{
  "id": 17414500,
  "title": "MTN Nigeria’s nine-month profit rises 55% to N1.17tn",
  "url": "https://urgent.news/2026/10/31/mtn-nigerias-nine-month-profit-rises-55-to-n1-17tn",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-31T14:36:51.000Z",
  "source": {
    "name": "Punch Nigeria",
    "slug": "punch-nigeria",
    "url": "https://punchng.com/mtn-nigerias-nine-month-profit-rises-55-to-n1-17tn/"
  },
  "original_language": "en",
  "account": "MTN Nigeria reported a 55.3% increase in profit after tax to N1.17tn over the nine months ended September 30, 2026, according to its unaudited financial results released on Friday. Revenue grew by 23.7% to N4.6tn, while earnings before interest, taxes, depreciation, and amortisation surged by 36.8% to N2.6tn. Profit per share also increased by 55.3% to N55.60. Free cash flow rose by 57.5% to N1.17tn. The operator now has 94.7 million subscribers, including 57.2 million active data users. MTN Nigeria's CEO, Karl Toriola, credited the growth to rising demand for connectivity and the company's ongoing investments in network infrastructure. The chief executive emphasized that the company would continue to expand network coverage and capacity to meet the increasing demand for internet services.",
  "summary": "MTN Nigeria has recorded a 55.3% increase in profit after tax to N1.17tn for the nine months ended September 30, 2026, driven by higher revenue. Read More: https://punchng.com/mtn-nigerias-nine-month-profit-rises-55-to-n1-17tn/",
  "key_points": [
    "MTN Nigeria's profit after tax rose 55.3% to N1.17tn",
    "Revenue increased 23.7% to N4.6tn over nine months",
    "Free cash flow grew 57.5% to N1.17tn"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Nairametrics",
        "title": "MTN Nigeria’s 9M pre-tax profit rises 59.4% to N1.80 trillion as revenue hits N4.61 trillion",
        "url": "https://urgent.news/2026/10/31/mtn-nigerias-9m-pre-tax-profit-rises-59-4-to-n1-80-trillion-as",
        "published": "2026-10-31T16:23:28.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}