Nigerians spent about ₦1.7tn on MTN Nigeria’s data services in the first half of 2026, highlighting sustained demand for internet connectivity despite prevailing economic pressures.MTN Nigeria disclosed this in its unaudited financial statements for the six months ended June 30, 2026, filed with the Nigerian Exchange Limited on Thursday.According to the telecom operator, data revenue rose to “₦1.699tn during the six-month period, up from ₦1.229tn recorded in the corresponding period of 2025, representing an increase of about 38.3 per cent.”The company said data remained its largest revenue stream, ahead of voice services, which generated ₦897.14bn, while SMS contributed ₦112.68bn during the period.Total revenue climbed to ₦2.99tn, compared with ₦2.38tn in the first half of 2025.MTN explained that its data revenue comprises income from mobile data, fixed broadband and data bundles, excluding roaming data, which is reported under interconnect and roaming revenue.Other revenue streams included digital services, which generated ₦58.66bn, value-added services at ₦77.06bn, handset and accessories sales of ₦11.03bn, interconnect and roaming revenue of ₦112.20bn, and other revenue of ₦23.90bn.The telecom operator added 4.9 million new subscribers during the period, increasing its customer base to 92.2 million, while active data users grew by 2.5 million to 55.7 million.Commenting on the performance, the Chief Executive Officer of MTN Nigeria, Karl Toriola, said the company maintained strong commercial momentum despite a challenging operating environment.Related NewsNasarawa APC gov candidate meets Tinubu, unveils agendaJUST IN: Otedola buys N222bn additional First HoldCo shares to boost stakeNigeria’s consumer credit drops 20% to N3.8tn“We delivered a strong first-half performance, with sustained commercial momentum, improved profitability and robust cash generation,” he said, adding that demand for the company’s services remained resilient despite macroeconomic headwinds.The strong growth in data revenue contributed to the company’s improved financial performance.MTN reported that revenue increased by 25.63 per cent year-on-year, while operating profit rose by 50.71 per cent to ₦1.26tn.Profit after tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period of 2025, while shareholders’ funds increased to ₦957.57bn from ₦588.44bn at the end of December 2025.The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligations over the next 12 months.MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. MTN Nigeria disclosed this in its unaudited financial statements for the six months ended June 30, 2026, filed with the Nigerian Exchange Limited on Thursday.According to the telecom operator, data revenue rose to “₦1.699tn during the six-month period, up from ₦1.229tn recorded in the corresponding period of 2025, representing an increase of about 38.3 per cent.”The company said data remained its largest revenue stream, ahead of voice services, which generated ₦897.14bn, while SMS contributed ₦112.68bn during the period.Total revenue climbed to ₦2.99tn, compared with ₦2.38tn in the first half of 2025.MTN explained that its data revenue comprises income from mobile data, fixed broadband and data bundles, excluding roaming data, which is reported under interconnect and roaming revenue.Other revenue streams included digital services, which generated ₦58.66bn, value-added services at ₦77.06bn, handset and accessories sales of ₦11.03bn, interconnect and roaming revenue of ₦112.20bn, and other revenue of ₦23.90bn.The telecom operator added 4.9 million new subscribers during the period, increasing its customer base to 92.2 million, while active data users grew by 2.5 million to 55.7 million.Commenting on the performance, the Chief Executive Officer of MTN Nigeria, Karl Toriola, said the company maintained strong commercial momentum despite a challenging operating environment.Related NewsNasarawa APC gov candidate meets Tinubu, unveils agendaJUST IN: Otedola buys N222bn additional First HoldCo shares to boost stakeNigeria’s consumer credit drops 20% to N3.8tn“We delivered a strong first-half performance, with sustained commercial momentum, improved profitability and robust cash generation,” he said, adding that demand for the company’s services remained resilient despite macroeconomic headwinds.The strong growth in data revenue contributed to the company’s improved financial performance.MTN reported that revenue increased by 25.63 per cent year-on-year, while operating profit rose by 50.71 per cent to ₦1.26tn.Profit after tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period of 2025, while shareholders’ funds increased to ₦957.57bn from ₦588.44bn at the end of December 2025.The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligations over the next 12 months.MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. According to the telecom operator, data revenue rose