MTN: 8,005 +188 (+2.41%)
MTN plunges as Nigeria orders $8.1 bln be refunded
JOHANNESBURG, Aug 30 (Reuters) - Shares in MTN Group
plunged as much as 19 percent early on Thursday, a day
after Nigeria ordered the South African telecoms group and its
bankers to return $8.1 billion.
Nigeria's central bank said the funds had been illegally
moved abroad. MTN denies the allegations.
At 0713 GMT, the stock was down 14 percent at 92.12 rand,
recouping some of the losses after falling to a low of 86.99
(Reporting by Tiisetso Motsoeneng
Editing by Joe Brock)
First Published: 2018-08-30 09:11:14
Updated 2018-08-30 09:20:14
© 2018 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.