👨🏿🚀TechCabal Daily – Shoprite, pay right
In today's edition: MTN Nigeria has a new growth problem || WIOCC raised $300 million || Shoprite finalises R&A Cellular acquisition || Kenya merges eTIMs with government payments
Good morning. A leading Nigerian telecom operator, MTN Nigeria, faces a growth challenge despite adding new subscribers and increasing service revenue. In the first half of 2026, MTN Nigeria added 7.5 million customers, bringing its total to 92.2 million. Service revenue rose by 25.9% to ₦2.99 trillion ($2.25 billion). However, the average revenue generated by each customer declined by 1.67% in naira terms and 8.82% in dollar terms.
The operator experienced a 50% tariff increase in 2025, which likely impacted individual customer revenue.
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