MTN, Airtel Rake in N3.67tn as Nigerians’ Demand for Data, Airtime Soars in 6 Months [Video]

Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the Stock Market.

MTN Nigeria Communications Plc and Airtel Nigeria generated a combined total of approximately N3.67tn from their voice and data services in the first half of 2024, based on an analysis of their financial reports.

MTN, the largest telecom provider in the country with nearly 80 million subscribers, recorded total revenue of N1.27tn for the first six months of the year, largely driven by an increase in data service usage.

Data services alone accounted for N726.6bn of this revenue, marking a 55% rise from N469.7bn in the corresponding period of 2023.

Revenue from voice services also saw an upward trend, reaching N541.3bn, compared to N474.1bn the previous year.

MTN, which …