MTN Group incurs significant loss amid Nigerian currency devaluation

MTN Group, the South African telecommunications giant, has experienced a substantial financial setback, recording its first loss in eight years. The company disclosed a loss of R7.39 billion ($414.7 million) for the first half of 2024, a sharp downturn from the R4.14 billion ($232.3 million) profit reported in the corresponding period of the previous year. … Continue reading MTN Group incurs significant loss amid Nigerian currency devaluation