MTN Nigeria returns to the black with ₦133.7 billion Q1 profit, first since 2023
- MTN Nigeria returned to profitability with a profit of ₦133.7 billion in Q1 2025.
- The telecom firm added 3.2 million new subscribers, bringing the total to 84 million.
- Revenue grew by 40.5% to ₦1.05 trillion, supported by revised tower lease agreements and increased tariffs.
MTN Nigeria's recovery signals a resilient strategy in navigating economic challenges, yet the decline in mobile money wallets raises concerns about customer retention in fintech services. The company's focus on improving network quality and service revenue is commendable, but it will need to address the drop in mobile money engagement to ensure sustainable growth.
