Home Procurement NewsMTN Nigeria Reports N519 Billion H1 Loss Due to Naira Devaluation and Inflation

MTN Nigeria Reports N519 Billion H1 Loss Due to Naira Devaluation and Inflation

July 31, 2024•

MTN Nigeria Communications Plc has reported a loss after tax of N519.1 billion for the first half of 2024. The company ascribed this significant loss to the depreciation of the naira and record-high inflation, both of which have negatively affected Nigeria’s economic climate. Even though service income increased by 32.6% to N1.5 trillion, the company’s […]

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Last modified: July 31, 2024

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