N554 Billion amassed by MTN toppled Dangote and Others as the Most Profitable Company in Nigeria in 2022

By Abdul Rahman Bangura-

Photo Credit: Foursquare

NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone– It is established on evidence huddled from the corporation’s audited results published on the Nigerian Exchange (NGX).

According to the NGX, the Nigerian economy broadened by 3.1% in substantial duration in 2022, exemplifying sluggish development when correlated to the earlier year’s 3.4% development. Headline inflation similarly rose to a 21-year high of 18.77% in 2022 due to the pass-through effect of the Russia-Ukraine war.

However, companies in the English West African nation have been eligible to improve their revenue, whilst providing significance in the their shareholders.

In 2022, fifty (50) top corporations recorded on the Nigerian Exchange (NGX) published a profit before tax of N3.54 trillion, exceeding the last year by 8.1% (N3.27 trillion).

For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent