MTN Group posts first loss in 8 years on naira slump

Telecom group MTN points to recovery after naira devaluation drives losses – Reuters

MTN Group has posted its first loss since 2016 after the devaluation of the naira reduced income from its key market, Nigeria. The group reported a loss of 7.39 billion rand ($414.7 million) in the first half of 2024, compared with 4.14 billion rand profit a year earlier. Details later…

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```