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

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.



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