Africa’s leading telecommunication company MTN Group Ltd. has said it will invest $1.6 billion (580 billion naira) to expand its operations in Nigeria. The network provider announced the investment after its senior executives including Chief Executive Officer Rob Shuter and Nigerian President Muhammadu Buhari met on Wednesday. The investment pledge comes after MTN reasonably resolved its major dispute with the Nigerian government. MTN on Thursday formally withdraw its case challenging the jurisdiction of the country’s attorney general to charge it with $2 billion in back taxes. “I am pleased to hear of the progress you are making in Nigeria, especially in supporting our digital inclusion programs,” Buhari said in a statement.

Source: The Guardian January 30, 2020 13:18 UTC