₦airaland Forum

WannaHowzit:
MTN has informed shareholders that Ghana has backed down on a GHS8.2 billion (R11.7 billion, N312 billion) back-taxes claim, including interest and penalties.

Ghana temporarily withdrew the tax assessment to provide a 21-day timeline to allow for “further engagements” with MTN.

“Shareholders are advised that following extensive and productive discussions held during this 21-day period between MTN Ghana, MTN, and relevant authorities in Ghana, the [Ghana Revenue Authority] has on 3 February 2023 fully withdrawn the assessment,” MTN said in a statement on Friday.

“MTN would like to further assure Shareholders and other stakeholders of MTN Ghana’s commitment to the highest standards of tax compliance and responsible corporate citizenship,” the company said.

“MTN and MTN Ghana would like to thank all stakeholders involved for the support and collaboration to arrive at this amicable and mutually satisfactory full withdrawal of the assessment.”

South Africa Issued Warnings

The announcement comes after South Africa’s foreign affairs ministry weighed in on the dispute with a warning to the Ghanian authorities.

Naledi Pandor, the Minister of International Relations and Cooperation, said it was extremely concerning that South African companies were being targeted by governments like Ghana’s with exorbitant tax claims.

The Department of International Relations and Cooperation (Dirco) highlighted that South Africa is one of Ghana’s most significant investors, with interests in several industries, including mining, communication, retail, and franchising.

“According to the Ghana Investment Promotion Centre, there are over 100 South African companies registered and operating in Ghana, employing over 19,087 Ghanaians and 510 expatriates,” it said.

Dirco also said that South African companies have taken on more than 170 projects in the country — valued at over $1,431,523,166 (R25 billion) in capital investment.

It expressed concern that competitors of South African companies from other parts of the world do not appear to be subjected to the same “challenges”.

South Africa’s foreign affairs department then warned that such “unfavourable conditions” in other African countries have led to South African companies disinvesting from them, often with devastating consequences for the nation in question.

The potential fine represented about 5% of MTN’s market capitalisation, and the government’s decision “removes a threat to this year’s shareholder returns,” Bloomberg Intelligence analyst John Davies said in a note.

Ghana is Cash-Strapped

Ghana’s cash-strapped government has been demanding some of the nation’s largest companies to pay millions of dollars of back taxes. Gold Fields Ltd., Kosmos Energy Ltd. and Tullow Oil Plc have received similar bills. All of the companies dispute the government’s claims.

Ghana lost access to international capital markets because of its ballooning debt and loan-service costs. The government has been forced to allocate most of its revenue to service an estimated 576 billion cedis of public debt.

It is restructuring most of its obligations amid a slump in the cedi, and is seeking a $3 billion loan from the IMF.

African countries must look inwards for revenue and not laze about depending on cheap money like taxes.

They even back dated the tax with penalties yet they probably don't have a good alternative source of mobile communication should MTN leave their land.

nlfpmod:
https://twitter.com/realFFK/status/1621563178994786306

Somehow this might be sabotage.

ASAPFERG:
https://www.lindaikejisblog.com/2023/2/police-arrest-two-suspects-for-allegedly-possessing-and-selling-counterfeit-n1000-notes-photos-2.html

Death sentence or life imprisonment would bring sanity.

ASAPFERG:
https://www.lindaikejisblog.com/2023/2/police-arrest-two-suspects-for-allegedly-possessing-and-selling-counterfeit-n1000-notes-photos-2.html

Any note that can be forged means the CBN failed us.
They.even used it to buy petrol.

CBN spent billions to print something that can be forged. This is wickedness. It has never been this bad in Nigeria before.

Omicronvaccine:
Man Slumps And Dies At Bank In Delta After Waiting Several Hours To Withdraw Cash (Photo)

A yet to be identified man allegedly slumped and died at a bank in Agbor, Delta state after waiting for several hours to withdraw cash, IGBERETV reports.

The incident happened inside the banking hall on Thursday afternoon, February 2, 2023.

Facebook user, Omole Mike, shared a photo of the deceased and wrote;



https://www.facebook.com/100006426575726/posts/pfbid0LL2YP7LfVqiq64qGc5dCJRRWVvVzaxiVcMEp6quWWWzKsmTfrUM2HHhveFCKaponl/?app=fbl

They didn't do riot?
Delta people no reach Edo levels.

He died frustrated to collect his own money, now bank has turned to ritualist.

Islie:
https://punchng.com/nigerians-lament-bank-app-crashes-as-transaction-failure-persists/?amp

Nigerian government never learns. A hungry man is an angry man. If this situation continues for 2 more weeks, ah. End sars will be child's play.

Corrinthians:
https://thenationonlineng.net/no-sit-at-home-for-february-poll-ipob-declares/

If that is so, then declare Simon Ekpa a saboteur and have him captured dead or alive before February 20, otherwise you are all clowns.

Luckysbab:
Is that a boy or a girl though?

Seriously. That's clearly a girl.

Missgeraldine:
Very brilliant boy...unlike the unintelligent owomida urchins on this nairaland making here uncomfortable for me.

I don't like them

Your eye dey pain you? Who is a boy?

VeryWickedSimp:
I can sue the employer on his behalf. Was a non-masturbation clause inserted into his offer letter?

It's common work place ethics not to engage in sexual activity of any kind at work place.

EniHolar:
I think he got addicted to it when he was jobless

Even at that. Couldn't he wait to get home?

