MTN Nigeria has recorded a commanding financial turnaround, posting a Profit After Tax of N750.2bn, underscoring the resilience and visionary strategy of its Nigerian-led management team.
The company highlighted in a statement on Sunday that over 45 per cent of its leadership positions are held by women, a factor that continues to shape corporate strategy and long-term value creation.
The CEO, Karl Toriola, emphasised that the impressive results were driven by the delivery of “strategic and commercial initiatives, commitment to efficiency and prudent financial management.” He noted that the management team’s local expertise was critical in navigating Nigeria’s unique macroeconomic challenges.
“This outcome is anchored in the core pillars of our Ambition Beyond 2025, which have led to a 57.5 per cent increase in service revenue,” Toriola said.
The company’s growth is underpinned by significant investment in capacity and quality of experience, with capital expenditure (excluding leases) reaching N757.4bn.
MTN continues to maintain its leadership in the country’s digital space, becoming the first telco to achieve over 82 per cent 4G population coverage and the first to deploy 5G. According to the company, this ensures that connectivity is accessible to every Nigerian.
MTN’s growth strategy also extends into financial inclusion through its MoMo platform, which now has 2.9 million active wallets. Fintech revenue has jumped 72.5 per cent, reflecting the company’s commitment to expanding digital financial services.
Beyond commercial success, MTN Nigeria has demonstrated a significant contribution to national development. The company has paid over ₦6.9tn in taxes, levies, and duties, while its foundation has invested over N32.23bn in national priorities, spanning education, health, and social impact programmes.
Toriola noted, “Our operational and financial results are a testament to the dedication of our local management team, the strategic deployment of resources, and a commitment to enhancing the digital lives of Nigerians.”
MTN Nigeria’s performance highlights the role of strong leadership, gender diversity, and strategic investment in driving growth, while contributing meaningfully to the country’s socioeconomic progress.
