MTN Nigeria’s revenue grew to ₦1.77 trillion, while profit slumped 45% in the 9 months of 2023

Emmanuel Oyedeji -

In the third quarter of 2023, MTN Nigeria Communications Plc posted a 21.4% YoY revenue growth reaching ₦614.2 billion.

It however witnessed a substantial year-on-year decline in its profit before tax, falling by 75.7% to ₦32.08 billion, compared to ₦132.04 billion in Q3 2022, according to the group’s financial statement for the period ending September 30, 2023.