- MTN Group Ltd., Africa’s largest wireless carrier said first-half profit slid as much as 15 percent as exchange rates hurt sales.
- Nigeria is MTNs largest market and the telecommunications firm gets about 40 percent of its revenues and profits from Africa’s largest economy.
- Nigeria’s currency the naira has lost more than 18 percent versus the dollar in the past year.
![[The Nigerian Economy Daily] FG has approved the closure of five foreign missions and embassies](https://nairametrics.com/wp-content/uploads/2017/05/nigerian-economy-today-1.jpg)
