By Emeka Anaeto, Business Editor
The MTN Nigeria has staked up its earnings in Nigeria with the 2018 full year service revenue hitting N1.04 trillion, about 17.2 percent over the N884.5 billion it recorded in 2017 financial year.
At this record breaking revenue figures which also came with a huge operational margin of 43.6 percent, the company has consolidated its lead in Nigeria’s private sector earnings which it started over ten years ago.
The Chief Executive Officer of MTN Nigeria, Ferdinand Moolman, told financial press in Lagos that the strong performance was driven by its voice and data growth which rose by 18.7 percent and 39.3 percent respectively.
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But the voice services dominated the revenue profile with N783.1 billion or 76 percent of the total revenue, just as the mobile telecom giant recorded additional 5.9 million subscribers to bring its total subscriber base to 58.2 million.
It also…
