Another key telecommunications client of IHS Towers, contributing to its improved fortunes.
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 Launches $65,200 ‘From Africa, for Africa’ Accelerator Program for Tech Startups
MTN Nigeria launched the 'From Africa, for Africa' accelerator program on July 2. The program has a fund of 100 million naira (approximately $65,200) to support startups.
What Nigeria can learn from America’s digital playbook
The US invests $144.64 per person in broadband initiatives, while Nigeria spends only $0.50. Nigeria's broadband penetration rate is below 45%, compared to the US's 97%.
After 8% stake, Axian reportedly targets full acquisition of Jumia
Axian Telecom is eyeing a full takeover of Jumia, with a financing of $600 million. Jumia's stock jumped 6-16% following the news of the potential acquisition.
MTN launches $240 million data centre to challenge AWS, Azure
MTN Nigeria inaugurated the Sifiso Dabengwa Data Centre and Cloud in Lagos, a $240 million investment. The data centre has an initial operational capacity of 4.5MW, with plans for an additional 4.5MW in the second phase.
