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Could the CBN be big enough to apologise to MTN shareholders?

The last few weeks have seen a rather unpredictable series of developments in the on-going CBN versus MTN dispute on capital repatriation. Initially, a series of placatory statements by the Central Bank Governor indicating a less confrontational approach to the issue provided some calm to the market. Those hoping to see a more mature and professional process of dispute resolution were encouraged that the government was recognising the impact that the dispute was having on wider investor confidence, and taking steps to ensure a fair hearing was provided that would rebuild market confidence.

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