Nigeria’s biggest network service providers and the new entrant in the industry are experiencing major setbacks driven by inflation and the naira floating policy of the Central Bank which has cut deep into their profit.
Analysis by THE WHISTLER showed that the first nine months of 2023 came with numerous political and economic headwinds which led to a loss after tax for Airtel of 103.8 per cent and 45 per cent slide in MTN Nigeria Communication Plc’s Profit After Tax (PAT), while the new entrants, BRICLINKS Africa Plc had 296.3 per cent fall in PAT.
