Between April 16 and 17, 2026, two of Nigeria’s largest telecom operators, MTN Nigeria and Airtel Nigeria, quietly suspended their airtime and data borrowing services.
MTN Nigeria Records N5.2trn Revenue, Boosts Economy
MTN Nigeria has reaffirmed its position as a critical driver of the non-oil economy, posting a service revenue of N5.2tn in its 2025 audited financial results.
Beyond the impressive top-line growth, the company emphasised that its financial success is...
MTN Wins N1bn Suit, Court Orders N3m Costs Against Plaintiff
A Federal High Court in Lagos has dismissed a N1bn lawsuit filed against MTN Nigeria Communications Plc by Walls and Gates Ltd and its Managing Director, Okechukwu Udeichi, over alleged copyright infringement, breach of confidentiality,...
MTN Earnings Hit by N400bn Loss as Naira Devaluation Takes Toll
MTN Nigeria reported a N400.44bn loss after tax for the year ended December 31, 2024, as the devaluation of the naira drove up foreign exchange losses and weighed on the company’s earnings.
The loss, disclosed...
MTN Nigeria has announced the construction of the largest data centre in West Africa, a facility with a 1,500-rack and Tier 4 data centre within the country.
MTN Nigeria has experienced significant financial strain as a result of the continued depreciation of the naira, reporting a net foreign exchange loss of $4,810, million in Q1 2024, contributing to a record high forex loss of $102,363 billion since 2023.