to “₦1.699tn during the six-month period, up from ₦1.229tn recorded in the corresponding period of 2025, representing an increase of about 38.3 per cent.”The company said data remained its largest revenue stream, ahead of voice services, which generated ₦897.14bn, while SMS contributed ₦112.68bn during the period.Total revenue climbed to ₦2.99tn, compared with ₦2.38tn in the first half of 2025.MTN explained that its data revenue comprises income from mobile data, fixed broadband and data bundles, excluding roaming data, which is reported under interconnect and roaming revenue.Other revenue streams included digital services, which generated ₦58.66bn, value-added services at ₦77.06bn, handset and accessories sales of ₦11.03bn, interconnect and roaming revenue of ₦112.20bn, and other revenue of ₦23.90bn.The telecom operator added 4.9 million new subscribers during the period, increasing its customer base to 92.2 million, while active data users grew by 2.5 million to 55.7 million.Commenting on the performance, the Chief Executive Officer of MTN Nigeria, Karl Toriola, said the company maintained strong commercial momentum despite a challenging operating environment.Related NewsNasarawa APC gov candidate meets Tinubu, unveils agendaJUST IN: Otedola buys N222bn additional First HoldCo shares to boost stakeNigeria’s consumer credit drops 20% to N3.8tn“We delivered a strong first-half performance, with sustained commercial momentum, improved profitability and robust cash generation,” he said, adding that demand for the company’s services remained resilient despite macroeconomic headwinds.The strong growth in data revenue contributed to the company’s improved financial performance.MTN reported that revenue increased by 25.63 per cent year-on-year, while operating profit rose by 50.71 per cent to ₦1.26tn.Profit after tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period of 2025, while shareholders’ funds increased to ₦957.57bn from ₦588.44bn at the end of December 2025.The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligations over the next 12 months.MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. The company said data remained its largest revenue stream, ahead of voice services, which generated ₦897.14bn, while SMS contributed ₦112.68bn during the period.Total revenue climbed to ₦2.99tn, compared with ₦2.38tn in the first half of 2025.MTN explained that its data revenue comprises income from mobile data, fixed broadband and data bundles, excluding roaming data, which is reported under interconnect and roaming revenue.Other revenue streams included digital services, which generated ₦58.66bn, value-added services at ₦77.06bn, handset and accessories sales of ₦11.03bn, interconnect and roaming revenue of ₦112.20bn, and other revenue of ₦23.90bn.The telecom operator added 4.9 million new subscribers during the period, increasing its customer base to 92.2 million, while active data users grew by 2.5 million to 55.7 million.Commenting on the performance, the Chief Executive Officer of MTN Nigeria, Karl Toriola, said the company maintained strong commercial momentum despite a challenging operating environment.Related NewsNasarawa APC gov candidate meets Tinubu, unveils agendaJUST IN: Otedola buys N222bn additional First HoldCo shares to boost stakeNigeria’s consumer credit drops 20% to N3.8tn“We delivered a strong first-half performance, with sustained commercial momentum, improved profitability and robust cash generation,” he said, adding that demand for the company’s services remained resilient despite macroeconomic headwinds.The strong growth in data revenue contributed to the company’s improved financial performance.MTN reported that revenue increased by 25.63 per cent year-on-year, while operating profit rose by 50.71 per cent to ₦1.26tn.Profit after tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period of 2025, while shareholders’ funds increased to ₦957.57bn from ₦588.44bn at the end of December 2025.The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligations over the next 12 months.MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. Total revenue climbed to ₦2.99tn, compared with ₦2.38tn in the first half of 2025.MTN explained that its data revenue comprises income from mobile data, fixed broadband and data bundles, excluding roaming data, which is reported under interconnect and roaming revenue.Other revenue streams included digital services, which generated ₦58.66bn, value-added services at ₦77.06bn, handset and accessories sales of ₦11.03bn, interconnect and roaming revenue of ₦112.20bn, and other revenue of ₦23.90bn.The telecom operator added 4.9 million new subscribers during the period, increasing its customer base to 92.2 million, while active data users grew by 2.5 million to 55.7 million.Commenting on the performance, the Chief Executive Officer of MTN Nigeria, Karl Toriola, said the company maintained strong commercial