Wire · operational-macro
MTN Nigeria's Profit Jumps 70.6% in H1 2026 as Stronger Naira Eases Cost Pressure
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Fusion42 · 31 July 2026 · Fusion42 review
MTN Nigeria's profit rose 70.6% in H1 2026, driven by increased service revenue, subscriber growth, and a stronger naira reducing cost pressure. The company also saw a significant rise in mobile money revenue and maintains a net cash position with plans to sustain growth and profitability.
This Wire brief sits within Fusion42's coverage of Telecom & Connectivity, and 3 sources have reported it between 31 Jul 2026 and 4 Aug 2026.
◆ ◆ The Wire takeaway
You face less currency risk selling in Nigerian telecoms as the naira strengthens and operating costs stabilise. Now is the time to push subscriber and mobile money growth before inflation or currency shifts tighten margins again.
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3 sources · first reported 31 Jul 2026 · latest 4 Aug 2026
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