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Nairaland Forum / Nairaland / General / Business / Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses (23233 Views)
Eight Manufacturers Suffer ₦627 Billion FOREX Losses / Cadbury Nigeria Reports N28.2billion Loss In 2023, Shareholders’ Funds Wiped Out / Nestle Nigeria Posts N104bn Loss In 2023, Shareholders Funds Wiped Out (2) (3) (4)
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Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by References1: 11:28am On Mar 01 |
MTN Nigeria Plc has reported a loss before tax of N177.8 billion compared to a pre-tax profit of N518.8 billion a year earlier. The losses resulted in a wipe-out of shareholders’ funds. https://nairametrics.com/2024/03/01/mtn-nigeria-incurs-n740-billion-in-forex-losses-shareholders-funds-wiped-out/?amp=1 4 Likes 1 Share
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Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by MrSundry: 12:37pm On Mar 01 |
2023 was a massive bloodbath for companies in Nigeria with forex exposure. The irony of the Fx issue is; while banks are declaring record profits, those in real sectors are declaring massive losses. 85 Likes 7 Shares |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by AllTheWayUp: 2:08pm On Mar 01 |
The Tinubu curse keeps striking Nigerians harder Dem go feel it 70 Likes 3 Shares
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Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by STEWpid(f): 2:09pm On Mar 01 |
Chai.. Osenoboa!!! Does it mean my share of 0.0612% of MTN NG is gone? MTN cannot tell me that bullshitticus!! 8 Likes |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by sweetkev(m): 2:09pm On Mar 01 |
Tinubu has nothing to offer Nigeria except suffering and calamity. 42 Likes 2 Shares |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by Mayydayy(m): 2:09pm On Mar 01 |
If big corporations like mtn are recording this amount of loss,then you should Imagine what SMEs and other little business are going through in this country. Let's keep playing politics with everything but the truth is that the terrible realities are still staring at us the face face. No reasonable foreign corporation will come to invest in this country at it's current state. It's our loss. 93 Likes 8 Shares |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by EmmaLege: 2:10pm On Mar 01 |
😦 |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by money121(m): 2:11pm On Mar 01 |
Otilor CLAP FOR MTN That's broad-day light robbery 8 Likes 1 Share |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by Judolisco(m): 2:11pm On Mar 01 |
Omo... Abeg wetin be d difference between forex and sport betting? 24 Likes 1 Share |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by AfahaAbia(m): 2:11pm On Mar 01 |
Interesting times indeed |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by sylve11: 2:11pm On Mar 01 |
Wow! |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by stephenponti(m): 2:11pm On Mar 01 |
Everybody just dey collect, their portion of Tinubulation 7 Likes |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by franchasofficia: 2:11pm On Mar 01 |
Who did this? Tinubu, oh my gosh 6 Likes 1 Share |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by AllTheWayUp: 2:11pm On Mar 01 |
MrSundry:The banks, Dangote group and BUA were the one getting forex below market rate, thus they are declaring profit while other multinationals ike Nestlé, Nigerian Breweries, Guinness, Cadbury, MTN, were getting forex at market rate and thus lead to their financial loss. The forex system in Nigeria is rigged Tony Elumelu is just cashing out every day from unfair forex trading thus he is always throwing parties almost every month like a yahoo boy that just cashed out 71 Likes 11 Shares |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by DesChyko: 2:11pm On Mar 01 |
Subscribers increased. Revenue down. |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by kekakuz(m): 2:11pm On Mar 01 |
Haaaa my shares . Don't play with me o 3 Likes |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by Reelmii: 2:12pm On Mar 01 |
Thank goodness i did not buy that year...this life ehn...sometimes its good to follow yr instincts ooo instead of trying to feel among 4 Likes 1 Share |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by 1899Milan: 2:12pm On Mar 01 |
This is scary mann. A company that healthy reporting these numbers just because of forex fluctuations....maad. 4 Likes |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by Kingrshd3: 2:12pm On Mar 01 |
pitObi actually caused this 5 Likes
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Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by Starboytwo(m): 2:12pm On Mar 01 |
Let Glo take over. |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by Offpoint1: 2:12pm On Mar 01 |
E don touch everybody be that... 1 Like |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by infohenry(m): 2:13pm On Mar 01 |
Effects of lagos blueprint and strategic planning of Jagaban. 12 Likes |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by inoki247: 2:13pm On Mar 01 |
Lol Shareholder better go and hold MTN well before dem run dem street.... Banks are cashing out while the companies are going bankrupt |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by Akpan107(m): 2:13pm On Mar 01 |
May God see us through... 2 Likes |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by Kingrshd3: 2:14pm On Mar 01 |
pitObi should have done better but he needs to wait till 2050 to win 😆 2 Likes |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by IkeGod9891(m): 2:14pm On Mar 01 |
Give thanks 👍 |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by Easybet1(m): 2:14pm On Mar 01 |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by EyeCumInPiece: 2:15pm On Mar 01 |
Only the spiritually blind fail to realise that Tinubu is a Curse and an Abomination to this country. Brace for more Tinubulation. 👋 16 Likes 1 Share
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Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by gaby(m): 2:15pm On Mar 01 |
Economy in shambles. Let's wait for the Economic adviser, Reno, to tell us the way forward. 5 Likes |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by DropsMic(m): 2:15pm On Mar 01 |
Nigerians don enter one chance bayi. The million dollar question now is, who will save us 😩. We clearly can’t help ourselves, and it seems like divine intervention isn’t coming either as no God anywhere send our papa. So, who will save us bayi¿ 😭😭 |
Re: Shareholders Funds Wiped Out As MTN Nigeria Incurs N740bn FOREX Losses by seborrhic: 2:15pm On Mar 01 |
Omo! FIRST loss since MTN started operating in NGR!! Emilokan,Emilokan,here we are!!! 11 Likes 1 Share |
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