Nigeria Senator Calls for MTN, DStv License Revocation
Analysis based on 10 articles · First reported May 05, 2026 · Last updated May 05, 2026
The proposed economic retaliation by Nigeria against South African companies like MTN Group and MultiChoice Group could significantly impact their operations and revenues in Nigeria, a major market. This could lead to a decline in their stock prices and investor confidence, while also straining diplomatic and economic relations between Nigeria and South Africa.
Senator Adams Oshiomhole of Nigeria has called for the revocation of operating licenses for South African companies, including MTN Group and MultiChoice Group (owners of DStv), in Nigeria. This call comes in response to renewed xenophobic attacks against Nigerians in South Africa. Oshiomhole argues for economic reciprocity, suggesting that Nigeria should nationalize MTN Group's operations and withdraw DStv's license to create opportunities for local firms and send a strong message to South Africa. While the Nigerian House of Representatives and National Assembly have condemned the attacks and urged diplomatic measures, Senate President Godswill Akpabio has indicated that the National Assembly will not support resolutions directly targeting South African businesses, preferring diplomatic solutions and compensation for victims. Other Nigerian senators have also voiced strong concerns, with some calling for African Union intervention and warning of potential retaliation.
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