Nigeria, March 16 -- The telecommunications giant MTN Nigeria, once a symbol of resilience in the African market, faced a staggering N400 billion loss in 2024.

This unexpected financial downturn has sent shockwaves across the industry, leaving stakeholders and investors pondering one critical question: When will MTN bounce back to profitability?

What Led to MTN's N400 Billion Loss?

Several factors contributed to MTN Nigeria's massive financial hit in 2024, ranging from economic instability to regulatory challenges. Here are the key reasons behind this setback:

1. Naira Devaluation and Forex Crisis

Nigeria's persistent foreign exchange crisis played a significant role in MTN's losses. The sharp depreciation of the naira against the do...