MTN Nigeria Communications Plc, the dominant force in West Africa’s telecom landscape, is strategically positioned for a powerful revenue expansion—with indicators pointing toward a 30% compound annual growth rate (CAGR) over the next decade. This projection is not mere optimism—it’s grounded in the company’s historical financial performance, its massive subscriber base, and an accelerating digital monetization strategy.
MTN Nigeria has delivered a remarkable turnaround in H1 2025, with a profit after tax of ₦414.86 billion, compared to a loss of ₦519.06 billion in H1 2024. This rebound is primarily driven by strong revenue growth, operational efficiency, and the absence of last year’s severe foreign exchange losses.
MTN Nigeria Communications PLC provides broadband fixed wireless access, telecommunication, and mobile financial services in Nigeria. It offers mobile telecommunications services, such as network, value added, and digital services. The company’s network services include voice, data, and short message services; value added services comprise airtime lending, mobile money, subscriber identification module back up, and voice-based services; and digital services consist of unstructured supplementary service data, interactive voice response, rich media, insurance, and e-commerce services. In addition, the company sells mobile devices and accessories, as well as provides digital, interconnect, and roaming services. MTN Nigeria Communications PLC was incorporated in 2000 and is based in Lagos, Nigeria. MTN Nigeria Communications PLC is a subsidiary of MTN International (Mauritius) Limited.