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@ytb
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Technology
2025-02-28 07:18:06
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MTN Nigeria Reports N400.44bn Loss in 2024 Due to Naira Depreciation
MTN Nigeria reported a loss of N400.44 billion after tax for the year ending December 31, 2024, primarily due to the devaluation of the naira, which increased foreign exchange losses and negatively impacted the company's earnings. This loss, revealed in the company's audited financial statements on Thursday, marks a 192% increase from the N137.02 billion loss recorded in 2023. The...
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