MTN Nigeria Boosts Infrastructure Spending by 93% to ₦390bn Amid Surging Q1 Profits
MTN Nigeria significantly increased infrastructure spending in Q1 2026, raising capital expenditure by 93% to ₦390.3 billion to expand network capacity and support rising demand for data and fintech services. The investment coincided with strong performance, as profit after tax surged 165.9% to ₦355.5 billion, while revenue climbed 41.6% to ₦1.4 trillion, driven by growth in digital and financial services.
MTN Nigeria executed a massive expansion of its network infrastructure during the first quarter of 2026, ramping up capital expenditure by 93% to ₦390.3 billion, Punch reports.
The aggressive capital injection was heavily directed toward expanding network capacity to accommodate skyrocketing demand across its data and financial technology (fintech) ecosystems. The infrastructural drive comes as the telecommunications giant experiences robust, accelerated growth across its primary business segments.
The heavy investment coincided with an exceptionally strong financial performance for the quarter. Driven by the expansion, MTN Nigeria’s quarterly profit after tax surged by a remarkable 165.9%, climbing to ₦355.5 billion from the ₦133.7 billion recorded in the corresponding period of the previous year. Group revenue also maintained a strong upward trajectory, rising 41.6% to breach the trillion-naira milestone at ₦1.4 trillion.
The telecom operator’s capital expenditure strategy underscores its commitment to maintaining dominance in Nigeria's digital economy. By scaling up its infrastructure footprint, MTN aims to seamlessly support the rapid adoption of broadband and MoMo financial services while building out the necessary capacity to navigate evolving market dynamics.
Related stories
Tech & Education
JAMB Releases 2026 UTME Mop-Up Results, Begins Candidate Ranking for Admissions
The examination body said the mop-up results are now available through official channels, with ranking and admission-related result processing scheduled to commence ahead of the 2026 academic admission exercise.
Tech & Education
AI Could Widen Economic Inequality Unless Governments Act Urgently, Warns IMF
An IMF scenario-planning report warns that rapid AI adoption will fuel global economic inequality and a "winner-take-most" dynamic favoring advanced economies, unless developing nations urgently build out their digital infrastructure, regulatory frameworks, and AI-ready talent pools.
Tech & Education
Nigeria's Digital Switch Over Unleashes Massive Distribution and Monetization Pathways for Content Creators
NIGCOMSAT and the National Broadcasting Commission have declared that Nigeria's Digital Switch Over (DSO) is creating unprecedented opportunities for content creators, as expanded channel capacity drives a massive demand for localized programming while introducing structured distribution networks to help curb piracy.
Tech & Education
Edo Schools Reopened Following Proactive Containment of Mass Abduction Security Threats
The Edo State Government has ordered the immediate reopening of schools in Akoko Edo that were abruptly shut down due to a DSS terror alert, citing the deployment of reinforced security frameworks and localized surveillance networks to guarantee student safety.
Comments (0)
Leave a comment
All comments are moderated before publishing. Your email is never published.