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The Lagos

MTN Nigeria earns more but keeps less cash

MTN Nigeria earns more but keeps less cash
Photo: TechCabal · view original

MTN Nigeria is earning more and generating stronger cash flows, but retaining less cash. Its nine-month results show how dividend payouts, network investments, and debt repayments are drawing on the financial buffer of Nigeria’s largest mobile operator. Profit after tax rose 55.3% to ₦1.17 trilli...

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