Nigeria will start new talks with South African mobile phone operator MTN “very soon” to settle a dispute over a $3.9 billion fine but the final decision rests with President Muhammadu Buhari, the communications minister said.
“It is (now) for government to meet with them and conclude negotiations,” telecommunications minister Adebayo Shittu said.
Last week, MTN said it had withdrawn a lawsuit against Nigeria over the fine, which originally stood at $5.2 billion.
MTN was fined for failing to disconnect unregistered SIM users and has paid $250 million towards a settlement.
China has agreed to invest in Nigeria following a visit from its foreign affairs minister to Nigeria - The country said this was in addition to earlier investments - Nigeria has withdrawn diplomatic relationship with Taiwan and agreed to the One China policy Wang Yi who is the Chinese foreign minister has promised that the country is investing $40 billion as part of the plan to deepen relationship with Nigeria. He made this comment during a press briefing with his Nigerian counterpart, Mr. Geoffrey Onyeama on Wednesday, January 11 adding that this money was in addition to $22 billion projects already invested. READ ALSO: China might refuse to give Nigeria $20bn loan Yi said: “China has already invested or financed a total number of $22billion projects here in Nigeria, another $23billion projects are on-going. In addition, we are also following up another over $40billion of investments, which are in the pipeline.” China to invest in Nigeria; Taiwanese office
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