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MTN Group plans to spin off its fintech operations in Nigeria, Ghana, and Uganda in 2025 to enable Mastercard to acquire a minority stake. Regulatory challenges are present in Nigeria, …
MTN Group Plans Fintech Spin-Off to Secure Mastercard Stake Read More
MTN Group’s profits have been adversely affected by the devaluation of the Nigerian naira and ongoing conflicts in Sudan, leading to a 69% drop in headline earnings per share. Despite …
MTN Group Faces Profit Decline Amid Nigerian Naira Devaluation and Sudan Conflict Read More
MTN Group plans to spin off its fintech operations in Nigeria, Ghana, and Uganda in 2025, allowing Mastercard to acquire a minority stake valued at $5.2 billion. Regulatory challenges persist …
MTN’s Fintech Spin-Off Strategy to Facilitate Mastercard Investment Read More
MTN Group’s annual profit fell by 68.9% due to Nigerian currency devaluation and Sudan operational challenges, with earnings per share dropping to 98 cents. The company declared a slight increase …
MTN Group Reports Major Profit Decline Amidst Currency Challenges Read More
MTN Group CEO Ralph Mupita has raised concerns about the ongoing situation in Sudan, emphasizing the difficulties of operating in the region due to political and social issues. The company …
MTN Group CEO Expresses Ongoing Concerns Regarding Sudan Situation Read More
MTN Group reported a 69% decline in annual profits, mainly due to the devaluation of the naira and difficulties in Sudan, with significant pre-tax losses. Plans for recovery include renegotiating …
MTN’s Annual Profit Declines Due to Naira Devaluation and Conflicts in Sudan Read More
The MTN Group has reported a decline in revenue, attributed to economic challenges in Nigeria and the conflict in Sudan. Service revenue fell by 15.4%, although there was growth in …
MTN Group Reports Revenue Decline Amidst Economic Challenges in Nigeria and Sudan Read More
MTN’s annual headline earnings per share fell to 98 cents due to Nigeria’s naira devaluation, resulting in a pretax loss of ₦550.3 billion. The group’s total service revenue decreased by …
MTN Group’s Profit Decline Due to Currency Challenges in Nigeria Read More
MTN Group has reported a dramatic 68.9% fall in annual profits due to Nigerian currency devaluation and operational issues in Sudan. The headline earnings per share decreased to 98 cents …
MTN Group Reports 68.9% Decline in Annual Profit Amid Currency Challenges Read More
MTN Group reported a 68% decline in headline earnings per share, primarily due to currency devaluation in Nigeria and conflict in Sudan. Despite a 15.4% drop in service revenue to …
MTN Group Reports Earnings Decline Amid Currency Devaluation and Conflict Read More