MTN Nigeria has announced its financial results for the first quarter of 2026, ending March 31, highlighting a strong start to the year and a significant increase in infrastructure investment.

The telecommunications giant disclosed that its capital expenditure (Capex) rose by 92.89 per cent, climbing from ₦202.4 billion in Q1 2025 to ₦390.3 billion in Q1 2026. The company said the surge reflects its continued commitment to strengthening the network infrastructure that supports millions of Nigerians daily.

According to MTN Nigeria, the investment is aimed at enhancing capacity, improving service quality, and expanding coverage to meet the growing digital needs of its subscribers.

“Every call made, message sent, stream watched, or business conducted depends on a reliable network,” the company noted, emphasizing that sustained investment remains critical to delivering consistent and dependable services.

With a subscriber base of 89.5 million, MTN Nigeria acknowledged the responsibility that comes with its scale, reaffirming its focus on supporting how customers live, work, learn, and connect in an increasingly digital world.

The company stressed that its performance goes beyond financial metrics, noting that its priority is translating growth into tangible improvements that customers can experience and trust.

MTN Nigeria also expressed appreciation to the government and regulatory authorities for fostering an enabling environment, while thanking shareholders for their continued confidence in its long-term strategy.

The company further commended its employees for their dedication and extended gratitude to its subscribers, describing them as central to its continued success.

MTN Nigeria said the strong Q1 performance provides momentum to sustain investments in critical infrastructure and deepen its role in connecting Nigerians to opportunities.

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