Telecom
MTN Nigeria’s CAPEX Soars Nearly 300 Percent to ₦565.7Bn in Q1 2025

MTN Nigeria has announced a landmark investment of ₦565.7 billion for the first half of 2025—its largest single capital outlay in history, representing a 288.4 per cent year-on-year increase.

Karl Toriola, chief executive officer, MTN Nigeria
The telecoms giant said the investment, which excludes leases, was channelled toward core infrastructure upgrades, including the deployment of 240 new 4G sites and an expanded fibre-to-the-home rollout, aimed at addressing the nation’s surging demand for high-speed connectivity.
Mr. Karl Toriola, chief executive officer, MTN Nigeria, disclosed this in the company’s half-year performance report, citing a 41.2 per cent jump in data traffic as a key driver of the intensified expansion.
Toriola also unveiled the first phase of the Dabengwa Tier 3 Data Centre—a $240 million initiative expected to be the largest data facility in West Africa. He described the move as critical to Nigeria’s digital transformation, saying: “Our investments today are laying the groundwork for Nigeria’s digital future, empowering individuals, businesses, and the broader economy.”
Despite the heavy spending, MTN recorded a free cash flow of ₦409.8 billion, up 18 per cent from the previous year, while profit after tax climbed to ₦414.9 billion, marking a turnaround from losses recorded last year. EBITDA soared by 119.5 per cent, and CAPEX intensity hit 23.8 per cent.
The report also noted robust growth across other segments:
- Fintech revenue surged by 71.8 per cent
- Home broadband customers rose to 3.7 million, following an addition of 501,000 new users
- Mobile subscribers increased by 3.8 million during the period
Toriola stated that MTN’s CAPEX strategy was driven by tower lease extensions and direct technology upgrades. He added that investment activities would moderate in H2, but affirmed the company’s commitment to strengthening digital infrastructure nationwide.
MTN Nigeria reiterated its full-year guidance and noted that these ongoing investments were vital to unlocking long-term value and fostering inclusive growth in Nigeria’s digital economy.
Telecom
NCC, Enugu Sign Deal to Operate Digital Industrial Park, Learning Centre

Nigerian Communications Commission (NCC) and the Enugu State Government have signed an agreement for the operational lease of the NCC Digital Industrial Park and NCC Learning Centre in Enugu.

The agreement was witnessed by Dr Aminu Maida, Executive Vice Chairman and Chief Executive Officer of the NCC, alongside members of the Commission’s Board and Management.
The development is expected to strengthen digital innovation, skills development and technology-driven opportunities in the state.
As part of the engagement, the NCC delegation also visited the Enugu Smart School Initiative, where technology is being integrated into teaching and learning.
The initiative is aimed at equipping young Nigerians with relevant digital skills and preparing them for future opportunities in an increasingly technology-driven economy.
The NCC said it remained committed to supporting initiatives that expand digital inclusion, strengthen innovation and develop the talent required to drive Nigeria’s digital transformation.
The Commission said partnerships with state governments and other stakeholders were critical to creating an enabling environment for digital skills development and technology adoption across the country.
Telecom
NCC Asks Telcos to Make Budgetary Provisions for Cybersecurity

Nigerian Communications Commission (NCC) has directed telecommunications operators to make dedicated budgetary provisions for cybersecurity as part of efforts to strengthen the resilience of Nigeria’s communications infrastructure against the growing wave of cyber threats.

The directive forms part of the Commission’s Cyber Resilience Framework for the Nigerian Communications Sector (CRF-NCS), which introduces new governance, risk management and operational requirements aimed at safeguarding the country’s critical telecommunications infrastructure from increasingly sophisticated cyberattacks.
Under the framework, all licensed telecom operators are expected to establish formal cybersecurity governance structures, dedicate adequate financial resources to cyber resilience programmes, and integrate cybersecurity into their enterprise-wide risk management processes.
The Commission said operators must ensure cybersecurity investments are no longer treated as optional operational expenses but as strategic business priorities necessary to protect network infrastructure, customer information and the country’s digital economy.
According to the NCC, licensees are expected to allocate sufficient budgets to support cyber risk assessments, security technologies, staff training, incident response capabilities, continuous monitoring and compliance with regulatory requirements.
The framework also requires operators to designate senior executives responsible for cybersecurity oversight.
At the same time, boards of directors are expected to provide strategic direction and ensure adequate funding for cyber resilience initiatives.
Speaking on the need for a stronger cybersecurity regime during the unveiling of the framework, Abraham Oshadami, executive commissioner, Technical Services, NCC, said, “Given the increasing digitalisation of services, the rapid growth of data exchange, and the sophisticated nature of modern cyber threats, the need for a robust, adaptive and inclusive cybersecurity framework has become more urgent.”
He added, “Both state and non-state actors are targeting essential sectors—including ours—through coordinated cyber and physical attacks. These attacks frequently target control systems and data integrity, underscoring the critical risks posed to operational technology (OT), especially in our sector.”
“As cyber threats evolve, they endanger not only system performance but also human safety, amplifying the severity and consequences of disruptions to vital communications infrastructure. Cybersecurity now encompasses human safety and must address the real risk to people’s lives when a system is attacked or compromised.”
The Commission further stated that operators are required to develop comprehensive cybersecurity implementation plans, conduct periodic risk assessments, establish business continuity and disaster recovery procedures, and regularly test their cyber defence capabilities.
In addition, the framework makes cyber incident reporting compulsory. Licensees must inform the NCC’s CSIRT of any major cybersecurity breach within four hours of discovery, and provide a thorough post-incident analysis after mitigation is complete.
Telecom
Glo Leads Internet Growth Figures in Nigeria for May

Digital solution provider, Globacom has recorded the highest Internet subscriber growth among Nigeria’s major telecom companies for the month of May.

Data from the Nigerian Communications Commission, NCC, Nigeria’s total Internet users increased to 157 million in May, up from 154.3 million in April. That is a growth of 2.67 million users in one month.
Globacom led the market by adding about 1.2 million new Internet subscribers. This means Glo was responsible for almost half of all new Internet users in May.
The company’s subscriber base grew from 15.5 million in April to 16.8 million in May. Airtel came second with 1.07 million new users, moving from 54.8 million to 55.8 million. MTN added 382,894 users to reach 83.5 million.
T2 Mobile, formerly 9mobile, recorded no growth for the second month in a row. Its subscriber base remained at 802,534. This is despite its roaming agreement with MTN, which was approved almost a year ago to help T2 customers use MTN’s network in areas with poor coverage.
Industry experts say Glo’s strong growth is due to its ongoing network upgrade. Since last year, the company has been building new base stations, expanding its fibre network, and adding thousands of new 4G sites across cities and rural areas.
The upgrades have improved voice and data quality for customers, while Globacom remain committed to providing better network experience and affordable Internet services to more Nigerians.
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