28-02-2025
MTN Nigeria Stock Price Hit as Naira Devaluation Inflcits Another Loss
The Nigerian unit of MTN Group Ltd fell the most in 10 months in Lagos before recovering, as investors reacted to a second year of loss caused by a sharp devaluation of the naira.
Shares in MTN Nigeria Communications Plc retreated 9.1% to a low of 240 naira, the most since April 24, 2024, before rebounding to trade unchanged on the session.
