Nigeria has been awarded a licence by the country's central bank that would allow it to provide financial services, the telecoms firm said on Monday.

MTN Nigeria has appointed former telecoms regulatory chief Ernest Ndukwe as chairman-designate in a board shake-up following its debut stock market listing on the Nigerian bourse.

MTN Nigeria has appointed former telecoms regulatory chief Ernest Ndukwe as chairman-designate in a board shake-up, the telecoms provider said on Wednesday.

Airtel Africa shares fell sharply on Wednesday, a day after its debut $4.4 billion flotation in Lagos, mirroring a similar decline on the London stock market where the telecoms firm has its primary listing.

Airtel Africa shares fell 10% to 359.40 naira in pre-market bids on Wednesday after its debut $4.4 billion stock market listing on the Lagos bourse a day earlier.

Airtel Africa <AAF.L> listed on the Nigerian Stock Exchange on Tuesday in a 1.36 trillion naira ($4.4 bln) flotation turning the telecoms company into the bourse's third-largest stock by market value.