MTN Nigeria Communications Plc has announced its second consecutive loss, reporting a loss after tax of N392.7 billion for the first quarter of 2024. Despite a significant 32.0 percent increase in service revenue to N747.3 billion year-on-year, the telecom giant faced challenges that led to its...
MTN Nigeria's Chief Financial Officer, Mr. Modupe Kadri, revealed in an exclusive interview with Nairametrics that the company invested over $120 million in expanding 5G coverage in the last two years. These investments boosted 5G coverage from 3% in 2022 to 11% in 2023, with plans for further...
MTN Nigeria Plc has reported a staggering loss before tax of N177.8 billion, leading to the complete wipe-out of shareholders' funds. The telecom giant attributes this unprecedented loss to a massive foreign currency loss of N740 billion, citing operational changes in the Nigerian foreign...
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