Browsing: MTN Nigeria

MTN Group has reported a solid set of underlying full-year results, but the reported numbers have again taken a big hit from Nigeria.

MTN Group warned on Thursday that it will report a sharp decline in full-year headline earnings per share.

Nigerian telecoms firms are lobbying for permission to double prices to weather harsh economic conditions.

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.