MTN Nigeria has reported a strong financial performance for the first half of 2026, posting ₦2.993 trillion in revenue and a 70.6% increase in profit after tax, as demand for data and digital services continued to drive growth despite Nigeria’s challenging economic environment.
According to the company’s unaudited results for the six months ended 30 June 2026, profit after tax rose to ₦707.5 billion, while data revenue climbed 38% year-on-year to ₦1.699 trillion, reinforcing data as MTN’s largest revenue driver. Voice, fintech, digital and enterprise services also recorded growth, contributing to the telco’s overall performance.
MTN added 4.9 million new subscribers during the period, taking its total customer base to 92.2 million, while active data users also increased as smartphone adoption and internet consumption continued to rise across the country. The company said continued investment in network expansion and customer experience helped sustain the momentum.
Chief Executive Officer Karl Toriola said the results reflected resilient consumer demand despite inflationary pressures and broader macroeconomic challenges.
“Our strong operational execution and sustained investment in the network continue to support robust commercial performance and long-term growth,” Toriola said.
In recognition of the improved earnings, MTN Nigeria’s Board approved an interim dividend of ₦26 per ordinary share, a sharp increase from the ₦5 interim dividend declared a year earlier. The dividend is scheduled to be paid on 7 September 2026 to shareholders whose names appear on the register as of 20 August 2026, subject to applicable withholding tax.
The telecom giant also highlighted its broader economic contribution, noting that it paid ₦622.6 billion in taxes and levies during the period and invested through the MTN Foundation in digital inclusion, youth empowerment and community development initiatives.
The results reinforce MTN Nigeria’s position as the country’s largest telecommunications operator, with investors expected to welcome the stronger profitability and significantly higher interim dividend.
