mtn

MTN Nigeria has reported strong financial results for the first half of 2025, with revenue reaching $1.57 billion under the leadership of CEO Karl Toriola, marking a significant growth in digital services and data monetization^[7]. This follows a period of robust quarterly growth, with Q2 2025 consolidated revenue totaling ₦2.38 trillion (~$1.57 billion), representing a 54.5% year-on-year increase. Profit attributable to shareholders reached ₦414.9 billion after a loss in the previous period, signaling a return to profitability^[5].

The company’s operational momentum has been buoyed by strategic investments and business adjustments. In Q1 2025, MTN Nigeria committed $1.4 billion to capital expenditures (Capex), a 159% year-on-year surge, focusing on network upgrades and expanded service reach. This investment has supported significant increases in both service revenue and data revenue, which climbed 51.5% year-on-year due to growing user demand and enhanced infrastructure^[3].

Amid a nationwide tariff adjustment that approved a 50% rate hike—the first in 11 years—MTN Nigeria’s CTO Yahaya Ibrahim announced that users can expect major network enhancements by Q4 2025 as new infrastructure is deployed to address service quality issues and rising demand, especially in underserved regions^[1]. Despite ongoing customer frustrations regarding network reliability and speed, company leadership states that the improvements will continue as part of a “constant cycle” to match Nigeria’s explosive data growth and device connectivity needs^[1].

On the continental level, MTN Group observed a 9.1% increase in active data subscribers, totaling 161.7 million by the end of March 2025. The Group continues to pursue network sharing agreements with other operators such as Airtel, as well as partnerships with low-Earth orbit (LEO) satellite providers like Starlink and Lynk Global. These efforts are directed at accelerating connectivity and digital inclusion, especially in remote areas, while expanding mobile money and fintech services^[2].

As part of its overarching Ambition 2025 strategy, MTN Group recently announced the structural separation of fintech and GSM businesses in Uganda, a move overwhelmingly approved by shareholders. This initiative aims for greater scale and efficiency for mobile money operations across MTN’s markets, with Uganda leading and Ghana expected to follow^[4].

Recent media releases from MTN highlight further advancements, including leading Microsoft Azure certifications for Africa, strategic expansions, and additional efforts in digital safety and community development^[6]. The Group’s ongoing focus is on driving digital solutions and enabling Africa’s continued economic and social progress.

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