MTN Group shares rise 2%

MTN Group shares rose as much as 2.55% after the Nigerian central bank governor said the bank may reduce the amount it has ordered the telecoms firm to repatriate as part of an ongoing disagreement. MTN and the Nigerian bank are in a dispute over the transfer of $8.1 billion, which the bank said the company had sent abroad in breach of foreign-exchange regulations.

MTN shares were up 2.09% to R85.55 by 9.23 GMT. – Reuters