News Formal

MTN commits R65bn investment in Nigeria

  • 📰 ITWeb
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

MTN Group is set to invest $3.5 billion in Nigeria over the next five years. MTNGroup

Pan-African telecom provider MTN Group is set to invest $3.5 billion in Nigeria over the next five years.

Despite operating in 19 markets, Nigerian contributes the lion’s share of MTN Group revenue. In the current reporting period, MTN Nigeria increased mobile subscribers by 9.4% to 76.7 million in the first quarter of 2023. In his remarks, Jonas congratulated Tinubu and welcomed the changes implemented by the new administration, promising to marshal other investors to support the government.

Since his inauguration on 29 May, Tinubu has undertaken economic reforms supporting local businesses. The changes include ending petrol subsidies and the unification of the naira’s multiple exchange rates.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Minimise load shedding’s impact on your investment portfolio[SPONSORED] There are some interesting opportunities out there if you take a medium-term view and look beyond the current pain, says David Lerche of Sanlam Private Wealth. Moneyweb LoadShedding
Source: Moneyweb - 🏆 5. / 77 Read more »