MTN Nigeria earns more but keeps less cash

T2Covered by 1 source · first reported by Africa: TechCabal / Techpoint Africa / TechCentral / WeeTracker / Ventureburn at 02 Nov, 12:43 UTC

MTN Nigeria’s profit after tax rose 55.3% to ₦1.17 trillion in the first nine months of 2026, but its cash reserves fell nearly 40% as dividends, network investments and debt repayments absorbed cash. The results highlight the growing tension between rewarding shareholders, funding expansion and…

Sources

• T2MTN Nigeria earns more but keeps less cashAfrica: TechCabal / Techpoint Africa / TechCentral / WeeTracker / Ventureburn02 Nov, 12:43