MTN Group Reports Strong Growth in Nigeria's Data Revenue

MTN Group's nine-month trading update revealed that Nigeria has become a key contributor to its recovery, with service revenue reaching 176.2 billion rand, a 17.2% growth in constant currency for the period ending September 30, 2026. Nigeria's service revenue grew by 19.7% in the third quarter, accelerating to 21.6% by September.

The data revenue in Nigeria increased by 31.4%, with active data users rising by 12% to 57.2 million. Network traffic also rose by 30.1%.

MTN Nigeria's profit after tax was ₦1.2 trillion, with an EBITDA margin of 56.9%. Despite these gains, the financial services business has not fully recovered from earlier disruptions.

MTN Group's overall data revenue now contributes 50.4% of total service revenue, compared to 26.1% from voice services. The company increased capital expenditure to 28.8 billion rand over nine months, with Nigeria receiving additional investment.