MTN Pays $250 mil in Boko Haram Sim Cards Row

African mobile giant MTN has paid the Nigerian government $250 million in a bid to settle a dispute over unregistered SIM cards. Authorities feared the sim cards were being used by members of Boko Haram. The Nigerian government slapped a record 1.04 trillion naira ($5.2 billion) fine on South Africa-based[…]

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Cash Converters facing possible fine

Second-hand goods retailer Cash Converters is facing a possible fine for several breaches of the National Credit Act, stemming from its cash-advance loans services. This comes amidst growing criticism directed at companies that offer ‘pay-day’ loans, seen as a major factor in pushing people into an endless cycle of debt.[…]

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