Browsing: MTN Nigeria

Nigeria’s economy grew faster than anticipated in the third quarter, buoyed by its services and oil sectors.

MTN Group reported an 18.5% fall in service revenue in the third quarter, hit by the devaluation of the Nigerian naira.

A dreadful macroeconomic backdrop, coupled with regulatory challenges, continue to exert huge pressure on the business.

MTN’s mobile money and lending products have given a boost to group revenues.

MTN Group swung to a half-year loss on Monday, weighed down by devaluation of the Nigerian naira.

MTN Group is going through an exceptionally difficult patch, with Nigeria set to drag it into a huge interim loss.

Nigeria’s awful macroeconomic conditions have once again punished MTN, but the picture may be improving.

MTN Group reported an 18.8% decline in its first-quarter service revenue, weighed down by MTN Nigeria.

Nigerian companies are paying overdue dollar obligations after recent reforms led to increased liquidity in the forex market.

Regulatory support and reduced US dollar exposure have been identified as key to improving MTN Nigeria’s balance sheet.