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Home Agribusiness News24 | MTN profit to take massive hit amid Nigerian forex woes

News24 | MTN profit to take massive hit amid Nigerian forex woes

March 1, 2024

Photo by Gallo Images/Fani Mahuntsi In a trading update for the year to end-December, MTN warned that its headline earnings per share could drop by between 60% and 80%.This was largely due to a slumping Nigerian naira against the dollar, which hiked MTN Nigeria’s operating and finance costs. MTN also announced sizeable restatements of MTN…

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