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MTN Nigeria profits surges ahead of Q1 results amid profitability hopes
Business featured

MTN suspends Xtratime airtime, data credit service

MTN Nigeria has temporarily suspended its airtime and data credit advance service, widely known as Xtratime. The telecom operator disclosed the development in a corporate notice filed with the Nigerian Exchange on Thursday. Xtratime enables subscribers to borrow airtime or data and repay on their next recharge, a service that has become essential for millions […]

MTN Nigeria to build infrastructure for network platform
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MTN rebounds with N1.1tn profit in 2025 financial year

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 […]

Telcos seek price hike, present demand to lawmakers
featured Telecommunications

Airtel, MTN back ₦70,000 4G phones to bring Nigerians online

A coalition of Africa’s largest mobile operators plans to pilot entry-level 4G smartphones in Nigeria and five other countries starting in 2026. The target retail price for these devices is about N70,000, equivalent to roughly $40 at an exchange rate of N1,400 to the dollar. The operators are betting that large-scale production combined with regulatory […]

Telecommunications

MTN, Airtel generate N3.6tn data revenue amid growing internet use

Nigeria’s top telecom operators, MTN and Airtel, generated over N3.6 trillion from data services alone, reflecting the country’s growing demand for internet connectivity. Data revenue has long surpassed voice as the primary income stream for mobile network operators, but recent financial reports show that the growth of data earnings has far outpaced that of voice […]

MTN Nigeria to build infrastructure for network platform
Business

MTN projects sharp profit turnaround with strong Nigerian, Ghanaian operations

Africa’s biggest mobile network operator, MTN Group Ltd., has forecast that its full-year earnings will more than quadruple, driven by a strong rebound in its Nigerian and Ghanaian operations. Th telecoms giant announced this in a trading statement on Monday, projecting headline earnings per share of 10.62 to 11.68 rand for the 12 months ending […]

News

Transcorp, DMO, MTN win at NGX ‘Made of Africa’ awards

Transnational Corporation Plc, the Debt Management Office, and MTN Nigeria Communications emerged as major winners at the 2025 Made of Africa Awards organised by the Nigerian Exchange Group. The awards ceremony, announced on Thursday, celebrates institutions and individuals who promote excellence and strong performance in Nigeria’s capital markets. The recognition covers brokers, issuing houses, trustees, […]

MTN Nigeria to build infrastructure for network platform
Business

Senior MTN manager buys N40.9m in company shares

MTN Nigeria Communications Plc has disclosed that its Senior Manager, Financial Operations, Olugbenga Ojeranti, acquired 81,327 shares in the company for about N40.9 million. The shares were bought at an average price of N504, as part of a wave of insider share acquisitions announced after the company released its financial results in late October 2025. […]

MTN Nigeria enters cloud market with $100m data centre launch
Business

MTN urges accountants to adopt emerging technologies

As digital technologies transform global business operations, MTN Nigeria has urged accountants and finance professionals to retool, upskill, and adopt emerging technologies to stay relevant in today’s rapidly evolving digital economy. Speaking at the 55th Annual Accountants Conference of the Institute of Chartered Accountants of Nigeria, the company’s Chief Financial Officer, Mr. Modupe Kadri, emphasized […]

MTN Nigeria profits surges ahead of Q1 results amid profitability hopes
Tech

MTN to disrupt service in three states for fiber maintenance

MTN Nigeria has announced that subscribers in parts of Adamawa, Borno, and Kano states will face temporary service disruptions this weekend due to scheduled network maintenance on a damaged fiber route. In a notice issued Friday, the company said the exercise will take place on Saturday, August 24, 2025, affecting 101 sites across 15 Local […]

MTN winds down BEE scheme, pay out modest returns to investors
News

MTN winds down BEE scheme, pay out modest returns to investors

South Africa’s largest telecoms firm, MTN, will close its Black Economic Empowerment investment vehicle, Zakhele Futhi, on 28 July 2025, marking the end of a nine-year initiative aimed at broadening economic inclusion for Black South Africans. MTNZF shareholders will receive a total payout of $1.10 per share—the value of their initial investment—along with modest gains […]

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