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CEO MTN Nigeria - Karl Toriola on USSD Debt Crisis
News

MTN & Airtel Slash $1.2B in Foreign Debt to Stabilize Amid Naira Volatility

MTN Nigeria & Airtel Africa Cut Foreign Debt to Ease FX Burden MTN Nigeria and Airtel Africa have aggressively reduced their foreign currency debt, repaying $1.2 billion in 2024. This move aims to ease foreign exchange (FX) risks, restore profitability, and strengthen their financial positions following steep losses caused by the naira’s depreciation in 2023.…
March 10, 20250Comments

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Airtel Africa
News Operations

Airtel Africa Cashed Out in Other Countries, Loses Only In Nigeria

Airtel Africa latest financial report for the period ended December 2024 reveals significant losses in Nigeria, its largest market. Despite an overall increase in user base and data consumption, currency devaluation has severely impacted its Nigerian revenue. Meanwhile, the company saw revenue growth in East and Francophone Africa. Nigeria: A Major Revenue Drop Despite Growth…
February 21, 20250Comments

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