Telecom giant in talks with Nigeria regulator to cut $3.9B fine and plan payment - Buhari

16:15 - 08 March 2016

President Muhammadu Buhari meets with South African counterpart, Jacob Zuma on March 8, 2016.

The president made the comment at a joint news conference with his South African counterpart Jacob Zuma

South African telecoms company MTN is in talks with Nigeria's telecoms regulator to reduce the $3.9 billion fine imposed for its failure to disconnect unregistered sim cards and arrange gradual payment, President Muhammadu Buhari said on Tuesday.

The Nigerian president made the comment at a joint news conference with his South African counterpart Jacob Zuma following talks between the pair at the start of the latter's two-day state visit to Africa's most populous nation.

The South African company has so far paid $250 million after dropping a legal case against the Nigerian Communications Commission (NCC).