MTN Nigeria shares drop to 5-week low as $2 bln tax case adjourned to Oct

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LAGOS, June 27 – MTN Nigeria shares dropped to their lowest level in five weeks a day after a local court adjourned until October a case involving the telecoms firm with the government over a $2 billion tax dispute.

Shares in MTN, the local unit of South Africa’s telecoms group MTN Group, dropped 2.4% to 128.75 naira each, a level they reached on May 21.

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