MTN Nigeria Communications Plc has declared a profit after tax of N133.7 billion for the first quarter of 2025, its first since 2023. This signals a return to profitability for Nigeria’s largest telecom operator, with 84.1 million subscribers, after quarters of successive losses masking strong revenue performance.
Since declaring its first loss after tax of N137 billion, MTN has recorded successive quarters of loss due to macroeconomic challenges. Despite reporting a record revenue of N3.36 trillion for 2024, its loss after tax stood at N400.44 billion at 2024’s end. However, MTN Group recently predicted a recovery for its Nigerian arm, citing stability and the implementation of a 50 per cent hike in tariffs.
Read Also: FIRS mandates closure of unauthorised tax collection accounts