Nigeria considering' MTN's $1.5bn offer

MTN advert

Nigeria's Justice Minister Aboubacar Malami told the BBC's Hausa service that the government is looking at the $1.5bn (£1bn) offer that South Africa's telecoms company MTN has made to settle a dispute.
MTN has not confirmed it made the offer despite several reports quoting the $1.5bn figure.
Mr Malami said that the government will ask all the relevant stakeholders to consider the payment.
MTN was fined $3.9bn by Nigeria's communications authority for failing to cut off unregistered sim cards.
The company - whose largest market is in Nigeria - is trying to reach a negotiated settlement as the Nigerian government opt for the settlement of the dispute out court.

Comments