Thursday, June 17, 2021

MTN warns of service disruption in Nigeria due to rising insecurity

 MTN's  service in Nigeria could be disrupted as a result of rising insecurity in different parts of the country, the local unit of South Africa's telecoms group  said on Tuesday.

REUTERS

MTN Nigeria  is the first company to acknowledge a possible disruption to its services due to insecurity in Africa's most populous nation.

Nigeria faces increased insecurity across the country -- ranging from mass abductions at schools, kidnappings for ransom, armed conflict between herdsmen and farmers, armed robberies and various insurgencies -- a drag on growth and job creation.

Nigeria is MTN's most lucrative market out of the 22 countries the company operates in across Africa, Asia and the Middle East but it is also one of the most problematic.

MTN runs Nigeria's largest mobile phone network which generates around a third of the company's revenue.

Growth in Nigeria resumed in the fourth quarter after a COVID-19 induced recession but it lags the rest of sub-Saharan Africa, with food inflation, heightened insecurity and stalled reforms slowing the economy and increasing poverty, the World Bank said

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