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MTN Group will spin off its fintech operations in Nigeria, Ghana, and Uganda by mid-2025, facilitating a minority stake acquisition by Mastercard. While Uganda and Ghana are progressing well, Nigeria …
MTN to Divest Fintech Units in Nigeria, Ghana, Uganda to Facilitate Mastercard Acquisition Read More
MTN Group’s profits plummet due to Nigerian naira devaluation and conflicts in Sudan, with HEPS dropping 69% YoY. Despite challenges, the CEO remains optimistic about recovery efforts in Nigeria and …
MTN Group Faces Profit Decline Amid Nigerian Naira Devaluation and Sudan Conflict Read More
MTN Group plans to spin off its fintech units in Nigeria, Ghana, and Uganda by mid-2025 to facilitate Mastercard’s minority stake acquisition. This strategic move aims to reorganize their operations …
MTN Announces Spin-Off of Fintech Units for Mastercard Stake Acquisition Read More
MTN Group has reported a 68.9% decline in annual profit due to Nigerian currency devaluation and operational issues in Sudan, with headline earnings per share dropping significantly. However, it has …
MTN Group Reports Significant Profit Decline Amid Currency Challenges Read More
MTN Group’s CEO Ralph Mupita emphasizes serious concerns regarding operations in Sudan, driven by civil conflict. The company reports an 18.5% decline in service revenue related to regulatory issues in …
MTN Group CEO Highlights Ongoing Concerns Regarding Sudan Situation Read More
MTN Group reported a 69% drop in annual profit due to the Nigerian naira’s devaluation and challenges in Sudan. The company’s HEPS fell to 98 cents, while pre-tax losses in …
MTN Group Faces 69% Profit Decline Amid Currency Devaluation and Conflict Challenges Read More
MTN Group reported a revenue decline attributed to challenges in Nigeria and Sudan. Group service revenue decreased by 15.4% while EBITDA fell by 33.5%, amid fluctuating foreign currency rates and …
MTN Group Faces Revenue Decline Amidst Currency Challenges and Conflict Read More
MTN’s annual profit has been significantly affected by Nigeria’s currency devaluation, causing HEPS to drop from 315 cents to 98 cents. The naira’s devaluation and high inflation have contributed to …
MTN’s Profit Declines Due to Nigeria’s Currency Devaluation Read More
MTN Group announced a 68.9% decline in annual profits due to currency devaluation in Nigeria and operational challenges in Sudan, with earnings per share falling to 98 cents. Despite this …
MTN Group Reports 68.9% Decline in Annual Profits Amid Currency Devaluation Read More
MTN Group reports a 68% decline in earnings per share due to currency devaluation and conflict, with total service revenue dropping 15.4%. Key results highlight increases in fintech and active …
MTN Group Reports Decrease in Earnings Amidst Currency Challenges and Conflict Read More