MTN Nigeria has demonstrated remarkable market leadership by achieving a 54.6 per cent revenue growth in the first half of 2025, totalling ₦2.38 trillion.
This growth surpasses major global and African telecom companies, firmly establishing MTN Nigeria at the forefront of the continent’s telecom sector.
Data monetisation and fintech expansion drive MTN Nigeria’s growth
The surge in revenue can be attributed to MTN’s focus on data monetisation and fintech expansion.
RelatedPosts
Data revenue increased by an impressive 85.6 per cent year-on-year to ₦701 billion, while fintech revenue grew by 71.8 per cent to ₦83 billion.
With a substantial 52 per cent share of Nigeria’s 172 million mobile subscriptions, MTN Nigeria has solidified its position as a dominant player in the national market.
MTN Nigeria’s profit after tax rebounded to ₦414.9 billion
Furthermore, the company’s profit after tax rebounded to ₦414.9 billion, showcasing resilience and innovation amidst economic challenges.
Analysts commend MTN Nigeria’s strategic approach, combining competitive pricing, digital service penetration, and extensive infrastructure investments, positioning the company as a resilient and forward-thinking telecom operator on a global scale.
The success of MTN Nigeria underscores the potential for African telecom operators to outperform international counterparts through innovation, financial inclusion, and customer-centric digital strategies.
This achievement sets a new standard in the global telecom industry, highlighting the opportunities for growth and advancement within African markets.
MTN Fintech’s financial performance in H1 2025
Techpression reported last week that strong performance in airtime lending and growth in advanced services drove MTN Nigeria’s financial technology revenue to nearly double in the second quarter of 2025.
Its unaudited financial results for the half-year that ended on June 30, 2025, show that fintech revenue increased by 84.2 per cent to ₦47.1 billion in Q2 from ₦25.6 billion in the same period the previous year.
Fintech revenue increased 71.8 per cent to ₦83.2 billion in the first half of 2024 from ₦48.4 billion in the first half of 2024.
The telecom behemoth credited the expansion to its growing array of cutting-edge services and its airtime lending product, Xtratime.
It pointed out that its partner network’s assistance in enhancing its fintech ecosystem helped attract more valuable users.
MTN Nigeria’s H1 results in comparison with other major Telcos in Africa
MTN’s growth is particularly noteworthy compared to other leading telcos in H1 2025.
With a notable increase in both data users and total subscribers, Airtel Africa reported a 19.9 per cent growth in constant currency. The substantial growth in Egypt was the primary driver of the 10.6 per cent increase in Vodacom Group’s Q1 service revenue.
Retail expansion was the primary driver of Orange’s 12.8 per cent year-over-year growth in Africa and the Middle East. Safaricom’s service revenue increased by 10 per cent.