Ireportlive:





The guy just dribbled National Assembly


Nigeria has the current set of unintelligent power brokers and cabal in Aso Rock

So of what use is the deadline if CBN would still exchange cash

You want to mop up 3 trillion before February 10 you claim you have only achieve 1.3 trillion

You want POS to exchange note yet limit Thier withdrawals to 500k a week. How will POS make enough profit on 500k total transaction without increasing charges


.

Have you been to CBN before? it's very difficult to access it. It's better you redeem now than wait to do it at CBN.

nlfpmod:

https://www.youtube.com/watch?v=t-HnsdnKMsA

Cash Swap: Old Banknotes Redeemable Only at CBN after Deadline, Says Emefiele

•Insists old N200, N500, N1000 no longer tenable after February 10

•Pledges no Nigerian will lose their money, seeks support



https://www.google.com/amp/s/www.thisdaylive.com/index.php/2023/02/01/cash-swap-old-banknotes-redeemable-only-at-cbn-after-deadline-says-emefiele/amp/

Emefiele is a useless man. He must be a drunkard. He said people could swap after deadline.
If banks reject it, so individuals should trek to CBN? Who does that?

dre11:
EXCLUSIVE: Nigerian Communities, Markets In Sokoto Abandon Naira, Trade In CFA Over Scarcity Of New Notes



https://saharareporters.com/2023/02/01/exclusive-nigerian-communities-markets-sokoto-abandon-naira-trade-cfa-over-scarcity-new

Useless country full of Balablu buhari

thisweekng:
https://thisweekng.com/2023/01/31/our-client-wanted-to-say-pupsy-not-pusy-lawyer-writes-to-federal-polytechnic-nekede/

Previous thread https://www.nairaland.com/7547168/nekede-poly-furious-lady-claiming

More reason she should be sent back to primary school to learn pronunciation and spelling.

ASAPFERG:

https://www.youtube.com/watch?v=IZEofmlILQ0


https://www.lindaikejisblog.com/2023/1/brother-and-sister-banished-from-imo-community-for-allegedly-committing-incest-video-2.html

This may be because of high bride price but whatever the situation how can he even get erection for his blood sister?


Let government make bride price #50 000 only.

decatalyst:
Conduct a thorough search.


Ordinaril, this shouldn't be brought to the internet/social media. You are doing yourself more harm than good. You don't know who is who on this forum. I pray you don't get robbed into what you know not.

By the way that an extended bullet. Maybe as a result of a shooting in the area and it landed in your apartment...curious to note that you said it's under your sofa...hmmm.

Please be careful oo...search well there may be more...may you not enter wahala wey you no know about o

Expended not extended.

Karleb:
You didn't handle the matter well.

There is a security/military unit in every school. You should have reported the case there.

Trust me, these guys would have been the one begging by now.

I know this because I was involved in a case like this and the cultists ended up buying for everything they damaged and apologizing.

You cheated that girl by making her apologizing. Honestly!

The op should have his balls cut and given to his girlfriend. She needs more balls while op clearly doesn't need it.

fredoooooo:
Cyril stober

Indomie generation don't know him though.


NTA news was fun to watch with him.

sunky97:
Who is your favourite news caster from this picture?

Cyril Stober

Worthy of mention: Abike Dabiri before she dabbled into politics

Atarakpa:
Nah their money or do anybody complain that his new naira note is missing.

You want a new Nigeria yet you support those exploiting the poor masses unnecessarily. You complain of bad leaders and yet your head is not correct.

Some people are hoarding and selling the new Naira Notes which is still limited causing suffering in the land

God1000:
Good, they are undermining CBN efforts

Things that work in other countries seamlessly don't work here in Nigeria because of too many vested interests and saboteurs

They should visit Hausa currency sellers too. They are doing it. They should Infiltrate big men wedding receptions. The urchins are there too!

nlfpmod:
https://www.thecable.ng/breaking-dss-arrests-syndicate-selling-new-naira-notes/amp

Wicked people. Kill them(

LincolnOnyeabor:
Why save when you can do what is called Lagos Marriage??

How does it work?

The Ayomi Pucci boy is very unbelievable.
To hm it's only Igbos that will vote Peter Obi.

How can an urchin like hm say Mike Edoho is an igbo.

Maybe we should also call urchins, Zombie because they don't reason.
If they actually have a functional Brain, it would be easy to tell Tinubu to go and rest but tribalism is a disease.

Islie:
Sharareporters


Less than a week after an Itakpe-Warri train derailed in Kogi, another train on Friday derailed in Abuja, the nation’s capital. The Abuja-Kaduna Train Service,…




DAILY TRUST

China bracing to come for their loan.

Amaechi see your life.Buhari may we not see your type in Nigeria ever.

Parachoko:
The CBN do not have a choice but to extend the deadline.

Even when the President said no deadline.

You're funny

LilMissFavvy:
Must he tempt her? Why not give your wife the car and stop tempting her with a Keke. He knows his wife deserves better, he just wanted to tempt her and disgrace her in public. The unfaithful*faggottt* can't try that with his side chick, he knows his side chick would give him a sound slapp. Nonsense'

Do you have #1 million in your account to afford a keke?

If not shut up

Modestanewsreel:
Here's the moment a popular a woman rejected hubbys gift to her for delivering a baby boy and what happened next will shock you.



https://www.youtube.com/watch?v=5RkbQvFgS78

So you morafvker don carry Odogwu Booboo and Aisha tiktok comedy video enter nairaland?

Chai nairaland don turn cruise. No more content.

Truvelisback:
Good day, fellas. Do u guys still remember this gadget?

I rocked it to play style plus and Tu face: African queen.

Dont tell me this is a coincidence.


So they want to cancel themselves before the election? This is very bad.