MTN Reports Strong Revenue Growth as Nigerian Operations Recover

South African telecommunications giant MTN Group has reported an increase of more than 17 per cent in service revenue for the first nine months of 2026, with improved performance in Nigeria contributing to the growth.

According to the company’s latest update released on Monday, November 9, revenue growth was recorded in constant-currency terms for the period ending September 30. Nigeria’s recovery and continued strong performance in Ghana were identified as important contributors.

The development is significant because Nigeria remains one of MTN’s major markets, with millions of subscribers relying on its telecommunications services for calls, internet access and digital transactions.

The reported improvement also comes amid ongoing discussions about Nigeria’s business environment, foreign exchange stability and the cost of operating telecommunications infrastructure.

Although MTN’s latest announcement highlights stronger service revenue, the report does not provide enough information to conclude that all of the company’s financial challenges have disappeared.