The Chief Executive Officer of MTN Nigeria, Karl Toriola, said the telecommunications company bore the brunt of the side effect of the Naira redesign policy of the Central Bank of Nigeria (CBN) in the first quarter of 2023.
Toriola stated that the Naira scarcity caused by the CBN’s Naira redesign policy made it impossible for MTN customers without digital access to buy physical airtime vouchers.
He made this known in the 2023 first quarter (Q3) financial statement released on Thursday, disclosing the challenges faced by MTN during the period.
