After a challenging 2025, MTN Nigeria has made a major turnaround. The telecom behemoth under Karl Toriola reported a net profit of N750.2 billion 518.3 million for the nine months ending Sept. 30, 2025, compared to the N513.9 billion 355 million loss it posted in the same period last year.
The rebound places MTN Nigeria among the most profitable companies in the country and reaffirms its status as the leading subsidiary of South Africas MTN Group. The return to profit reflects improved market conditions in Nigeria, where the naira has strengthened, inflation pressures have eased and foreign exchange liquidity has improved.
MTN Nigeria revenue rises 57 percent