MTN Nigeria’s nine-month profit rises 55% to N1.17tn
- ✦To support this demand, Toriola said the company’s capital expenditure, excluding leases, reached N864.8bn during the nine months, representing an increase of 14.2 per cent, as it expanded network coverage and capacity.
- MTN Nigeria recorded a 55.3 per cent increase in profit after tax to N1.17tn in the nine months ended September 30, 2026, supported by higher revenue, improved operating margins and increased demand for data services.
- MTN Nigeria’s Chief Executive Officer, Karl Toriola, attributed the performance to rising demand for connectivity and the company’s continued investment in network infrastructure.
- To support this demand, Toriola said the company’s capital expenditure, excluding leases, reached N864.8bn during the nine months, representing an increase of 14.2 per cent, as it expanded network coverage and capacity.
MTN Nigeria has recorded a 55.3% increase in profit after tax to N1.17tn for the nine months ended September 30, 2026, driven by higher revenue.
Frequently Asked Questions About This Story
What is the latest development regarding MTN Nigeria?
MTN Nigeria recorded a 55.3 per cent increase in profit after tax to N1.17tn in the nine months ended September 30, 2026, supported by higher revenue, improved operating margins and increased demand for data services.
Who are the key organizations or public figures mentioned?
MTN Nigeria’s Chief Executive Officer, Karl Toriola, attributed the performance to rising demand for connectivity and the company’s continued investment in network infrastructure.
What timeline or key figures were confirmed?
MTN Nigeria recorded a 55.3 per cent increase in profit after tax to N1.17tn in the nine months ended September 30, 2026, supported by higher revenue, improved operating margins and increased demand for data services.
