MTN Nigeria has reported a remarkable N1.1 trillion profit for the 2025 financial year, marking a sharp turnaround from the fiscal challenges experienced in 2024 and highlighting a renewed strength in Nigeria’s digital economy.
Speaking during an interview on Channels Television, the company’s Chief Financial Officer, Modupe Kadri, described the performance as “impressive,” revealing that service revenue grew by 22.9 per cent to reach N392.2 billion. He attributed the growth largely to increased activity in the third quarter of the year.
Kadri noted that the company’s recovery was driven by aggressive capital investment, with spending reaching about N1 trillion in 2025—significantly higher than the previous year. According to him, the company intends to sustain this level of investment now that it has established a viable business case.
Despite the strong financial performance and the rollout of over 2,850 new network sites, Kadri cautioned that improvements in service quality may not be immediate. He explained that the telecommunications sector is highly capital-intensive, meaning infrastructure upgrades take time before consumers begin to feel their full impact.
“We are not out of the woods yet, but the impact of such investments will be fully realised in time,” he said.
Looking ahead, MTN Nigeria is shifting focus to underserved and unconnected populations, particularly in rural areas. The company is targeting a 70 per cent broadband penetration rate, leveraging both conventional infrastructure and emerging technologies.
Kadri revealed that with industry-wide investments exceeding $1 billion, the company is advancing initiatives such as the Bridge Project and a “satellite revolution” to close connectivity gaps across the country.
He added that much of the ongoing expansion is being funded through the company’s operating cash flow, underscoring the role of private investment in driving growth within Nigeria’s telecom sector.
The latest performance reflects growing demand for digital services and positions MTN Nigeria as a key player in expanding connectivity and supporting economic development nationwide.
