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Nigeria contributes 30 per cent of the wireless operator’s revenue, according to the company’s financial reports released on Thursday, with East Africa, Francophone Africa and the telco’s mobile money business accounting for the rest. . Whether you turn to Premium Times for daily updates, in-depth investigations into pressing national issues, or entertaining trending stories, we value your readership.
Earnings for Airtel Africa took a hit from a $1.1 billion derivative and foreign exchange losses in Nigeria, which, alongside a jump in finance costs to $482 million, triggered a loss before tax of $63 million.