MTN Nigeria report ₦1.17 trillion profit for nine months as data demand grow

MTN Nigeria report about ₦1.17 trillion profit after tax for the nine months wey end 30 September 2026. Na 55.3% increase from ₦750.2 billion for the same period one year before. The figures dey inside company accounts wey external audit never check, released 30 October; Punch report am 31 October. Na first nine months, no be full year.

Total revenue reach ₦4.61 trillion, up 23.6%, while money from services rise 23.7%. The two measures relate but dem no be the same: total revenue include income outside services. Profit for each share rise to ₦55.60. This accounting figure no mean say dem announce new cash dividend of that same amount for every share wey shareholder hold.

The operator report 94.7 million subscribers and 57.2 million active data users. Data revenue rise 35.8%, and average monthly data use for each active user reach 15.3GB across the nine months. MTN say more users and heavier use help the growth. These figures for the whole company no show say every household get faster or cheaper connection.

Money wey dem spend on network assets, without leases, rise 14.2% to ₦864.8 billion. The company say e dey expand coverage, capacity and home broadband. This spending matter because physical infrastructure must carry growing demand. But total investment alone no fit prove how good network signal be for one community; separate local service evidence go be necessary.

No be every part grow. Total financial-technology revenue fall 25.9%, even though the core mobile-money business grow. MTN link the wider fall to suspension of airtime and data credit services between April and June. Those services later resume with different partnership arrangement. Growth for one part no mean say the whole division grow.

Readers need separate past results wey company report from wetin management expect for future. External audit never check these interim accounts, and one final quarter still remain for the year. The company reporting show higher profit. These figures no establish guaranteed future returns, better service for everybody or automatic reduction for customers' bills.