Nigeria’s biggest network service provider, MTN Communication Plc posted a net loss of N137bn in 2023 after the naira redesign and currency devaluation policy of the Central Bank of Nigeria inflated the company’s net finance loss.
The loss comes despite a 22.4 per cent improvement in revenue from voice, data and other services which surged from N2trn in 2022 to N2.45trn in 2023.
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