![]() ![]() The chief enabling architect of visionary in-country reforms to create jobs, wealth, investments, value, e.t.c.The No1 President who brought about unprecedented growth & development in Nigeria by the implementation of several mission critical projects in the period 1985 - 1993.A super-star military leader with an unwavering quest for excellence and productivity.IBB is known to many as the best President & Head of State Nigeria has produced in 110yrs of existence 1914 - 2023, and 63yrs of independence 1960 - 2023. HAPPY BIRTHDAY to Nigeria's□□ undisputed No1 Head of State & President, Gen. We are seeing a similar theme across different companies posting a forex loss. As a result, the company experienced a massive unrealised forex loss of 126 billion naira during the quarter. The Central Bank of Nigeria recently unified all exchange rates, which caused a significant drop in the naira's value. It declined from 181.6 billion naira in 2022 to 128.7 billion naira in 2023.Įxcluding the foreign exchange loss, their profit after tax would have increased by 13.4%. ![]() However, it's essential to note that MTN Nigeria faced a challenge with their profit for the period. MTN made about half a Trillion Naira on data in 6 months □ MTN reported that its 4G network now covers 80% of the population, up from 79.1% in December 2022, and data usage grew by 28.2% to 8.1GB in the period under review.ĭata revenue skyrocketed by an astonishing 34.9%, leaping from 348.5 billion naira to a jaw-dropping 470 billion naira! With more people using data on their smartphones, in summary, the average user is consuming more data. MTN reported its H1 numbers and I found it quite interesting. ![]()
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