₦airaland Forum

That didnt come from bloomberg.

It came from mgafrica which is published by a South African company.

SenseiX is a liar and a zombie.

Igbo shud reject finance minister, its trap to find a scapegoat

Mtn data share is available at affordable prices.I had 15gb of data on my sim i.M ineed of money currently to solve a little problem.Worked on all devices.Now that mtn is not costly i will sell it at cheap prices eg 3Gb 2000 2gb 1100 1Gb 700 500Mb 400 call or whatsapp 08104631102

searching4lovee:
[size=18pt]EVEN IF THE WHOLE ECONOMY CRASH, WE WILL STILL VOTE FOR HIM IN 2019. NEXXXT [/size]

As long as you'll suffer it with your family.

Chai

BOWOTO:
As long as you'll suffer it with your family.

orie loburu

feldido:
Bad for the Economy but MTN deserves all they've got

Exactly. If MTN leaves today, they wont be missed save their workers. MTN is a thieving network.

So far buhari has been doing nothing. too slow.

For any talk of the state of the economy to make sense, they had better not reference the empty hen penalties.

Can empty hen disobey the laws of its host country and go unpunished?
Why did nt Bloomberg and the referenced investors pity Nigerians when empty hen was milking the masses dry while at the same time flying the profits to SA?

Empty hen deserve what they got.

DSTV beware, the sanction when they come una way still dey do press up.

We have cried out with loud voices, no one seems to hear us.


Buhary is a complete failure.

A simple analysis should suffice here...MTN outrightly refused to bar lines with incomplete registration (a move necessary to track cases of crimes) because of their greed...They don't wanna lose out on the economic significance of the affected lines thus the ban is really appropriate...
Think about the number of cases that proved impossible to track due to incomplete SIM registration...
Think about how much MTN have made so far from such lines since the directive was due to be implemented...
MTN are guilty of outright disregard for the extant laws and regulations of Nigeria...I'm so in support of the fine...
In addition, a service provider that's so into corporate stealing like MTN deserves worst...How they send a text for a particular service plan and ask you to press ok for activation (hoping to benefit from any mistake on the customers part) without NCC doing nothing about it baffles me...MTN represents everything about mafia business...

Buhari, how far?

Is it change or short changed?

The elephant in the room is the fall in oil prices.....which means that govt will have to look for money to fund projects and pay salaries....which means that the taxes, and the fines would be collected properly this time.

Buhari should run an austerity government....with the aim of getting us off our dependency on oil. Simples.

They are realizing lately naa......

We the honorable wailers realized the flaws long time ago.

But I am optimistic that one day....just one day, Nigerians will become fade up and their lying will start hitting the woodwork

searching4lovee:
orie loburu

Reason before spilling trash, it's not about politics anymore.

Good for them. To whom it may concern.

chrisbaba1:
Exactly. If MTN leaves today, they wont be missed save their workers. MTN is a thieving network.

So far buhari has been doing nothing. too slow.

We have NTEL ready to take over.

But he is taking picture in india na is that not an achievment

doctokwus:
If the economy is said to be suffering under PMB,then under GEJ,by now,Nigeria would have stopped being called a country economically, politically and socially.
Economy under PMB wud always be 100x better than it cud have been under the fisherman.

wen a northerner speaks, it's not difficult to know.

Buhari by all indices does not understand that his laxity and indecision has really caused the nation a great deal of economic loss. during GEJ's administration, every investor coming to Africa always have Nigeria as the first point of destination. Rating Agencies like Rueters, JP Morgan and Fitch rated Nigeria high due to fast growth rate, better clarity of government policies such as: auto policy, power sector reform, sugar policy and gas based industrialization and improved civil service organization. i could remember attending expos and speakin wit various expatriates they highlighted how remarkable Nigeria has grown since the return to democracy and the upswing momemtum we've maintained since then. That seem to have slowed down. The growth of seemed to have slowed not just because of the plunge in oil price but the inconsistency and indecision of the current government. no one seem to understand where they are heading to. that in itself is the greatest contributor to slow growth rate. my humble contribution
It is my hope PMB realizes this before it's becomes too unbearable.

doctokwus:
If the economy is said to be suffering under PMB,then under GEJ,by now,Nigeria would have stopped being called a country economically, politically and socially.
Economy under PMB wud always be 100x better than it cud have been under the fisherman.

