Nigeria, Ghana account for 40% of MTN revenue
MTN Group reports that Nigeria and Ghana collectively account for over 40% of its revenue, which has significantly improved the company's earnings performance.
MTN Group Ltd, Africa's largest mobile network operator, announced that its operations in Nigeria and Ghana have been key drivers in the company's financial turnaround, contributing over 40% of total group revenue. The Johannesburg-based company reported a rebound in earnings for the year ending December, projecting an increase in headline earnings per share, in stark contrast to the losses seen in the previous year.
The strong performance from its Nigerian operations, where MTN holds a significant market share with 87.3 million customers, contributed to a substantial profit of N1.1 trillion in 2025. This success is attributed to improved revenue growth following a challenging financial period. The company underscored the strategic importance of its Nigerian and Ghanaian markets, highlighting their role in supporting overall profitability and ensuring continued investment in their services across these regions.
As MTN continues to operate in eighteen markets throughout Africa and the Middle East, the strong financial results from Nigeria and Ghana may influence the company's strategic decisions moving forward. This could involve increased investment in technology and expansion efforts in these key markets, as maintaining profitability in such significant revenue sources becomes vital for sustaining future growth in the highly competitive telecommunications sector.