Forex Crisis: MTN Nigeria Faces N740 billion in forex Losses, Wiping Out Shareholders’ funds

MTN Nigeria has reported a loss for the full year 2023, its first in three years, after the devaluation of the Naira and rising cost of doing business ate into its margins.  The company disclosed a pre-tax loss of N177.8 billion, in stark contrast to the pre-tax profit of N518.8 billion recorded the previous year. With … Continue reading Forex Crisis: MTN Nigeria Faces N740 billion in forex Losses, Wiping Out Shareholders’ funds