MTN Nigeria loses top revenue spot for first time since 2019 after ₦400.4 billion loss 

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MTN Nigeria has lost its position as the MTN Group’s highest-earning subsidiary for the first time since 2019 after reporting a post-tax loss of ₦400.4 billion ($260.2 million) in 2024. The Nigerian unit fell behind the West and Central Africa (WECA) region and South Africa in revenue rankings, marking a significant shift in the Group’s revenue dynamics.

The telecom giant, which…

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