MTN Nigeria, on Wednesday, announced the closing down of all stores and service centres in Nigeria until further notice.
MTN shops have been under attack by Nigerians in retaliation after days of attacks on Nigerians living in South Africa.
“The safety and security of our customers, staff and partners is our primary concern,” MTN Nigeria said in a statement.
“MTN condemns any acts of violence, prejudice and xenophobia.”
The latest wave of unrest in South Africa has raised fears of a recurrence of violence in 2015 aimed at foreigners and in which at least seven people were killed. Before that, some 60 people were killed in a wave of unrest around the country in 2008.
President Muhammadu Buhari said on Tuesday he was urgently sending a special envoy to meet with President Cyril Ramaphosa to secure the “safety of (Nigerian citizens’) lives and property”.
Police have yet to pinpoint what triggered the violence, which began on Sunday when protesters armed with makeshift weapons roamed the streets of Pretoria’s business district, pelting shops with rocks and petrol bombs and running off with goods.
Nigeria is MTN’s biggest market, with 58 million users in 2018 and accounts for a third of the South African group’s core profit.