• About
  • Advertise
  • Careers
  • Contact Us
Saturday, June 21, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
ADVERTISEMENT
Home News

UPDATED: MTN Nigeria Increases Subscribers Base by 7.6% to 74.1 million in H1 2022

by Yinka Okeowo
August 2, 2022
in News
0
UBA
Advertisements

MTN Nigeria, the leading telecommunication operator, increased its subscriber base by 7.6% in the first half of Nigeria (H1 2022).

According to data released by MTN Nigeria Communications Plc., obtained by TechEconomy, the company added 5.7 million subscribers in H1 2022. This brings the total number of subscriber as at the quarter to 74.1 million.

The publications below were released on Friday 29 July 2022 on the NGX:

  • MTN Nigeria Dividend Information H1 2022
  • MTN Nigeria Earnings Release H1 2022
  • MTN Nigeria Unaudited Financial Statements H1 2022

MTN Nigeria Dividend Information H1 2022

MTNN Plc has proposed an interim dividend of N5.60k per 2 kobo ordinary shares subject to appropriate deduction of withholding tax and will be paid to shareholders whose names appear in the register of members as at close of business on 18 August 2022.

Click here to view full publication.

MTN’s Earnings Release H1 2022

Salient Points:

  • Mobile subscribers increased by 7.6% to 74.1 million; added 5.7 million subscribers in H1 2022
  • Active data users increased by 13.2% to 36.8 million; added 2.5 million active users in H1 2022
  • Active Fintech subscribers rose by 87.3% to 11.5 million; 4.2 million registered (2.4 million active) MoMo wallets since launch of PSB on 19 May 2022
  • Service revenue increased by 19.9% to N947.9 billion
  • Earnings before Interest, tax, depreciation, and amortization (EBITDA) grow by 22.1% to N509.3 billion
  • EBITDA margin increased by 0.9 % points (pp) to 53.6%
  • Profit before tax (PBT) grew by 24.9% to N268.6 billion
  • Profit after tax (PAT) grew by 28.1% to 181.6 billion
  • Earnings per share (EPS) rose by 28.1% to N8.92 kobo
  • Capital expenditure (Capex) rose by 67.1% to N311.6 billion (up 78.6% to N204.5 billion, excluding right of use assets)
  • Interim dividend of N5.60 kobo per share, up by 23.1%

Commenting on the report, Karl Toriola, CEO MTN Nigeria, said they made good progress during the period under review.

“During the first half of 2022, we made good progress in strengthening the resilience of the business in the face of our increasingly challenging operating environment with rising energy, food and general inflation putting pressure on consumer spending.

“The conflict in Ukraine as well as implementation of a ‘zero-COVID’ policy in China, has also put a strain on global food supply chains. To mitigate global supply chain and exchange rate risks, we accelerated capital expenditure for network expansion into the H1 2022.

“We deployed CAPEX of N311.6 billion to accelerate the rollout of our 4G network, which now covers 75.3% (compared to 65.1% in H1 2021) of the population and accounts for 77.9% of data traffic (compared to 67.2% in H1 2021).

Loading

Advertisements
MTN ADS

Author

  • Yinka Okeowo
    Yinka Okeowo

    View all posts
0Shares
Tags: Karl ToriolaMTN NigeriaNGXTechEconomy
Yinka Okeowo

Yinka Okeowo

Next Post

Union Bank Deducted Over N300K as Charge, Lady Cries out After Losing Admission to Study Abroad

Comments 0

  1. Pingback: MTN Nigeria Launches Home Broadband Services – TechEconomy.ng - TechEconomy.ng - Basket Bowler
  2. Pingback: MTN Nigeria Launches Home Broadband Services – TechEconomy.ng - TechEconomy.ng
  3. Pingback: UPDATED: MTN Nigeria Increases Subscribers Base by 7.6% to 74.1 million in H1 2022 – TechEconomy.ng - TechEconomy.ng - news mania

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Phos and Silverflow Partner to Unleash End-to-End SoftPoS Payments Acceptance

Phos and Silverflow Partner to Unleash End-to-End SoftPoS Payments Acceptance

1 year ago
CITN Urges FG Action on Multiple Taxation to Boost Foreign Investments

CITN Urges FG Action on Multiple Taxation to Boost Foreign Investments

2 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.