<b>Resurgent Nigerian Economy Boosts MTN Performance</b><br><br><br><blockquote><b>The positive and regulatory environmentcharacterised by improved forex availability, relative stability of the currency, and supporting policy reforms</b>boosted MTN Nigeria's performance in the half-year ended June 30.<br><br><b>The positive environment include new tax legislation that goes into effect in January 2026, which MTN Nigeria said yesterday give a stable basis for operational execution and long-term investment.</b><br><br>Nigeria accounts for a great deal of MTN Group revenue from the 16 markets in which it operates, and it has 297 million customers across Africa, making it the continent's largest telecom operator....<br><br>Karl Toriola, MTN Nigeria CEO, commented on the company's performance by saying: We are excited by the progress made in the first half of 2025, reflecting the successful execution of the strategic priorities we previously communicated to the market.<br><br>Building on the momentum from the first quarter, we delivered strong growth in service revenue for the period under review.<br><br>This was driven by robust demand for our services, proactive customer value management and price adjustments, mainly in Q2.<br><br>In reinforcing this growth, we accelerated investment in our network to enhance capacity, coverage and quality of experience.<br><br>He continued: <b>The macroeconomic conditions in Nigeria showed notable improvements in the period under review, including a relatively stable naira, improved foreign exchange liquidity and easing inflationary pressures.<br><br>The Central Bank of Nigeria maintained the Monetary Policy Rate at 27.5% to anchor inflation expectations, contributing to a moderation in the headline inflation to 22.2% in June 2025.<br><br>The naira held steady, closing the period at N1,530/US$ (December 2024: N1,535/US$). This backdrop helped to enable our improved business performance and set a more supportive context for increased long-term investments.<br></b><br><br>Additionally, he said: <b>We achieved robust and broad-based revenue growth across voice, data, digital, and fintech segments. Service revenue increased by 54.6% YoY, supported by strong demand and the full effect of the price adjustments.<br><br>Cost pressures were mitigated through the revised IHS tower lease agreement, relative naira stability and sustained progress in our underlying expense efficiency initiatives.</b><br></blockquote><br><a rel=ugc href="https://itweb.africa/article/resurgent-nigerian-economy-boosts-mtn-performance/wbrpO7g2ZjQvDLZn">https://itweb.africa/article/resurgent-nigerian-economy-boosts-mtn-performance/wbrpO7g2ZjQvDLZn</a>
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