MTN Nigeria Reports N707.5bn Profit After Tax

MTN Nigeria invests N1.62 trillion in network infrastructure between 2025 and the first half of 2026, as its profit after tax rose 70.6 per cent to N707.5 billion.

The Chief Financial Officer (CFO), MTN Nigeria, Modupe Kadri, disclosed this during an interactive session with newsmen in Lagos in its H1 2026 Mid-Year Catch-Up Presentation.

The presentation is titled, “Beyond the Numbers: What the Results Tell Us About Nigeria’s Digital Future.”

Kadri said the sustained investment was aimed at expanding broadband access, improving service quality and supporting Nigeria’s digital economy and long-term growth.

He said the telecom operator reported N3 trillion service revenue in H1 2026, representing a 25.9 per cent year-on-year increase, driven mainly by data services.

According to him, data revenue rose 38.4 per cent to N1.70 trillion, accounting for 57 per cent of total service revenue, while voice contributed N993 billion or 33 per cent.

“Active data users increased 9.3 per cent to 55.7 million, while subscribers grew by 4.9 per cent to 92.2 million during the period.

“Network data traffic expanded 25.8 per cent as average monthly data consumption reached 14.8GB per user, reflecting rising demand for digital services,’’ the News Agency of Nigeria (NAN) reports.

According to the MTN official, capital expenditure, excluding leases, stood at N620.5 billion in H1 2026 after investing N1.003 trillion in 2025.

Kadri said the investments expanded network capacity, reduced congestion and strengthened customer experience through new sites, fibre deployment and data centre infrastructure.