Here’s what to know as MTNN reports N400.4bn FY’24 loss

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MTN Nigeria Communications Plc (MTN Nigeria) has announced its audited results for the year ended December 31, 2024.


The company’s total subscribers increased by 1.6 percent to 80.9 million. Its active data users increased by 7 percent to 47.7 million.


Service revenue increased by 35.9 percent to N3.3 trillion. Earnings before interest, tax, depreciation and amortization (EBITDA) increased by 9.2 percent to N1.3 trillion.

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