MTN Nigeria Drives MTN Group's Growth in H1 2026

MTN Nigeria has emerged as a crucial growth driver for MTN Group, reporting a 25.9% increase in service revenue to approximately N2.99 trillion for the six months ending June 30, 2026. This growth is attributed to rising data consumption and an increase in subscribers, which grew by 4.9 million to reach 92.2 million.

The overall service revenue for MTN Group rose by 17.5% to R115.3 billion, with adjusted headline earnings per share increasing by 21.3% to 793 cents. Data revenue specifically surged by 38.4%, with active data users rising by 9.3% to 55.7 million, and average data consumption per subscriber climbing 15.2% to 14.8GB.

Analysts Gboyega Emmanuel and Adebayo Muriithi noted that this performance reflects the growing reliance on digital services in Nigeria. The group's strong performance enabled the board to approve a R6 billion share buyback program, highlighting the importance of Nigeria's expanding digital economy despite challenges like foreign exchange volatility and infrastructure investment needs.