Telecom
MTN Rakes in N947Bn Revenue as PAT Grows 28% to N181.6Bn

MTN Nigeria has recorded a 28.1 per cent rise in profit after tax (PAT) to N181.6 billion in the first half of the year, with profit before tax (PBT) up by 24.9 per cent to N268.6 billion and earnings per share (EPS) rising by 28.1 per cent to N8.92.

Mr Karl Toriola, CEO, MTN
According to the company in its unaudited results for the half-year ended June 30, 2022, the capital expenditure (Capex) rose by 67.1 per cent to N311.6 billion (up 78.6 per cent to N204.5 billion, excluding the right of use assets.
The financial statements also showed that there were a lot of increases led by active fintech subscribers which rose by 87.3 per cent to 11.5 million, driven by MoMo wallets since launching the payment service bank on May 19, 2022.
Active data users increased by 13.2 per cent to 36.8 million as it added 2.5 million active users in H1 2022 while mobile subscribers increased by 7.6 per cent to 74.1 million, indicating a growth of 5.7 million subscribers in the period.
Others include an increase in service revenue by 19.9 per cent to N947.9 billion; as earnings before interest, tax, depreciation, and amortisation (EBITDA) grew by 22.1 per cent to N509.3 billion; while EBITDA margin increased by 0.9 percentage points (pp) to 53.6 per cent.
The telco’s interim dividend was pegged at N5.60 per share, up by 23.1 per cent.
MTN’s operating expenses (opex) in the first six months of the year increased by 15.1 per cent due to the effects of Naira depreciation and higher Dollar consumer price index (CPI) on lease rental costs.
The firm also blamed the rising energy costs in the West African nation as part of the reasons for its increased expenses.
Similarly, its cost of sales went up by 22.9 per cent as the firm spent N162bn in the first six months of 2022, compared to N132bn spent in the corresponding period.
In the report, Mr Karl Toriola, company’s chief executive officer, said the company saved costs via its expense efficiency programme.
“We continue to realize cost savings through our expense efficiency programme, and we remain disciplined with capital allocation. Cost of sales rose by 22.9 per cent off a low base in the prior year, which was depressed by the suspension of new Subscriber Identification Module (SIM) sales and activations by the regulator, lower device purchases during the period, and the impact of growing gross connections in the current year.
“Operating expenses (opex) increased by 15.1 per cent due to the effects of naira depreciation and higher dollar CPI on lease rental costs, the acceleration in our site rollout and rising energy costs. The escalation of diesel prices in Nigeria contributed to the 12.2 per cent increase in direct network operating costs with a 0.3 per cent earnings before interest, taxes, depreciation, and amortization (EBITDA) margin impact,” he said.
MTN, in its outlook for the year, stressed that it has continued to witness strong headwinds such as rising general inflation, paucity of foreign exchange, supply chain disruptions, and higher diesel and petrol prices, which it said placed more financial pressure on its customers, as well as its business.
It, however, looked forward to a surge in subscriber base in the third quarter of the year. The firm stated that the growth would be based on how well it regains subscribers lost to the National Identity Numbers (NIN) enrolment.
The telco planned to commence the rollout of 5G services in all of Nigeria’s six geopolitical zones from the third quarter (Q3) of 2022.
Telecom
Compensation for Poor Service Quality is Automatic- NCC

Nigerian Communications Commission (NCC) has said that compensation of subscribers for poor service quality, such as persistent network outages or failed calls is automatic.

This initiative aims to ensure fairness by mandating that operators provide automatic compensation, such as airtime credits, for failing to meet regulatory Quality of Service Key Performance Indicators (KPIs).
According to the NCC, operators are required and mandated to identify affected subscribers and provide compensation directly.
In a framework for compensation of consumers published on its website, NCC said that it has directed Mobile Network Operators (MNOs) to compensate subscribers affected by prolonged or repeated poor quality of service experience within specific Local Government Areas where operators fail to meet regulatory Quality of Service Key Performance Indicators (KPIs).
The NCC also stated that the directive does not replace existing consumer protection mechanisms.
The NCC, said the directive adds a direct compensation mechanism for affected subscribers and aligns with measures set in existing legislations such as the Consumer Code of Practice Regulations 2024 and the Quality of Service Regulations 2024.
This directive applies to only Mobile Network Operators licensed and operating in Nigeria that have failed to meet their Key Performance Indicators on Quality of Service. For Internet Service Providers (ISPs) operating in Nigeria, a compensation framework is already in place.
To be eligible to receive compensation
. You experienced poor network service in an affected Local Government Area; and
- You made at least one outgoing revenue generating event (billed call, SMS, or data session) during the relevant period.
The compensation covers service failures affecting voice, data, or SMS services.
Operators are required and mandated by existing regulations to monitor their network performance across locations and service disruptions against Quality of Service KPIs.
This enables them to identify affected subscribers without the need for individual complaints.
Only service failures that fall below the defined thresholds set by the Quality of Service Regulations issued by the NCC will qualify for compensation.
Short, isolated interruptions and immediately remedied interruptions may not qualify
Compensation will be provided in the form of airtime credits.
This airtime credit will not have utilisation restrictions, and subscribers will be able to use it for voice calls, USSD sessions, data subscriptions, etc on the operators’ network.
Telecom
FG Moves to Strengthen Cybersecurity Coordination as NDPC Probes Alleged Data Breach