Keep deceiving yourself

Any lawless investor can do the needful, go and die.

basilo101:
Igbo shud reject finance minister, its trap to find a scapegoat

Duh, conspiracy theorist, we'll have more than one finance minister anyway.

hmm

I hope it is not only me that observe this, from may 29th to date is five month, after the pdp government was kicked out in the last general election, most Nigerian gain hopes that the nation will have a new era of leadership, not only for the fact that an opposition has taken up the leadership but the change mantra that the new government has come with it, the electoral promises made by the then apc presidential candidates , the hope that the corruption and insurgency will come to a halt, stabilization of world oil prices, regaining the value of the nation currency, unemployment, youth corps member special packages among others are some of the promises made by the present government during and after the electioneering.
During the electioneering the continue reading

make una no collect that money from mtn ooo!!! If u do, Then over the next 5 years, they will steal 20,000 Naira gradually from each of their 62 million customers n that will even pay d 1 trillion n stil give dem change ...

ExInferis:
That didnt come from bloomberg.

It came from mgafrica which is published by a South African company.

SenseiX is a liar and a zombie.

If you had any iota of a working brain you would see that Mail And Guardian Africa sourced the article from Bloomberg, a common practice in reporting.
Here is the link from Bloomberg itself
http://www.bloomberg.com/news/articles/2015-10-28/nigeria-risks-investment-with-brazen-5-2-billion-mtn-penalty
Now go and kill yourself, r.etard

Whilst I don't like the APC led government and most of their policies, I find that in this instance, this fine is very much in order. Companies must respect the laws of the countries they operate or face the consequences. In May 2015, 5 major banks, including Chase, were fined a total of $5.8b by the US government for contravening extant laws. Just this September, VW was fined a staggering $18b for cheating on their EPA emission standards and violating US clean air standards. BP were also fined $18.7b over the fatal gulf oil spill in 2010. History is replete of countries the world over fining errant companies. So the so called foreign investors should begin to realize that we cannot trade our legal responsibilities for their handouts

B00hari,APV and the North are killing Nigeria

Bloomberg should go and sit down in the gutter! How many investors have ran away from the US because of the recent fines imposed on VW?
If MTN likes, let them spend another N1trn in PR and propaganda all over the world trying to buy sympathy, it will not work.
They brazenly flouted a directive that has been fully complied by 3 other competitors and expect that it is business as usual. How do you explain that you allowed not 100, not 1000, but a whopping 5 million unregistered lines to remain active, long after the deadline has passed.
It will amaze some of you that if they declare the revenues they raked in from these illegal lines for all the periods in operations, you will even ask them to pay double of the fines.

I wish I can have the ears of Buhari on this; they MUST PAY UP, and if they like, declare bankruptcy and sell off whatever is left of their equity and move away. Nigerians can rebuild it from scratch.

I am really pissed off with these mindless capitalism that companies operate with in this country without consequences. Abroad, companies gets fined heavily for issues like this.
In case you are not aware, VW was fined $18bn, yes eighteen billion dollars! for flouting emission threshold rules and deceiving the regulator. This is how sane societies work, do the crime and enjoy the proceeds, but once you are caught, you do the time.

Nonsense. We fined MTN and suddenly Bloomberg concludes that the new administration lacks economic direction? What is next? The Economist will soon publish their own bullshit. Foreign investors must not violate the regulations of our economic policy.

The narrative of this thread does not match the title. MTN broke laid down rules and they were fined heavily. That is a clear "Economic Direction" if you are looking for one. The new direction is one of rule of law and transparency.Any investor that cannot cope with that can get the bleep out. MTN for one has made its original capitalization many times over at the expense of poor Nigerians and should be made to sit up and show some respect.