MTN Nigeria Plc has announced a staggering loss before tax of N177.8 billion for the fiscal year 2023, a significant downturn from the N518.8 billion pre-tax profit reported a year earlier. The losses have led to a complete wipe-out of shareholders’ funds. The primary driver behind this unprecedented loss is a massive foreign currency loss amounting to N740 billion, a drastic increase from the N81 billion reported in 2022. Despite challenging conditions, the company witnessed several key highlights, including a 5.3% increase in total subscribers to 79.7 million and a 12.7% rise in active data users to 44.6 million. However,…