MTN Group Records $414.7m Loss, As Nigeria Currency Devaluation Bites

Independentng | 20-08-2024 06:54am |

MTN Group, Africa’s largest mobile telecom operator, has reported a significant financial downturn due to devaluation of the Nigerian naira and operational difficulties in Sudan, marking its first loss since 2016. The group reported a loss of 7.39 billion rand ($414.7 million) for the six months ending in June, compared to a profit of 4.14 [...]

Stay Updated with the Latest News!

Don't miss out on breaking stories and in-depth articles.