Skip to content
Subscriber Only

Four Charts That Show Why MTN's Nigerian Fine Matters So Much

  • Avior's Lerche sees penalty being settled at $1 billion
  • MTN is the market leader in Nigeria's mobile-phone market
Updated on

MTN Group Ltd.’s biggest market is now its worst headache.

Nigeria’s telecommunications regulator last week slapped the mobile-phone operator with a $5.2 billion fine, wiping almost 20 percent off its market value over the space of four days. There is a lot at stake for Africa’s largest mobile-phone operator and the government of the continent’s top economy as the following charts, converted to dollars as of Friday’s exchange rates, show.