US EditionMTN Nigeria gets profit boost from stable naira, long-awaited price hikes
- MTN Nigeria reported a profit after tax of ₦133.7 billion for Q1 2025, marking a strong recovery in Lagos.
- This turnaround followed a steep loss in Q1 2024 caused by a 2023 naira devaluation and related foreign exchange losses.
- The company implemented a 50% tariff increase approved by the Nigerian Communications Commission, boosting service revenue by 40.5% year-on-year.
- MTN Nigeria increased capital expenditure by 159% to ₦202.4 billion to expand network capacity and improve user experience as CEO Karl Toriola emphasized sustained investment.
- The profit rise improved operational efficiency and investor sentiment, supporting plans for a share sale to fund further network growth and reduce debt.
14 Articles
14 Articles
MTN Nigeria’s profit more than doubles as tariff hikes jack up revenue
Revenue for the local operation of Johannesburg-based Africa’s largest mobile service provider MTN Group ascended 40.5 per cent to N1.1 trillion in the review period. The post MTN Nigeria’s profit more than doubles as tariff hikes jack up revenue appeared first on Premium Times Nigeria.
MTN Nigeria gets profit boost from stable naira, long-awaited price hikes
MTN Nigeria, the mobile operator's biggest market, returned to profit in its first quarter to end March, benefiting from relatively stable naira as well as the first upward adjustment to mobile tariffs in the country for over a decade.
How MTN Nigeria returned to profitability in 2025
After two years of navigating some of the most turbulent macroeconomic headwinds in its operating history, MTN Nigeria appears to be stabilizing and more importantly, profitable again. The post How MTN Nigeria returned to profitability in 2025 appeared first on Nairametrics.
Tariff Hike Pushes MTN’s Data Revenue To N529.44bn
MTN Nigeria Plc’s data revenue rose by 51.5 per cent to N529.44bn in the first quarter of 2025 from N349.5bn in 2024, driven by a recent hike in tariffs, active user base growth and higher data consumption. The company, during the quarter, received regulatory approval for price adjustments. The Chief Executive Officer of the telecom firm, Karl Toriola, said the commercial momentum drove broad-based revenue growth across core segments, including …
MTN Nigeria Reports Strong Q1 2025 Results With ₦1 Trillion Revenue, Profit Rebounds To ₦133.7 Billion
MTN Nigeria Communications Plc has reported a solid rebound in profitability and a significant expansion in service revenue for the first quarter (Q1) ended March 31, 2025. This was driven by continued network investments, strong subscriber growth and regulatory support for pricing adjustments. According to the unaudited financial results released on April 29, 2025, service […] The post MTN Nigeria Reports Strong Q1 2025 Results with ₦1 Trillion…
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