MTN Nigeria’s share price dropped on the Nigerian Stock Exchange (NSE) a day after some of its centres were attacked in three states. The telecommunication company and other South African companies were subject of a reprisal attack in Nigeria following the Xenophobic attack on Nigerians in South Africa.

Although the company had a decline in its share price at the end of trading on Monday, September 2, 2019, after its share price dropped from N141 (as of Friday, August 30, 2019) to N138.50 kobo per share, it, however, recovered on Tuesday, rising to N140 per share.

Though the rise in MTN Nigeria’s share price happened the day some Nigerians started attacking the South African companies, the market had closed before the violent protest intensified.

MTN Nigeria’s share price, however, dropped yesterday, September 5, 2019, following the attack and call for a boycott of its services. Investors sold off their shares considering https://nairametrics.com/2019/09/05/mtn-nigerias-shares-drop-on-nse-following-attack-on-its-centres-in-nigeria/