MTN Nigeria is set to accelerate its financial recovery by capitalizing on structural market demand and implementing phased tariff adjustments to boost performance. The company remains focused on sustaining growth in key markets such as Ghana and Uganda, while addressing regulatory and macroeconomic challenges in other regions.
MTN has also refined its commercial strategies to drive sustainable profitability within its fintech operations, particularly for MoMo PSB in Nigeria. The ongoing separation of its fintech operations into a Group Fintech structure remains a priority, aligning with Mastercard’s minority investment agreement.
The company is on track to achieve its Expense Efficiency Program (EEP) target of R7-8 billion in cost savings between 2024 and 2026. With a disciplined capital allocation strategy, MTN plans to invest R30-35 billion in capital expenditures for FY 2025 to support its medium-term growth objectives.
More on MTN Nigeria: MTN Nigeria Sets Benchmark with IAS Compliance Certification
MTN Nigeria Keen to Double Tariffs Amid Economic Volatility
MTN Nigeria Q3 2024: Resilience Amid Economic and Regulatory Challenges
