Business
MTN Reports 22.4% Revenue Growth in H1 2025, Driven by Nigeria and Ghana
MTN has recently announced their financial results after the first half of 2025. The report stated that a 22.4 percent increase was made in the service revenue and was driven mainly by their users in Nigeria and Ghana.
The report also shared that the group rose by 23.2 percent to R105.1 billion. It can be noted that this growth occurred after higher demand for data, which increased the data revenue.
Aside from its financial success, MTN also announced that the current CEO of MTN Nigeria will be taken over by Karl Toriola from November 1, 2025, as he will take on the role of Vice President for Francophone Africa, overseeing operations in Cameroon, Côte d’Ivoire, Benin, and Congo Brazzaville.
Since Uber exited Nigeria, rumours have been circulating over why the company left the country. One of the claims suggested that FAAN was part of the reason for the exit.
The Federal Airports Authority of Nigeria (FAAN) has now addressed the rumours and claims of its involvement in Uber’s decision to leave Nigeria.
FAAN said it could not speak for Uber’s decision, noting that the company likely had its own economic and regulatory considerations for leaving Nigeria.
FAAN’s Managing Director, Olubunmi Kuku, said “I can’t speak to Uber’s exit from Nigeria. I am sure they have their own economic and regulatory decisions as to why they chose to exit.”
The Federal Government trains 500 women and youths in food production and agriculture. The programme was started to support food security.
The Federal Ministry of Agriculture and Food Security partnered with the National Horticultural Research Institute (NIHORT).
The women and youths were taught tomato, okra and Telfairia production techniques. The government believes this will help boost agriculture, improve food production and strengthen the economy in Ogun State.
According to reports, fuel stations are reducing their prices a bit. This has become a general thing around Nigeria after the spike due to the removal of subsidy.
The prices are dropping to ₦1,275 and ₦1,299, going lower than ₦1,300 compared to what it was before.
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