momentum despite a challenging operating environment.Related NewsNasarawa APC gov candidate meets Tinubu, unveils agendaJUST IN: Otedola buys N222bn additional First HoldCo shares to boost stakeNigeria’s consumer credit drops 20% to N3.8tn“We delivered a strong first-half performance, with sustained commercial momentum, improved profitability and robust cash generation,” he said, adding that demand for the company’s services remained resilient despite macroeconomic headwinds.The strong growth in data revenue contributed to the company’s improved financial performance.MTN reported that revenue increased by 25.63 per cent year-on-year, while operating profit rose by 50.71 per cent to ₦1.26tn.Profit after tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period of 2025, while shareholders’ funds increased to ₦957.57bn from ₦588.44bn at the end of December 2025.The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligations over the next 12 months.MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. MTN explained that its data revenue comprises income from mobile data, fixed broadband and data bundles, excluding roaming data, which is reported under interconnect and roaming revenue.Other revenue streams included digital services, which generated ₦58.66bn, value-added services at ₦77.06bn, handset and accessories sales of ₦11.03bn, interconnect and roaming revenue of ₦112.20bn, and other revenue of ₦23.90bn.The telecom operator added 4.9 million new subscribers during the period, increasing its customer base to 92.2 million, while active data users grew by 2.5 million to 55.7 million.Commenting on the performance, the Chief Executive Officer of MTN Nigeria, Karl Toriola, said the company maintained strong commercial momentum despite a challenging operating environment.Related NewsNasarawa APC gov candidate meets Tinubu, unveils agendaJUST IN: Otedola buys N222bn additional First HoldCo shares to boost stakeNigeria’s consumer credit drops 20% to N3.8tn“We delivered a strong first-half performance, with sustained commercial momentum, improved profitability and robust cash generation,” he said, adding that demand for the company’s services remained resilient despite macroeconomic headwinds.The strong growth in data revenue contributed to the company’s improved financial performance.MTN reported that revenue increased by 25.63 per cent year-on-year, while operating profit rose by 50.71 per cent to ₦1.26tn.Profit after tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period of 2025, while shareholders’ funds increased to ₦957.57bn from ₦588.44bn at the end of December 2025.The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligations over the next 12 months.MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. Other revenue streams included digital services, which generated ₦58.66bn, value-added services at ₦77.06bn, handset and accessories sales of ₦11.03bn, interconnect and roaming revenue of ₦112.20bn, and other revenue of ₦23.90bn.The telecom operator added 4.9 million new subscribers during the period, increasing its customer base to 92.2 million, while active data users grew by 2.5 million to 55.7 million.Commenting on the performance, the Chief Executive Officer of MTN Nigeria, Karl Toriola, said the company maintained strong commercial momentum despite a challenging operating environment.Related NewsNasarawa APC gov candidate meets Tinubu, unveils agendaJUST IN: Otedola buys N222bn additional First HoldCo shares to boost stakeNigeria’s consumer credit drops 20% to N3.8tn“We delivered a strong first-half performance, with sustained commercial momentum, improved profitability and robust cash generation,” he said, adding that demand for the company’s services remained resilient despite macroeconomic headwinds.The strong growth in data revenue contributed to the company’s improved financial performance.MTN reported that revenue increased by 25.63 per cent year-on-year, while operating profit rose by 50.71 per cent to ₦1.26tn.Profit after tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period of 2025, while shareholders’ funds increased to ₦957.57bn from ₦588.44bn at the end of December 2025.The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligations over the next 12 months.MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. The telecom operator added 4.9 million new subscribers during the period, increasing its customer base to 92.2 million, while active data users grew by 2.5 million to 55.7 million.Commenting on the performance, the Chief Executive Officer of MTN Nigeria, Karl Toriola, said the company maintained strong commercial momentum despite a challenging operating environment.Related NewsNasarawa APC gov candidate meets Tinubu, unveils agendaJUST IN: Otedola buys N222bn additional First HoldCo shares to boost stakeNigeria’s consumer credit drops 20% to N3.8tn“We delivered a strong first-half performance, with sustained