1 min read
125 words
0 views
MTN Group reported on Tuesday that it is likely to report an annual profit of about $955 million from its Nigerian operations.
MTN is currently in a legal tussle with the Nigerian Government over fines imposed on it for Sim Card registration failures.
According to Reuters, MTN makes about 37% of its revenue from Nigeria, and its shares were up 0.8% at 121.50 rand by 1006 GMT, lagging a 1.4 percent rise in the JSE Top-40 index .
The post above and its ensuing comments, if any, is purely the opinion of the writer(s). It therefore should never be considered as an investment advise of any sort. If required, readers should please consult a competent professional financial adviser for any investment decision.
Facebook Comments Box