MTN Nigeria Reports N400bn Loss in 2024 as Naira Devaluation Drives Forex Losses
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February 28, 2025
MTN Nigeria reported a N400.44 billion loss after tax for the year ending December 31, 2024, attributing the decline to the devaluation of the naira, which significantly increased foreign exchange losses and impacted earnings. According to its audited…
MTN Nigeria Incurs N740bn FOREX Losses, Shareholders Funds Wiped
March 1, 2024
MTN Nigeria Plc has reported a pre-tax loss of N177.8 billion, a significant turnaround from the N518.8 billion pre-tax profit in the prior year. The company attributes these losses to a considerable foreign currency shortfall of N740 billion, a notable…