MTN Nigeria shares hit three-month high after partial reopening

Shares of MTN Nigeria hit a three-month high on Friday after the telecoms firm’s offices partially reopened following a shutdown due to anti-South African attacks in the West African country.

The local unit of South Africa’s MTN Group closed all stores and service centres in Nigeria after its facilities in three cities were attacked following days of riots in South Africa chiefly targeting foreign-owned, including Nigerian, businesses.

The Nigerian division of South African telecom operator MTN said on Wednesday it will close all stores and service centres in the country until further notice after its facilities in three cities were attacked.

The facilities were attacked after days of riots in South Africa chiefly targeting foreign-owned, including Nigerian, businesses.

“The safety and security of our customers, staff and partners is our primary concern,” MTN Nigeria said in a statement.