MTN Got Nigerian Approval to Repatriate Funds Last Year, BD Says
LAGOS (Capital Markets in Africa) – MTN Group Ltd. and four lenders may have won approval from Nigeria’s central bank to repatriate funds in a 2017 ruling, Lagos-based Business Day reported, citing a letter signed by an official at the reserve bank. In the letter addressed to MTN Nigeria’s chief executive officer, the central bank confirms the validity of the company’s certificates of capital importation — needed to take funds out of the country — according…
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