Tech & Education
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.