MTN Nigeria has reported a profit of N1.1 trillion for the 2025 financial year, marking a sharp turnaround from the challenges faced in 2024 and reflecting a strong rebound in Nigeria’s digital economy.

Speaking on Channels Television, the Chief Financial Officer of MTN Nigeria, Modupe Kadri, outlined the company’s performance, noting a 22.9 per cent rise in service revenue to N392.2 billion, driven largely by strong activity in the third quarter.

The recovery, the company said, was driven not by chance but by aggressive capital expenditure.

Kadri disclosed that MTN Nigeria’s investment in the sector reached unprecedented levels, noting, “We spent about N1tn in 2025, significantly higher than our 2024 investment levels. We will continue now that we have a business case to make this investment.”

He added that the company deployed more than 2,850 new network sites within the period.

Despite the strong profit and expanded infrastructure, the CFO maintained a grounded view on when consumers would begin to fully feel the impact of these investments.

He also addressed the recurring question of whether higher earnings automatically translate into immediate improvements in service quality.

“The telecommunications industry is capital-intensive. Even when the capital is available, improvements in network infrastructure take time to materialise. We are not out of the woods yet, but the impact of such investments will be fully realised in time,” Kadiri said.

Kadri, however, noted that while private investment remains a key pillar of their growth, much of the current expansion is being financed through the company’s operating cash flow.