No Nexit with MTN’s fate tied to Nigeria – The Mail & Guardian

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MTN has announced that it is exiting Guinea-Bissau and Guinea-Conakry in a bid to leave some markets in West Africa. (Supplied)

MTN has announced that it is exiting Guinea-Bissau and Guinea-Conakry in a bid to leave some markets in West Africa. But the telecoms giant can’t make a similar escape from Nigeria, which has dealt the company a costly currency-related hit.

Africa’s largest network operator by subscriber base released its annual results for 2023 earlier this week, reporting a slump in earnings as it suffered a blow from Nigerian naira’s…



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