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    Come clean on gold-for-oil ‘fiasco’ – COPEC to govt

    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    Deadline for debt exchange program moved to February 7 with new terms

    Government finally makes progress on Debt Exchange Program

    Policy Rate increased by 100 basis points; now at 28%

    Africa loses $88bn annually through illicit financial flows – Akufo-Addo

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    Ghana paid cash for 40,000 tons of oil instead of gold – Egyapa Mercer confirms

    $130bn and $170bn needed annually to bridge Africa’s infrastructural gap – Bawumia

    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

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    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

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    MTN to fight $773m tax bill from government

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    Nigeria’s national debt hits an all time as the country struggles with repayment

    What does 2023 hold? Predictions in payments for the year ahead for Africa

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    EIU analysts forecast grim economic outlook for Africa in 2023

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Xenophobic attacks:Nigeria youths ‘attack MTN office in Abuja’

bycitibusinessnews
April 23, 2015
in Business, TECHNOLOGY, Top Stories
CEO, MTN Ghana- Serame Taukobong

CEO, MTN Ghana- Serame Taukobong

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MTN’s regional office in Abuja, Nigeria reportedly shut down its operations on Wednesday 22 April,2015 following attacks by irate youths presumably protesting over the on-going xenophobic attacks in South Africa.

[contextly_sidebar id=”SuSiXf2XZU5ARKVFVPPdwlmdvNzK6v0J”]Quoting the Daily Sun newspaper, Naij.com said a group of more than 100 youths converged at the MTN premises carrying placards with different inscriptions.

Apparently worried that more attacks could follow, the MTN office immediately shut down its operations, the report said.

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MTN staff said services would be suspended until the xenophobic attacks faded away and stability returned to South Africa.

MTN Nigeria warned early this week that any attack on its facilities could force it to close shop, a development that could see at least 99% of its over 6 000 workforce in the country become jobless, a newswirengr.com report said.

This comes as Nigeria’s foreign ministry on Wednesday summoned South Africa’s High Commissioner over anti-immigrant violence.

According to a Reuters report, the ministry said the essence of the meeting was to register Nigeria’s protest over the on-going xenophobic attacks against fellow Africans in South Africa.

The ministry also called on authorities to quell the unrest and bring those involved to book.

Isolated counter-protests involving a few dozen people have occurred in Nigeria, an economy in which South African firms such as mobile phone giant MTN and supermarket chain Shoprite have large stakes, the report said.
–
Source: Fin 24

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