Tag Archives: Loss

The Telecommunications giant, MTN Nigeria, has reported a staggering 112% increase in network operating costs for the first half of 2023. The company’s expenses ballooned to N586.8 billion, up from N277 billion in the same period last year. MTN Nigeria also reported a loss of N519.1 billion for the first …

MTN Nigeria (MTNN), a dominant player in Nigeria’s mobile network industry, has reported a massive loss of ₦392.7 billion for the first quarter (Q1) of 2024. This staggering loss is a direct consequence of two major economic challenges: rising inflation and a weakening Nigerian Naira (₦). The company also reported …