Following an eight month long arrangement, MTN has consented to pay N333 billion ($1.7 billion) to the central government over a space of three years.
The gathering, in an announcement on Friday, says it will likewise guarantee the posting of its shares in the Nigerian Stock Trade.
The concurred entirety is 33% of the first punishment MTN Bunch Ltd got.
MTN ascended as much as 21 percent in Johannesburg. It exchanged 16 percent higher at 143.50 rand starting 1:21 p.m, on track for the greatest addition since 2008.
The NCC, in October 2015, authorized MTN, which has the most endorsers in Nigeria, for declining to follow a mandate to separate 5.1 million dishonorably enlisted lines before the due date given to telecoms administrators in the nation.
In spite of the fact that the fine was in this way decreased by 25 for each penny to N780 billion, MTN Nigeria neglected to pay the punishment.
Phuthuma Nhleko, director of the gathering who resigned in the warmth of the emergency, drove the arrangement procedure.
"The relationship between MTN, the Nigerian government and the Nigerian Correspondences Commission has been reestablished and reinforced," he said in his renunciation letter.