MTN CEO resigns following Nigeria fine fiasco
"MTN CEO Sifiso Dabengwa quits", reports TimesLive. This comes after last week's news that MTN's operating licence in Nigeria has been renewed for another five years.
Some were surprised to hear about the renewal as the company has to pay up a $5.2bn fine for failing to disconnect unregistered sim card holders in the country - its largest country of operation by far - by 16 November.
The fine is the reason Dabengwa has resigned with immediate effect, explains Business Report.
Non-executive chairman Phuthuma Nhleko will serve as executive chairman for MTN in a temporary capacity for the next six months until a suitable replacement is found.