By Royal Ibeh, Lagos
The depreciation of the naira as against the dollar, has resulted in a combined loss of N511.27 billion for MTN Nigeria and Airtel Africa.
This is even as stakeholders have intensified their cry for an increase in call and data tariffs, to ensure sustainability of the telecoms sector.
Analysing the first quarter financial statements of both companies, Airtel Africa’s Q1 loss after tax was N118.57 billion ($91 million), compared to its Q1, 2023 profit after tax of N104.65 billion ($227 million),
