nigeria

  1. Hanno Labuschagne

    Uber funding Nigerian startup Moove with up to $100 million — Report

    Uber funding Nigerian startup Moove with up to $100 million — Report Uber Technologies Inc. is in talks to back African vehicle-financing startup Moove in a funding round of as much as $100 million (R1.93 billion), said people familiar with the matter. The US ride-hailing firm will join a...
  3. skimread

    TB Joshua: Megachurch leader raped and tortured worshippers, BBC find

    https://www.bbc.com/news/world-africa-67749215 Dozens of ex-Synagogue Church of all Nations members - five British - allege atrocities, including rape and forced abortions, by Nigeria's late TB Joshua. The BBC's findings over a two-year investigation include: Dozens of eyewitness accounts of...
  4. Hanno Labuschagne

    MTN fighting back against Nigerian R904-million back-tax bill

    MTN fighting back against Nigerian R904-million back-tax bill The Naira’s plunge weighed on the earnings of Nigeria’s biggest wireless carriers. MTN Group Ltd. increased its estimate of unrealised foreign-exchange losses in Nigeria and restated its earnings per share for the six months through...
  5. Hanno Labuschagne

    Nigeria slaps MTN with another big back-tax bill

    Nigeria slaps MTN with another big back-tax bill MTN Group Ltd., Africa’s largest wireless carrier, said it’s reviewing a demand by a Nigerian tribunal for unpaid taxes. The Lagos-based Tax Appeal Tribunal ordered MTN to pay $72.6 million (R1.39 billion), according to documents seen by...
  6. S

    International crackdown on West-African financial crime rings

    International crackdown on West-African financial crime rings The INTERPOL-coordinated operation, yielding more than 70 arrests, confirms the global footprint of Black Axe and similar organized crime groups. Lyon, France: Behind the headlines that emerged earlier this month on the arrest of...
  7. S

    Nigerian man and owner of Hydro Lounge nightclub, Abdul Samson Olatunji and his accomplice, Adedayo Quandri, sentenced to 15 years jail term in South

    Nigerian man and owner of Hydro Lounge nightclub, Abdul Samson Olatunji and his accomplice, Adedayo Quandri, sentenced to 15 years jail term in South Information reaching Kossyderrickent has it that popular Nigerian nightclub owner-convicted scammer, Abdul Samson Olatunji, and his accomplice...
  8. S

    Hushpuppi - the Instagram influencer and international fraudster

    https://www.bbc.com/news/world-africa-58553109 Hushpuppi - the Instagram influencer and international fraudster Ramon Abbas - known to his 2.5 million Instagram followers as Hushpuppi - is considered by the FBI to be one of the world's most high-profile fraudsters and faces a prison sentence...
  9. J

    MTN Nigeria lawsuit to go forward

    MTN Nigeria lawsuit to go forward The Federal High Court of Nigeria has rejected the Notice of Preliminary Objection filed by the Attorney General of the Federation (AGF) in response to MTN Nigeria's lawsuit. MTN announced the case is now scheduled to be heard on 26 June 2019.
  10. J

    MTN plans Nigeria IPO after $2-billion tax issue is resolved

    MTN plans Nigeria IPO after $2-billion tax issue is resolved MTN Group Ltd. plans to push ahead with an initial public offering of its Nigeria unit in April or May once Africa’s biggest wireless carrier resolves a $2 billion tax dispute in the country. When the tax matter has been settled...
  11. J

    MTN wants to launch banking services in Nigeria

    MTN wants to launch banking services in Nigeria Is MTN Group Ltd. on the verge of being chased out of its biggest market? Not a bit of it, according to Chief Executive Officer Rob Shuter. Shrugging off the small matter of $10.1 billion of claims against Africa’s largest wireless carrier in...
  12. J

    MTN shares plummet due to pressure from Nigeria

    MTN shares plummet due to pressure from Nigeria MTN Group Ltd. is facing mounting pressure to transfer $8.1 billion to Nigeria after the country’s central bank argued the South African wireless carrier should pay interest on dividends it said were repatriated illegally. The stock dropped the...
  13. J

    MTN considers scrapping its Nigerian IPO

    MTN considers scrapping its Nigerian IPO MTN Group Ltd., the wireless carrier facing a combined $10 billion in claims from Nigerian authorities, said it may no longer seek to raise capital through an initial public offering on the country’s stock exchange. Africa’s largest mobile-phone company...
  14. J

    Nigeria seeks resolution to $8.1-billion dispute with MTN

    Nigeria seeks resolution to $8.1-billion dispute with MTN Nigeria wants to end a dispute with MTN Group Ltd. over a claim that Africa’s biggest wireless carrier illegally transferred $8.1 billion out of the country, an indication relations between the two parties have started to thaw. The...
  15. J

    Nigerian authorities have gone too far - MTN

    Nigerian authorities have gone too far - MTN The Nigerian Attorney General’s office exceeded its powers when it demanded MTN Group Ltd. pay about $2 billion in back taxes, Africa’s largest wireless operator said. The South African mobile-phone company has been rocked twice in the past two...
  16. J

    MTN reopens Nigeria offices after violent protests

    MTN reopens Nigeria offices after violent protests MTN Group Ltd. reopened offices in Nigeria that had been closed since Monday due to violent protests by labor groups against Africa’s largest mobile-phone company by subscribers. Staff were assaulted and properties vandalized during the...
  17. Kevin Lancaster

    Nigeria lifts MTN regulatory services suspension

    Nigeria lifts MTN regulatory services suspension Nigeria’s telecommunication regulator has lifted its suspension of services to MTN, the mobile network said on Tuesday.
  18. Kevin Lancaster

    South Africa and Nigeria lead in online retail

    South Africa and Nigeria lead in online retail While mobile money has taken off significantly in Africa and continues to grow, a new trend – digital currency – is also gaining popularity.
  19. Kevin Lancaster

    Infrasonic weapon caused TB Joshua’s church collapse: Nigerian academic

    Infrasonic weapon caused TB Joshua’s church collapse: Nigerian academic An “infrasonic weapon” caused the collapse of a church’s guest house in Lagos where 81 South Africans were killed last year.
  20. I

    Card cloning suspect taken by surprise

    WTF Isn't racist to say they are African? I thought ALL the news papers in SA obey the "gentleman's agreement" regarding race disclosure and criminal activities. http://www.iol.co.za/news/crime-courts/card-cloning-suspect-taken-by-surprise-1.1558656
  21. I

    16 women freed from ‘baby factory’

    How much are you prepared to pay for a new born, Nigerian child? On the 'black market' they go for 2000 to 2500 Rand. WTF My puppy was more expensive. How on earth can humans behave like that? And are this babies bought to be used for 'muti' on the 'local' market? Africa is both, sick and...
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