Browsing: Telecom

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.

MTN Nigeria Plc witnessed another round of selloffs on the floor of the Nigerian Exchange (NGX) Wednesday as investors’ book early profit following its weak earnings performance. The telecommunications company’s share lost 2.67% due to selloffs from its shareholders, dragging its market valuation to N4.509 trillion.