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MTN records first annual loss in 20 years after Nigeria fine – Daily Trust
ADVERTISEMENT Africa’s biggest mobile phone operator MTN Group yesterday recorded a loss of $108million, its first annual loss in 20 years, due to a regulatory fine in Nigeria and unfavourable currency moves. But its shares soared after it kept a dividend, according to Reuters.ADVERTISEMENT MTN agreed to pay a fine of 330 billion naira ($1.1 …