MTN share price jumps 9.87% on news of tariff hike approval

MTN Nigeria’s share price soared to ₦256 on Tuesday, marking a 9.87% increase after regulators approved a 50% hike in telecom tariffs. This surge reflects investor confidence in the profitability of the company after two years of sustained losses.

Meanwhile, rival Airtel Africa’s stock remained stable, underscoring the limited impact of the Nigerian tariff adjustment on the company’s…