Lagos, April 30, 2025 – MTN Nigeria recorded significant improvements in its operation in the first quarter of 2025 with N133.7 billion profit after tax.
This is against the N392.7 billion loss recorded during the same period in 2024.
This was contained the company’s unaudited results for the first quarter of 2025 released on Tuesday.
The company attributed its improved performance to increased operating profit and sharp decline in foreign exchange losses which fell by 99.2 per cent to N5.5 billion during the period.
Karl Toriola, its Chief Executive, attributed the company’s performance during the period to its ability to navigate a complex and evolving macroeconomic environment while remaining steadfast in executing our strategic priorities.
“We are encouraged by the improvements in Nigeria’s macroeconomic conditions, marked by increased forex liquidity, a relatively stable naira, and easing inflation.
“However, the recent escalation in global geopolitical and trade tensions presents risks to the broader outlook,” he said.
Toriola said MTN remained optimistic about its growth trajectory given the opportunities within the market. (GBN)
