MTN Nigeria has consistently projected itself as one of the highest-paying employers in the country — and its latest figures suggest that claim is backed by solid numbers.
As of last year, the telecommunications giant had a workforce of 2,001 employees, with an overwhelming 84 percent earning at least ₦1 million monthly. A closer look at the breakdown shows that 659 staff members earn ₦2.4 million per month, translating to about ₦29.5 million annually.
Another 293 employees take home between ₦1.6 million and ₦2 million monthly, while 127 junior staff earn between ₦1.2 million and ₦1.4 million every month — figures that significantly outpace average earnings across many sectors in Nigeria.
However, beyond its attractive remuneration structure, 2025 proved to be a defining year for MTN Nigeria financially and operationally.
Record-Breaking Revenue
The company became the first Nigerian corporate entity to cross the ₦5 trillion revenue threshold, closing the year at ₦5.2 trillion — a 55.1 percent increase year-on-year. This milestone underscores its dominance in Nigeria’s telecom landscape.
Historic Profit Turnaround
After posting a ₦400.4 billion loss in 2024, MTN Nigeria staged a dramatic recovery, reporting a record ₦1.1 trillion Profit After Tax (PAT) in 2025. The turnaround marks one of the most significant profit rebounds in recent corporate history.
Balance Sheet Restoration
The company successfully exited what had previously been described as “technical insolvency,” moving from negative equity to a positive shareholders’ fund of ₦548.7 billion — a major boost to investor confidence.
Data Drives Growth
Data revenue surged by 74.5 percent to ₦2.78 trillion, firmly overtaking traditional voice revenue as the largest contributor to service income. Voice calls generated ₦1.85 trillion within the same period.
Average data consumption per user climbed to 13.1GB, supported by a 66.1 percent smartphone penetration rate. Network expansion efforts, particularly across 4G and 5G infrastructure, fueled a 36.3 percent surge in total data traffic nationwide.
Operational Efficiency and FX Gains
While revenue grew by 55.1 percent, operating expenses rose by just 16.7 percent, reflecting improved cost discipline and operational leverage.
The company also reversed its foreign exchange losses, shifting from nearly ₦1 trillion in FX losses in 2024 to a net FX gain of ₦90.3 billion in 2025, aided by relative naira stability and debt re-indexing.
Strategic Investments and Debt Reduction
MTN Nigeria invested ₦1 trillion in capital expenditure to expand 5G coverage and fiber infrastructure. It also repaid ₦434 billion in borrowings and cleared all outstanding commercial papers, strengthening its balance sheet.
Fintech arm MoMo PSB recorded a 79.7 percent revenue jump, with customer deposits growing by 156 percent, signaling rapid ecosystem expansion.
Strong Margins and Tax Contribution
EBITDA margins expanded to 52.7 percent, outperforming management’s initial projections. During the year, the company paid ₦878.7 billion in taxes and levies, reinforcing its status as one of Nigeria’s largest corporate taxpayers.
With positive retained earnings of ₦400.4 billion, MTN Nigeria enters 2026 positioned for double-digit growth, backed by stronger fundamentals, improved profitability, and sustained investment in digital infrastructure.