MTN Nigeria shares drop to 5-week low

Babajide Okeowo

The share price of MTN Nigeria dropped to its lowest level in five weeks a day after a local court adjourned until October a case involving the Telecoms firm with the government over a $2 billion tax dispute.

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Shares in MTN Nigeria, the local unit of South Africa’s Telecoms group MTN Group, dropped 2.4% to N128.75 naira each, a level they reached only on May 21.

 

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