MTN Banks on Higher Data Usage to Deliver 24% Revenue Growth in 2026
MTN Nigeria Telecommunications Plc, during the weekend, announced a 24% growth in revenue year-on-year nine-month in 2026, largely against the background of a significant spike in income from data services.
The increasing penetration of smartphones and consumption of social media services such as streaming is driving data consumption across the country with MTN, being the biggest GSM company in the country, at over 50% of market share being the biggest beneficiary.
According to the Nigerian Communication Commission (NCC), the industry regulator for telecommunication services in the country, MTN has over 100 million subscribers as at the end of July 2026.
MTN generated over a total revenue of N4.6 trillion ($3.4 billion) in 2026, a 24% revenue growth from the N3.7 trillion generated in 2025. Over 58% of the revenue came from data income which stood at N2.7 trillion within the period under review, accounting for over 58% of the company’s income portfolio.
Voice service, which was the company’s foundation business, generated about N1.4 trillion in 2025, a 13% growth from N1.2 trillion in 2025. Data and voice accounted for almost 88% of MTN’s total revenue.
MTN posted a profit before tax of almost N1.8 trillion within the period under review, an almost 60% growth over the N1.1 trillion performance of 2025, underscoring a higher level of optimization and efficiency in resource allocation.
