Nigeria: Lockdown - MTN Group Renews Bid to Offload 15% Nigerian Stake

1 April 2020

MTN Group has renewed its bid to cut its presence in Nigeria, by selling 15% stake to the subscribers. The operator said it is pursuing sale in smaller in bits due to the emergence of the Covid-19 (coronavirus) pandemic.

The Chief Financial Officer of the company, Ralph Mupita explained that the South Africa-based operator would reduce its majority stake in its Nigerian business, which remains the group's largest market, following numerous disputes with the country's government over the years.

...

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.