Federal Government has announced plans to deepen collaboration with private sector players and other stakeholders in a bid to strengthen Nigeria’s cybersecurity architecture and response systems.

NDPC
Minister of Communications, Innovation and Digital Economy, Bosun Tijani, disclosed this in a recent press statement, noting that the government is considering the establishment of a Cybersecurity Coordination Council.
According to the minister, the proposed council is aimed at enhancing national cyber resilience and ensuring a more coordinated response to emerging cyber threats across public and private institutions.
Tijani emphasised that cybersecurity must be treated as a collective responsibility involving government, industry, and civil society.
“Cybersecurity is a shared national responsibility. Protecting Nigeria’s digital economy requires strong partnerships, trusted collaboration, and collective vigilance across government, industry, and civil society,” he said.
He added that through sustained collaboration, Nigeria would strengthen its capacity to detect cyber threats early, respond effectively, and build a resilient and trusted digital ecosystem.
The minister also called for increased stakeholder participation in shaping a sustainable, partnership-driven cybersecurity framework capable of deterring cybercriminal activities and safeguarding citizens, businesses, and critical digital infrastructure.
Meanwhile, the Nigeria Data Protection Commission (NDPC) has commenced an investigation into an alleged data breach involving Remita Payment Services Ltd., Sterling Bank, and other entities.
In a statement signed by its Head of Legal, Enforcement and Regulations, Babatunde Bamigboye, the commission said notices of investigation were issued to relevant parties on April 1, 2026.
The NDPC noted that affected organisations and individuals are currently providing information to aid its inquiry into the incident.
“The aim of the investigation is to ensure that data subjects are protected with appropriate technical and organisational measures,” the statement read.
It added that the probe would examine the types of personal data involved, the scope and nature of the alleged breach, potential risks to data subjects, and mitigation steps taken where breaches are confirmed.
The commission further disclosed that its National Commissioner and Chief Executive Officer, Vincent Olatunji, has directed a broader review of organisations operating digital payment systems.
According to the NDPC, entities found to be non-compliant with provisions of the Nigeria Data Protection Act, 2023, particularly regarding technical and organisational safeguards, would be scrutinised as part of efforts to maintain the integrity of the nation’s data protection ecosystem.
Telecom
Bharti Airtel Crosses 650m Users

Sunil Mittal led Bharti Airtel has crossed the 650-million customer mark globally, fortifying its position as the world’s second-largest telecom operator by mobile subscriber base, as per a regulatory filing by the telecom operator.

“According to GSMA Intelligence, Bharti Airtel is ranked second globally by mobile customer base, with operations spread across India and Africa,” the filing said.
Commenting on this milestone, Gopal Vittal, executive vice chairman, Bharti Airtel, said: “Achieving the milestone of 650 million customers to be the second largest operator globally is a great responsibility for us to serve our customers better every day,”
He added that the telco strives to raise the bar on innovation, reliability, and experience so that every customer interaction is an opportunity to earn trust and deliver value connection.
Currently, Airtel India serves around 368 million mobile customers, meanwhile over 179 million users have been plugged into its subsidiary Airtel Africa spread across 14 countries.
Its mobile money platform, Airtel Money reached more than 52 million customers.
Additionally, the telco serves around 13 million homes with high-speed internet services and over 15 million through its Digital TV offering.
With operations spanning 15 countries and network coverage reaching over two billion people, analysts say that the latest milestone is a testimony to the natural curve of evolving from a telecom operator into a broader digital services provider.
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