Nigeria Regulator Reaches Fines Deal With Phone Companies
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Nigeria’s mobile-phone companies reached an agreement to pay fines set last month by the national telecommunications regulator for failing to meet minimum service standards.
The payments will probably be made within the next week, Tony Ojobo, a spokesman for the Abuja-based Nigerian Communications Commission, said today by phone. He didn’t say if the companies would pay all of the 1.17 billion naira ($7.2 million) total set on May 11 and the additional charges of 2.5 million naira a day after the May 21 deadline.