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MTN Nigeria Communications Plc reported an impressive 42.5% increase in its Q1 2021 profit after tax, it still had a few issues to worry about. Said worries stemmed from the dramatic declines in the telco’s mobile subscribers and active data users, as you shall see shortly. An Overview of MTN Nigeria’s Q1 2021 Financials Chief Executive Officer, Karl Toriola, wasn’t wrong when he commented on the company’s Q1 financial performance saying: “We made good progress in the first quarter of 2021 despite the continued impact of the COVID-19 pandemic.” This is because total revenue for the period increased significantly by 17.2% to N385.1 billion, up from N328.5 billion during the comparable period last year. Similarly, profit after tax surged by 42.5% to N73.7 billion when compared to N51.7 billion in Q1 2020.

Karl toriolaKari toriolaNational communications commissionMtn nigeria communications plcNigerian identity management commissionNigerian communications commissionNational identity management commissionNational identity numberCommunications plcExecutive officerEarnings before interestBusiness elites africaPolicy affectedதேசிய தகவல்தொடர்புகள் தரகுமதன் நைஜீரியா தகவல்தொடர்புகள் ப்ல்நைஜீரியன் அடையாளம் மேலாண்மை தரகு