Africa’s Biggest Wireless Carrier MTN Reviews Nigerian Tax Demand for $72.6 Million
- Tax Appeal Tribunal in Lagos ordered MTN to pay $72.6 million
- MTN says it will comment in its trading update due Friday
MTN headquarters in Johannesburg, South Africa.
Photographer: Guillem Sartorio/BloombergThis article is for subscribers only.
Shares in MTN Group Ltd. fell the most in more than two months after Africa’s largest wireless carrier said it’s reviewing a demand by a Nigerian tribunal for unpaid taxes.
The Lagos-based Tax Appeal Tribunal ordered MTN to pay $72.6 million, according to documents seen by Bloomberg and verified by two government officials. Calls to the tribunal weren’t answered when Bloomberg sought comment.