Telecom powerhouse Airtel Africa was only a breath away from loss-making in the nine months to December after net profit crashed by 99.6 per cent.
A free fall in the value of the naira in Nigeria, its biggest market for mobile service, battered earnings, according to details of its unaudited financials Thursday.
Multinationals in Nigeria are grappling with the hard times created by the downside of a raft of foreign exchange reforms introduced shortly after President Bola Tinubu took office last May.
