₦airaland Forum

The positive and regulatory environment—characterised by improved forex availability, relative stability of the currency, and supporting policy reforms—boosted MTN Nigeria's performance in the half-year ended June 30.

The positive environment include new tax legislation that goes into effect in January 2026, which MTN Nigeria said yesterday give a stable basis for operational execution and long-term investment.

Nigeria accounts for a great deal of MTN Group revenue from the 16 markets in which it operates, and it has 297 million customers across Africa, making it the continent's largest telecom operator....

Karl Toriola, MTN Nigeria CEO, commented on the company's performance by saying: “We are excited by the progress made in the first half of 2025, reflecting the successful execution of the strategic priorities we previously communicated to the market.

“Building on the momentum from the first quarter, we delivered strong growth in service revenue for the period under review.

“This was driven by robust demand for our services, proactive customer value management and price adjustments, mainly in Q2.

“In reinforcing this growth, we accelerated investment in our network to enhance capacity, coverage and quality of experience.”

He continued: “The macroeconomic conditions in Nigeria showed notable improvements in the period under review, including a relatively stable naira, improved foreign exchange liquidity and easing inflationary pressures.

“The Central Bank of Nigeria maintained the Monetary Policy Rate at 27.5% to anchor inflation expectations, contributing to a moderation in the headline inflation to 22.2% in June 2025.

“The naira held steady, closing the period at N1,530/US$ (December 2024: N1,535/US$). This backdrop helped to enable our improved business performance and set a more supportive context for increased long-term investments.”


Additionally, he said: “We achieved robust and broad-based revenue growth across voice, data, digital, and fintech segments. Service revenue increased by 54.6% YoY, supported by strong demand and the full effect of the price adjustments.

“Cost pressures were mitigated through the revised IHS tower lease agreement, relative naira stability and sustained progress in our underlying expense efficiency initiatives.”

FreeIgboho:
Did anybody tell them that the masses are hungry?

FreeIgboho:
Did anybody tell them that the masses are hungry?

Softmirror:
Are you hungry?

Kushites:
No, because they are waiting for you to go into agriculture like your mates, and grow more food, so it can be cheaper.

Softmirror:
Are you hungry?

Kushites:
Of course he is not hungry.

His concern for ''the hungry masses'' is based on politics as usual.

If his side was in power, he would be telling everyone to be patient and wait for the govt policies to mature.

That's Nigerians for you.

FreeIgboho:
"My side" IS in powerr!!

Kushites:
No it's not. Where have you ever posted anything about the govt? I just checked your profile and it's just christian Jesus stuff that I see there. We're not in church oga.

Rexymania:
Mtcheeeew.

This is not about MTN alone, others (glo,Airtel. Etc) will benefit from this

He continued: “The macroeconomic conditions in Nigeria showed notable improvements in the period under review, including a relatively stable naira, improved foreign exchange liquidity and easing inflationary pressures.

“The Central Bank of Nigeria maintained the Monetary Policy Rate at 27.5% to anchor inflation expectations, contributing to a moderation in the headline inflation to 22.2% in June 2025.

“The naira held steady, closing the period at N1,530/US$ (December 2024: N1,535/US$). This backdrop helped to enable our improved business performance and set a more supportive context for increased long-term investments.”

Additionally, he said: “We achieved robust and broad-based revenue growth across voice, data, digital, and fintech segments. Service revenue increased by 54.6% YoY, supported by strong demand and the full effect of the price adjustments.

“Cost pressures were mitigated through the revised IHS tower lease agreement, relative naira stability and sustained progress in our underlying expense efficiency initiatives.”

FreeIgboho:
I didn't say me. I have too much food - I have the opposite problem, trying to lose weight.
I said the masses. People in Lagos should go into Farming? Where? How?

Softmirror:
I have never come across any one complaining of hunger online and have accepted to be hungry when asked if they are hungry. I wonder why it is always so.

Kushites:
No, because they are waiting for you to go into agriculture like your mates, and grow more food, so it can be cheaper.

youngsahito:
they should come and grow the food on your head? Do you provide land and farming tools while the people rejected it. Always think wee before you type in social space.

FreeIgboho:
I didn't say me. I have too much food - I have the opposite problem, trying to lose weight.
I said the masses. People in Lagos should go into Farming? Where? How?

FreeIgboho:
I didn't say me. I have too much food - I have the opposite problem, trying to lose weight.
I said the masses. People in Lagos should go into Farming? Where? How?