naira devaluation impact
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Nigeria Naira Slump Hits MTN Hard: Company Reports $414.7 Million Loss
MTN Group reported its first loss in eight years, totaling 7.39 billion rand ($414.7 million) for H1 2024, compared to a profit of 4.14 billion rand in 2023. The decline is attributed to the devaluation of the naira, significantly impacting income from Nigeria. MTN Group has reported a...
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