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
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