MTN Nigeria injects ₦1 Trillion into network expansion after record 2025 profit
MTN Nigeria has announced a massive ₦1 trillion capital expenditure (CAPEX) rollout, stating that its recent financial success is crucial for maintaining the country’s digital infrastructure.
The telecommunications giant recently reported a record EBITDA of ₦2.7 trillion for the 2025 financial year, alongside a 55.1% surge in service revenue to ₦5.2 trillion and a 215.5% increase in cash flow to ₦1.2 trillion. The company emphasises that these profits are directly linked to necessary network investments.
The need for expansion is driven by significant subscriber growth. In 2025, MTN’s mobile user base increased by 7.9%, reaching 87.3 million, putting immense pressure on existing network capacity.
Karl Olutokun Toriola, MTN Nigeria CEO, noted that the company’s “disciplined capital allocation” enabled the accelerated CAPEX necessary to support growth and improve the user experience.
“2025 marked a significant turning point in our business performance, with a return to profitability, stronger free cash flow, and the restoration of positive retained earnings and shareholders’ funds, enabling the resumption of dividend payments.
“Our balance sheet resilience – underpinned by robust operating performance, disciplined capital allocation, and reduced foreign currency exposure – supported accelerated network investment to enhance quality of service and user experience, positioning us to sustain growth and deliver attractive long term shareholder returns.”
Beyond sustaining connectivity, MTN highlighted its role as a key driver of Nigeria’s non-oil economy. The ₦1 trillion infrastructure investment translates directly into substantial tax contributions and vendor contracts, supporting Federal Government initiatives.
The telco also views its successful financial turnaround and capital deployment in a challenging economic environment as a positive indicator for the broader Nigerian economy, attributing some of this success to “progressive” government policies. MTN reaffirmed its dual commitment to keeping millions connected while delivering long-term shareholder value.
