Ravon:
MTN Nigeria announced a profit after tax of ₦51 billion in Q1 2020 - a 6% increase compared with Q1 2019. This increase was largely driven by revenue from data subscriptions, which rose to ₦74 billion – a 60% increase compared with Q1 2019. Revenue from data subscriptions is expected to further increase this quarter (Q2 2020) as workers in many parts of Nigeria are working remotely due to the coronavirus outbreak.

- Revenue grew by 16.7% to N329bn from N282bn in the previous quarter.
- Profit before tax grew by 8.9% to N76bn.
- Profit after tax grew by 5.6% to N51bn.
- Net Assets grew by 35.3% to N196bn from N145bn.

Service revenue rose by 16.7 percent year on year to NGN 328.5 billion, driven by voice and data revenue. Net profit increased by 5.6 percent to NGN 51.15 billion from NGN 48.44 billion in Q1 2019 and earnings per share increased by 5.6 percent to NGN 0.025.

EBITDA grew by 15.3 percent year on year to NGN 173.5 billion resulting in an EBITDA margin of 52.5 percent, an increase of 0.6 percentage points. Mobile subscribers increased by 4.2 million to 68.5 million, an increase of 7.4 percent. Active data users increased by 1.7 million to 26.8 million and data revenue grew by 59.2 percent. The performance was achieved against the backdrop of several developments during the quarter. Value-added tax (VAT) was increased in February from 5.0 percent to 7.5 percent, which adversely affected both revenue and costs.

MTN Nigeria said mobile subscribers increased by 4.2 million to 68.5 million, an increase of 7.4 percent.

MTN Nigeria’s Chief Executive Officer, Ferdi Moolman, said data revenue increased by 59.2 percent due to growth in data traffic and the addition of 1.7 million active Internet subscribers to the network during the quarter.

The situation has been exacerbated by upheavals in the global oil market, which put significant downward pressure on oil prices, leading to an exchange rate adjustment by the Central Bank of Nigeria on 20 March, increasing some of the operator's costs. In addition, a series of lockdown measures began being implemented globally in response to the Covid-19 pandemic, resulting in significant operational challenges and supply chain disruptions.

SOURCE: https://brandspurng.com/2020/04/30/mtn-nigeria-made-%e2%82%a651-billion-profit-and-gained-4-2-million-new-subscribers-in-q1-2020/

sexymoma:
You see my problem in this country is even the news casters, those ones that claim to be educated will coviniently pronounce the figures.
Now every evening you inform us about those that has been discharged... At night you'll give us another figures of those tested positive..
So all those SAN, celebrities, politicians, professors in Nigeria can't question FG about real numbers of those infected..
Substract those discharged from 627
That is 470 - those that died 21
That 436
Total: 436
That is why they keep fooling us, we won't ask questions, we'll just sit there, permit me to say 90 percent of our so called celeb are just too dull.walai I dey boil...

newdawn2017:
40k is much naa

iamleumas:
WHAT SHOULD I DO??
Good afternoon Nairalanders
How's your Sunday going Sir/ma?...

Please I just finished my HND programme and I heard we're going for NYSC next year (April) but I don't want to waste the period between now and that month.

My Question is:
Which lucrative skill can I learn within 3 months?
Please suggest me sir/ma
Thanks in anticipation...

Godwin07039:
����

Pipedreams:
Ugly girl..See her fat face. Davido gat no taste

Timil:
I wonder what this actresses do that makes them live more extravagant than their male counterpart.

Ohh I forgot anything with a hole in between the legs feeds off men to earn a living.

Promismike:


Sense go kill u

Completely true. You really dated many of them.

Immediately you say hi to them. The next you get is send me card. My phone is bad. My rent is due, etc Nigeria leeches. Not ladies.

Jaymaxxy:
I do not pity Buhari. Tinubu was fighting against a Saraki's senate presidency but Bubu was there forming democrat. An Obasanjo wouldn't have allowed Saraki smell that seat.

donstan18:
A normal man with working brain will relocate if his wife earns 750k when he's earning 150k.

But a wise man with so much wisdom will ask the following questions before deciding what to do.

>Who is my wife?
>Is she dominant and self-centered?
>Will she rub it to my face?
>How comfortable am I with my financial level?
>Is she disrespectful or understanding?
>What are the possibilities that her attitude will change?

If you can give yourself answers to these questions, you'll be able to decide. Because it'll be a mistake to take such decision with a wrong woman.

But wait ooo..…Where are the wives earning 750k while there husbands earns 150k, Are they Nigerians? Or are they from Croatia? Too much assumptions in this country,

AutoJoshNG:

It is sad to say, but Nigeria is a place that anything goes.

Laws are easily flaunted, while the law enforcers look away.

Often the outcome of these lawlessnesses is that lives often get lost from avoidable mishaps. The tanker fire tragedy at the Otedola Bridge, Berger, Lagos, comes to mind.

The photo below shows how the unavoidable loss of lives are orchestrated with the law enforcers and the authorities conveniently paying no attention.

It is a photo of a truck transporting an unattached container on the road. Even worse is that the container stretches longer than the capacity than the trailer is design to carry.

Clearly, this is tragedy in orchestration.

https://autojosh.com/a-dangerously-unattached-container-on-a-trailer-spotted-on-the-road-see-photo/

DSDLIVEREPORT:
God's hand will continually be on this marriage. The forces that saw the end of your parent's marriage will not see yours. Congrat

AutoJoshNG:

To his family, he is known as David Adedeji Adeleke.

However, to the rest of the world, he is better known by the stage name, Davido.

Davido is an Atlanta-born Nigerian singer, songwriter, record producer and record label head-honcho.

His amazing success in the music enterprise, at a relatively young age, has earned for him considerable fortune.

In the short period in his musical reign, Davido has made some very expensive acquisitions. For instance, he acquired for himself not a few choice cars.

His garages – here in Nigeria and at his Atlanta home – have a vast array of fascinating automobiles.

Some of them include; a 2018 , Audi R8 Coupe , Chevrolet Camaro, 2017 Mercedes Benz GLE 450, Porsche Carrera, Mercedes Benz Sedan AMG, Porsche Panamera Turbo S, Range Rover Sport, Mercedes G Wagon, etc.

Interestingly, and ironically too, of all the cars that the “Dami Duro” crooner has acquired, the Porsche Cayenne that he gifted his girlfriend, Chioma, on her 23rd birthday, has turned out to be his most popular automobile acquisition yet.

Autojosh.com presents the car collection of Davido.































https://autojosh.com/checkout-davidos-stupendous-car-collection/
Bsc n MSC can't get u dese powerful machine...oh God hear my cry n answer me speedily...

ken2046:
i dont talk much my game do the convincing call or whatsapp if interested

ify20010127:
keep winning or remain poor call or whatsapp the number below to subscribe the choice is yours