MTN Nigeria Invests N1 Trillion in Network Expansion

MTN Nigeria has committed to investing N1 trillion in network upgrades and fiber infrastructure rollout by 2025, marking a substantial increase in capital expenditure compared to the previous year. This investment is part of a broader recovery strategy following a difficult financial year in 2024, where the company suspended dividend payments due to balance sheet strains.

Chief Executive Officer Dr. Karl Toriola emphasized that 2025 is a defining year for the company, linking improved earnings to renewed long-term infrastructure investments. The investment will facilitate the addition of base stations and enhance network resilience across Nigeria, which is critical for sustaining digital infrastructure.

MTN Nigeria's total subscriber base increased to 87.3 million, with active data subscribers rising to 53.2 million. The company's service revenue grew by 55.1% to N5.2 trillion in 2025, with earnings per share improving significantly.

The board has approved a total dividend of N20 per share for the financial year, indicating a restoration of financial stability.