Joy is coming for MTN shareholders
- MTN Nigeria incurred negative shareholder equity of ₦324.6 billion, stalling dividend payments.
- The company reported net forex losses of ₦740.4 billion in 2023 and ₦925.4 billion in 2024.
- MTN Nigeria experienced its first annual losses since listing in 2019, with net losses after tax of ₦137.0 billion and ₦400.4 billion.
While MTN Nigeria has faced severe financial setbacks, the recent turnaround in profitability and the implementation of a strategic plan to restore shareholder equity are promising signs. However, the company must maintain transparency and effectively communicate progress to regain shareholder trust and ensure sustainable growth.
