Thunes Partners With Nigeria’s Largest Mobile Network Operator to Expand Remittance Services
Thunes and MoMo PSB announced a partnership to expand MoMo's international remittance capabilities. Remittance flows into Nigeria increased by 9% in 2024, reaching $20.9 billion.
MTN Nigeria swings to ₦750 billion profit in September 2025, restores dividends
MTN Nigeria has 85.4 million mobile subscribers as of September 2025. Active data users increased by 12.8% to 51.1 million in nine months.
MTN Nigeria posts ₦414 billion profit in H1’25 on increased data growth, stable FX
MTN Nigeria achieved a half-year profit of ₦414 billion in 2025. The company's revenue grew 54.5% to ₦2.3 trillion in the first half of 2025.
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.
MTN Nigeria 2024 losses widen to ₦400 billion in two years
MTN Nigeria reported a ₦400.44 billion loss after tax for the full year of 2024. The company experienced a 70% currency plunge following President Bola Ahmed Tinubu’s election.
