{"id":109393,"date":"2016-01-19T13:23:46","date_gmt":"2016-01-19T11:23:46","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=109393"},"modified":"2016-01-19T13:23:46","modified_gmt":"2016-01-19T11:23:46","slug":"mtn-posts-r15-8-billion-profit-in-nigeria","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/109393\/mtn-posts-r15-8-billion-profit-in-nigeria\/","title":{"rendered":"MTN posts R15.8 billion profit in Nigeria"},"content":{"rendered":"<p>South African telco, MTN said in a statement on Tuesday that its Nigerian operation was likely to report close to R15.8 billion in profit for the 2015 full year.<\/p>\n<p>The announcement followed reports by Nigerian scribe, This Day, which broke the figure of 190 billion naira\u00a0in a story.<\/p>\n<p>MTN notified shareholders that, while the final number was still being finalised with auditors, it was within the current estimate.<\/p>\n<p>MTN Nigeria is currently under pressure, having been fined $3.9 billion (+\/- R65 billion) in Nigeria for failing to disconnect users of unregistered SIM cards.<\/p>\n<p>MTN makes about 37% of its revenue from Nigeria.<\/p>\n<p>The group has filed a court challenge over the fine, which equates to more than double its annual average capital spending over the past five years, according to Reuters.<\/p>\n<h3 class=\"my-4\">More on MTN<\/h3>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/mobile\/108813\/nigerian-court-rejects-application-to-freeze-mtn-accounts-report\/\">Nigerian court rejects application to freeze MTN accounts: report<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/mobile\/107959\/mtn-in-stand-off-over-massive-fine-report\/\">MTN in stand-off over massive fine: report<\/a><\/strong><\/p>\n<p><strong><a href=\"http:\/\/businesstech.co.za\/news\/general\/107649\/mtn-to-challenge-nigeria-fine-in-the-high-court\/\">MTN to challenge Nigeria fine in the high court<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MTN has confirmed that the media reports of its annual profits coming out of Nigeria match the current unaudited estimate.<\/p>\n","protected":false},"author":10,"featured_media":29355,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,28],"class_list":["post-109393","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-mtn"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/109393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=109393"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/109393\/revisions"}],"predecessor-version":[{"id":109395,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/109393\/revisions\/109395"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/29355"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=109393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=109393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=109393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}