South Africa’s MTN flags 2023 profit slump on naira devaluation

Africa’s biggest telecoms operator MTN Group JSE:MTN flagged on Friday an up to 80% fall in full-year profit as a sharp devaluation in the Nigerian naira pushed its biggest unit MTN Nigeria NSENG:MTNN to a loss.South Africa-headquartered MTN said its headline earnings per share – one of the main pr…