“Most of the naira weakness will affect 2024, more than 2023, and it will take some time
for MTN to recoup cost pressure from the consumer given regulatory restrictions in Nigeria,”
Bloomberg quoted Peter Takaendesa, head of equities at Cape Town-based Mergence
Investment Managers, as saying.
The post Nigeria’s forex crisis adds MTN to growing list of financially distressed companies appeared first on Premium Times Nigeria.
