MTN, Airtel Repay $1.2bn Debt To Ease FX Pressure, Boost Profitability

MTN Nigeria Communications Plc and Airtel Africa have repaid a combined $1.2 billion in foreign currency debt in 2024 as part of efforts to mitigate the impact of foreign exchange (FX) volatility and strengthen their financial positions. The repayment comes amid the lingering effects of the Central Bank of Nigeria (CBN)’s unification of the foreign … Continue reading MTN, Airtel Repay $1.2bn Debt To Ease FX Pressure, Boost Profitability