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Home Agribusiness MTN’s annual profit hammered by Nigeria currency devaluation

MTN’s annual profit hammered by Nigeria currency devaluation

March 17, 2025

MTN Group suffered a 69% slump in full-year earnings, Africa’s biggest telecom operator reported on Monday, hit by devaluation of the Nigerian naira and operational challenges in Sudan.South Africa-headquartered MTN said its reported headline earnings per share (HEPS) – one of the main profit measures in the country – fell to 98c in the year…

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