commercial momentum, improved profitability and robust cash generation,” he said, adding that demand for the company’s services remained resilient despite macroeconomic headwinds.The strong growth in data revenue contributed to the company’s improved financial performance.MTN reported that revenue increased by 25.63 per cent year-on-year, while operating profit rose by 50.71 per cent to ₦1.26tn.Profit after tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period of 2025, while shareholders’ funds increased to ₦957.57bn from ₦588.44bn at the end of December 2025.The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligations over the next 12 months.MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. Commenting on the performance, the Chief Executive Officer of MTN Nigeria, Karl Toriola, said the company maintained strong commercial momentum despite a challenging operating environment.Related NewsNasarawa APC gov candidate meets Tinubu, unveils agendaJUST IN: Otedola buys N222bn additional First HoldCo shares to boost stakeNigeria’s consumer credit drops 20% to N3.8tn“We delivered a strong first-half performance, with sustained commercial momentum, improved profitability and robust cash generation,” he said, adding that demand for the company’s services remained resilient despite macroeconomic headwinds.The strong growth in data revenue contributed to the company’s improved financial performance.MTN reported that revenue increased by 25.63 per cent year-on-year, while operating profit rose by 50.71 per cent to ₦1.26tn.Profit after tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period of 2025, while shareholders’ funds increased to ₦957.57bn from ₦588.44bn at the end of December 2025.The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligations over the next 12 months.MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. “We delivered a strong first-half performance, with sustained commercial momentum, improved profitability and robust cash generation,” he said, adding that demand for the company’s services remained resilient despite macroeconomic headwinds.The strong growth in data revenue contributed to the company’s improved financial performance.MTN reported that revenue increased by 25.63 per cent year-on-year, while operating profit rose by 50.71 per cent to ₦1.26tn.Profit after tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period of 2025, while shareholders’ funds increased to ₦957.57bn from ₦588.44bn at the end of December 2025.The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligations over the next 12 months.MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. The strong growth in data revenue contributed to the company’s improved financial performance.MTN reported that revenue increased by 25.63 per cent year-on-year, while operating profit rose by 50.71 per cent to ₦1.26tn.Profit after tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period of 2025, while shareholders’ funds increased to ₦957.57bn from ₦588.44bn at the end of December 2025.The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligations over the next 12 months.MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. MTN reported that revenue increased by 25.63 per cent year-on-year, while operating profit rose by 50.71 per cent to ₦1.26tn.Profit after tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period of 2025, while shareholders’ funds increased to ₦957.57bn from ₦588.44bn at the end of December 2025.The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligations over the next 12 months.MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. Profit after tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period of 2025, while shareholders’ funds increased to ₦957.57bn from ₦588.44bn at the end of December 2025.The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligations over the next 12 months.MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. The company generated ₦1.55tn in operating cash flows during the period and said it had sufficient resources to meet its financial obligations over the next 12 months.MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. MTN attributed part of its improved earnings to a more stable foreign exchange environment.According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. According to the company, the naira strengthened and remained relatively stable during the first half of the year, closing at about ₦1,380/$ compared with ₦1,530/$ in the corresponding period of 2025.The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. The improved exchange rate helped MTN record a foreign exchange gain of ₦36.4bn, compared with a foreign exchange loss of ₦5.2bn in the same period last year.The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility. The company also said it eliminated all outstanding foreign currency loans, reducing its exposure to exchange rate volatility.