MTN Nigeria, under the leadership of Karl Toriola, has been affected by the ongoing global stock market crash that began last Friday, impacting the Nigerian Stock Exchange (NGX) prominently.
As of midday trading on August 5, the NGX All-Share Index recorded a 0.27-percent drop, and MTN Nigeria's shares hit a notable low, marking their worst performance since October 2021.
MTN Nigeria's stock suffered a sharp 5.79 percent decline by 12:30PM, positioning its shares at N179 ($0.112) each. This downturn is not only a reflection of global market sentiments but is also exacerbated by internal challenges, including a noticeable increase in service disruptions such as dropped calls, which began intensifying on August 1.
Global Influence on MTN Nigeria's performanceThe broader global financial crisis has influenced market dynamics within Nigeria, particularly for MTN Nigeria.
