MTN Nigeria is on track to generate ₦4.9 trillion in revenue by the end of 2025, driven by increased data tariffs, robust demand, and improved cost control. With Q1 profits rebounding to ₦133.7 billion and investor confidence rising, the telco is defying Nigeria’s tough macroeconomic climate.
Voice revenue regained control, rising to $1.96 billion and towering data revenues of $1.80 billion. Mobile money revenue grew to $994 million, with a continued strong performance in East Africa of 31.9% and Francophone Africa of 22.2%
"Our growth thesis is simple: Nigeria's broadband future sits in the last mile. It is critically underserved, but Legend has built a sustainable and well-positioned model to lead the change," Aisha Abdulaziz, chief executive officer (CEO) of Legend Internet said.