MTN Nigeria Cuts FX Losses 99% as Revenue Hits US$1.57 Billion

MTN Nigeria Data Revenue Hits N1.23trn Amid Tariff Hike

MTN Nigeria Plc’s data revenue rose by 69.2 per cent to N1.23trn in the first half of 2025 from N 727.33bn in 2024, driven by a recent hike in tariffs, active user base growth and higher data consumption. The company, during the period under review, 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, …

MTN Nigeria Cuts FX Losses 99% as Revenue Hits US$1.57 Billion

News Ghana, Latest Updates and Breaking News of Ghana, News Ghana, https://www.newsghana.com.gh/mtn-nigeria-cuts-fx-losses-99-as-revenue-hits-us1-57-billion/MTN Nigeria slashed net foreign exchange losses by 99.4% to $3.42 million in H1 2025, rebounding from a $581.50 million deficit a year earlier amid Nigeria’s improved currency stability. The telecom giant reported $1.57 billion revenue—a 54.6% year-on-year surge—driven by data revenue growth…

Inside MTN Nigeria's path to ₦5 trillion revenue

MTN eyes ₦5trillion revenue in 2025, as data usage, tariff hikes, and fintech push H1 results to ₦2.38 trillion.