MTN Nigeria Invests N1.63 Trillion in Capital Expenditures

At MTN Nigeria Plc's 25th anniversary celebration in Lagos, Chief Financial Officer Modupe Kadri revealed that the telecom company spent N1.63 trillion on capital investments over the last 18 months. This investment occurred prior to a tariff increase authorized by the regulator in January 2025.

Kadri noted that MTN Nigeria has also paid over N620 billion in taxes and levies. He highlighted that since MTN's listing on the Nigerian Exchange on May 16, 2019, investors have seen significant capital gains, with shares trading at N845 per share as of the latest trading session.

Kadri emphasized the importance of looking forward to the next 25 years, considering advancements in technology such as artificial intelligence and 5G. Additionally, General Manager Nasiru Hayatu stated that MTN Nigeria has over 92 million subscribers, making it the largest telecom firm in Nigeria.

Chief Marketing Officer Onyinye Ikenna-Emeka confirmed that the company has no plans to enter device sales but will continue to collaborate with original equipment manufacturers.