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MTN Nigeria Reports N5.2tn Revenue, Invests in Growth

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MTN Nigeria Reports N5.2tn Revenue, Invests in Growth

MTN Nigeria announced a revenue of N5.2 trillion for the 2025 financial year, highlighting its significant contribution to the Nigerian economy as the largest corporate taxpayer. Dr. Karl Toriola, the Chief Executive Officer, noted that this period marks a significant recovery and resilience for the company, which is deeply intertwined with national development.

MTN's financial success supports federal government infrastructure and social welfare programs. The company plans to invest N1 trillion in capital expenditure for network expansion, which includes deploying massive capital expenditures to enhance service quality and user experience.

This investment aims to create thousands of local jobs and ensure that billions in earnings are reinvested into building base stations and laying fiber optics. MTN commended the government's progress in policies that facilitate connectivity for millions of Nigerians, emphasizing its commitment to navigating economic challenges while maintaining service stability.

Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.

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