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MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 - Business (3) - Nairaland

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BUA Cement Releases Financial Results For Q1, 2020, Records N20.1 Billion Profit / MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 / Zenith Bank Plc Records N47 Billion Profit After Tax In First Quarter (2) (3) (4)

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Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by coolebux(m): 11:21am On Apr 30, 2020
Covick 1-9 proceeds
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by LordviccoDaGuru(m): 11:21am On Apr 30, 2020
Good
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by Nnatuu: 11:21am On Apr 30, 2020
Does this mean that the government made over 20bn from tax from them in a quarter?

So where is the money funneled to?
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by MISSCONGENIALITY(f): 11:21am On Apr 30, 2020
gamapoy539:
Beautiful, the the government should increase their tax.
No they won't. Na when me and you open small shop wey no rich 100k, different groups of tax collectors Will be coming everyday and the government won't be able to protect us from them because they are working for the government.
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by emmanuelewumi(m): 11:24am On Apr 30, 2020
gamapoy539:
Beautiful, the the government should increase their tax.


Business currently pay a corporate income tax of 30%, FG earned corporate tax of N60 billion from MTN in 2019
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by flokii: 11:25am On Apr 30, 2020
MrCGPA:
Those Nigas are making cool money and suffering our people. No direct staff again. All the Field workers are contract staffs to different outsourcing companies. I envy Ghana for protecting their citizens from Outsourcing!

That is what we keep saying that "Contract staffing" or "Outsourcing" or whatever are smart ways the so called multinationals use to enslave workers in Nigeria.

Don't be surprised Nigerians like you and I are the ones backing them for their selfish gains. Even the legislooters have no use or importance again on labour related matters in the country.

I wonder why everything in this country is just upside down and nobody is blinking an eye or reacting. Why I like Sowore for his vocal nature
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by gowonmaharajah(m): 11:25am On Apr 30, 2020
mteeeww.... Glo rules the world jare

1 Like

Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by espn(m): 11:25am On Apr 30, 2020
seunmohmoh:
See figures everywhere.

God when?
One day as far as the hustle doesn't stop...and one needs to keep up with trends...Thinking outside the box...
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by Thryphosa(m): 11:29am On Apr 30, 2020
Me sef follow contribute, I now use twice of data I was using before this lock down. Coro is really a blessing for MTN.
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by Nobody: 11:29am On Apr 30, 2020
Big figures and find it difficult to give FG 1billion 😃😃😃😃
Anyway check my signature on how to make money with Facebook page
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by emmanuelewumi(m): 11:29am On Apr 30, 2020
jaggabban:
The gains of covid -19.


This is Q1 result, that 1st January 2020 to 31st March 2020.

Impact of the lockdown will be seen in Q2 performance, that is 1st April to 30th June
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by Angelfrost(m): 11:29am On Apr 30, 2020
Davash222:
After calling them Empty Hen, una still dey buy their line. 4.2Million new subscribers!

With the way Glo, Etisalat, and Airtel are delivering, that profit margin of mtn will only keep soaring!!!

This economic recession will never affect them and their staff...
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by bakkunm: 11:35am On Apr 30, 2020
Like it or not,MTN network is the best
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by tarantino1: 11:35am On Apr 30, 2020
NaijadrivaCars:
If not that Glo network is bad for browsing, I would not have added to the MTN profit this quarter.

I swear. Mtns only there cos we have nothing better
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by appliedscience(m): 11:39am On Apr 30, 2020
gamapoy539:
Beautiful, the the government should increase their tax.
And mtn will also increase the call/sms/data tarrif, Weda openly or secretly...
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by fatymore(f): 11:41am On Apr 30, 2020
With their expensive data
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by Nobody: 11:45am On Apr 30, 2020
Since I switched to MtN I found peace and much love
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by Sagay212: 11:46am On Apr 30, 2020
They will gain customers because other networks are useless. The only complain most people have about MTN is that their subscription doesn't last. But if you are going to be honest with yourselves, MTN is very fast when it comes to internet speed.

Other networks keep wasting money on useless adverts instead of focusing on improving the quality of their services. Unfortunately GLO that happens to be a nigerian brand is the worst network. Poor call quality and extremely slow and useless internet speed.

MTN will continue to make good money since they offer best internet service compared to Airtel, glo, 9mobile.
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by edoairways: 11:47am On Apr 30, 2020
gamapoy539:
Beautiful, the the government should increase their tax.
Company income tax is flat across board especially for those that make up to N50m
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by Udopasa: 11:48am On Apr 30, 2020
Criminals! Why wouldn't they make more gains when they kept extorting data users this covid-19 period.

Ndi ara
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by edoairways: 11:50am On Apr 30, 2020
appliedscience:

And mtn will also increase the call/sms/data tarrif, Weda openly or secretly...
It depends on the type of tax. If MTN are affected they might bear the burden since their competitors aren't.
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by jonahhh: 11:51am On Apr 30, 2020
baristeredme:
They make huge profits in our country and yet they kills us in their stupid country

Blame your gov. Not mtn cause na our gov really dey sell us out...
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by Joeuc1: 11:52am On Apr 30, 2020
Wow, MTN are really making it in Nigeria.
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by KunleyY19(m): 11:53am On Apr 30, 2020
Mehn MTN dey cashout realtime...
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by edoairways: 11:55am On Apr 30, 2020
coolebux:
Covick 1-9 proceeds
You can assess the impact of Covid 19 now because the financial report covers January to March 2020. You start seeing the effect from April to June all things been equal.
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by najib41: 11:57am On Apr 30, 2020
I’m happy for the shareholders.
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by Papichulostunne(m): 11:57am On Apr 30, 2020
Is N329bn a kind of formula or na money i dey see there?
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by HIGHESTPOPORI(m): 12:04pm On Apr 30, 2020
Nice one. Some companies are making more money this period. Meanwhile sub your Dstv and Gotv from home and contact us for any issues.
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by luluosas(m): 12:07pm On Apr 30, 2020
We SME resellers are the greatest contributors to their skyrocketing gains, but they refused to do us well by refusing to reduce subscription costs for us. It is well
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by Orestino(m): 12:08pm On Apr 30, 2020
Beauty of the telecommunication industry.. come what may, they will make their gains.. at least hope dey say MTN go pay us our scholarship money this year grin
Re: MTN Nigeria Made ₦51 Billion Profit And Gained 4.2 Million New Subscribers In Q1 by Bobyro: 12:11pm On Apr 30, 2020
kikero:


Yeah, I use 9 mobile for data. I would like to change, but they are just as good as MTN, plus where I live, MTN somehow is not strong enough compared to 9 mobile. (I hear Airtel is the strongest network in my area tho.).

9 mobile chops money...though on the plus side, their prices have kind of come down.
Na WA o. If the price is down I'll definitely go get a 9mobile sim

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