MTN On Track To Report $955m Profits From Nigeria

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MTN Group reported on Tuesday that it is likely to report an annual profit of about $955 million from its Nigerian operations.

MTN is currently in a legal tussle with the Nigerian Government over fines imposed on it for Sim Card registration failures.

According to Reuters, MTN makes about 37% of its revenue from Nigeria, and its shares were up 0.8% at 121.50 rand by 1006 GMT, lagging a 1.4 percent rise in the JSE Top-40 index .