MTN Nigeria reported a 70.6% jump in profit after tax to N707.5 billion for the first half of 2026. Service revenue grew 25.9% during the period. Increased data consumption and a stable Naira drove the financial gains. The subsidiary added 4.9 million subscribers. The total subscriber base reached 92.2 million.
MTN Group shares fell as much as 9.4% on the JSE Friday. A lawsuit in Ghana regarding Mobile Money intellectual property rights triggered the negative sentiment. A local technology firm is suing both MTN Ghana and the parent company. MTN stated the claim is without merit and will contest the matter vigorously.