Browsing: Telecom

MTN Nigeria Plc recorded a gain in the equities market on Monday as investors continued to increase bets on the telecom stock ahead of its fourth quarter of 2024 earnings. Data from the Nigerian Exchange, NGX, showed that the telecom stock surged by 1.24% on the day of N253.1 as more than 2.8 million exchanged hands in the local bourse.

MTN Nigeria Plc returned to profitability in the third quarter (Q3) of the financial year 2024, a development that marked a significant turning point after three consecutive quarters of net losses. The feat signalled a successful recovery strategy and a promising trajectory moving forward.