The twin perils of political and currency risk bedevil the future prospects of telecoms giant MTN Group [JSE:MTN]. 

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The fuel price increase in Nigeria has affected the MTN Group’s revenue, the IT News Africa has reported.

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Stephen Gunnion 

The FTSE/JSE Africa All Share Index (JALSH) declined for the first time in three days, falling 0.9 percent to 32,599.06 by the close in Johannesburg.

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Elisha Bala-Gbogbo and Chris Kay 

Simon Wardell, director and oil analyst at IHS CERA, discusses Nigerian oil supplies, crude prices and the prospect of Europe imposing an embargo on Iranian oil. He speaks with Linzie Janis on Bloomberg Television's "Countdown." 

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Sikonathi Mantshantsha

MTN Group Ltd. (MTN), Africa’s biggest mobile-phone operator, posted its biggest two-day decline since January 2009 after Nigeria’s government removed fuel subsidies, cutting consumer spending power in the company’s largest market.

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