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Tariff hikes power MTN Nigeria to ₦5.2 trillion record revenue

Tech • 3d ago
Tariff hikes power MTN Nigeria to ₦5.2 trillion record revenue
**MTN Nigeria Smashes Records with ₦5.2 Trillion Revenue** In a remarkable turnaround, MTN Nigeria, the country's largest telecom operator, has achieved a record-breaking revenue of ₦5.20 trillion ($3.82 billion) in 2025. This feat is a testament to the company's resilience in the face of economic challenges, and its ability to adapt to changing market dynamics. The revenue milestone represents a 54.93% growth from the previous year, with MTN's share of Nigeria's 179.41 million active mobile subscriptions standing at a staggering 51.87%. This is no small achievement, considering that MTN's revenue nearly matches the entire telecommunications industry's revenue in 2023, which was ₦5.30 trillion ($3.89 billion). The company's positive retained earnings and shareholders' equity have been restored, and MTN has proposed a final dividend of ₦15 ($0.011) per share. This move to resume dividend payments is a significant development, particularly after years of economic pressure that pushed telecom operators into losses. **The Rise of Data Demand and Revenue Growth** One key factor contributing to MTN's revenue growth is the increasing demand for data services. The average price of 1GB of data has doubled to about ₦575 ($0.42) since regulatory approval for tariff increases in January 2025. This increase has coincided with a surge in internet usage across Nigeria, driven by streaming, remote work, fintech adoption, and social media consumption. Nigeria's annual data consumption rose 35.7% to 13.25 million terabytes in 2025, with average monthly usage per subscriber increasing to 89.42GB. Data has become MTN's single largest revenue driver, contributing 53.39% of total earnings and growing 74.58% year-on-year. **A New Era for MTN Nigeria** MTN's performance marks a significant turning point in the company's history. After years of economic pressure, MTN has emerged stronger, with a renewed focus on revenue growth and profitability. The company's ability to adapt to changing market dynamics has enabled it to stay ahead of the competition, and its commitment to innovation and customer satisfaction has paid off. As MTN continues to drive growth and expansion in the Nigerian market, one thing is clear: the company is poised for even greater success in the years to come.
Source: Original Article. AI-enhanced version.