MTN shares rally after Jumia soars in New York

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The mobile operator’s shares are at their best level since the company ran into regulatory troubles in Nigeria in August 2018

MTN’s shares rose 1% to R98.51 early on Monday — the best level since the mobile operator ran into regulatory troubles in Nigeria in August 2018 — after its e-commerce associate soared in its first trading day in New York.

MTN’s shares are trading at around their best level since the network operator announced in late August 2018 that the Nigerian central bank wanted it to return $8.1bn worth of dividends.

 

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