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MTN pays $52.6m to end dispute with CBN

The Central Bank of Nigeria has asked MTN Nigeria to pay $ 52 . 6 m in settlement of the dispute over the certificates of capital importation without final regulatory approval .

The African telecoms giant said in a statement issued on Monday that the agreement was reached after several engagements with the apex bank ’ s officials in Lagos .

It said the settlement was based on the basis that certain CCIs utilised in the private placement were not properly issued .

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