MTN CEO assures the Company will Shutdown in Nigeria if..
MTN Nigeria’s CEO, Karl Toriola, has issued a stark warning regarding the company’s financial situation, citing that the telecom giant may face shutdown if tariffs are not adjusted upwards. Toriola emphasized that soaring operational costs, particularly driven by increased diesel prices and the devaluation of the naira, have severely impacted the company’s sustainability. MTN has reportedly suffered significant losses in 2024, and current tariffs no longer reflect the economic realities. Without intervention, including tariff hikes, service disruptions could be inevitable as the company faces unsustainable pressures.
