Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    UBEC Supports Unified Learner Identity System

    July 13, 2026

    Nigeria Strengthens Relationship With Sierra Leone, Envoy Presents Credentials

    July 13, 2026

    Keystone Bank Reaffirms Support for MSMEs in Nigeria

    July 13, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      Kashim Shettima Will Run 2027 Election With Tinubu For Second Term Bid

      July 10, 2026

      INEC Uploads Peter Obi on Portal, Grants NDC Access 

      June 30, 2026

      President Tinubu Congratulates Oyebanji On Re-election As Ekiti Governor

      June 21, 2026

      Voting Exercise Commences Peacefully With INEC Ad-hoc Staff Early Arrival In Ekiti State. 

      June 20, 2026

      Itsekiri, Ijaw Decide on Rotation of Proposed Warri Federal Constituency II Seat

      June 13, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Sports July 10, 2026

      Burna Boy Will Feature At World Cup Final Halftime Show

      Recent

      Burna Boy Will Feature At World Cup Final Halftime Show

      July 10, 2026

      Lateef Adedimeji Unveils Reason Behind Emotional Tears In Movies

      July 9, 2026

      Richard Mofe Damijo Celebrates Birthday with Thankful Heart for 65

      July 6, 2026
    • Business

      Viral N2.5m Monthly Corn Business Earning Dismissed From Source

      July 8, 2026

      Consumer Credit Falls to N3.03tn, Shortage of N780bn Caused by High Rates

      June 30, 2026

      Remi Tinubu Says FG Also Support Pepper, Boole Sellers And Others. 

      June 30, 2026

      FirstBank Reiterates SME Backing To Drive Long-term Economic Growth

      June 29, 2026

      SMEDAN Secures $12m Korean Intervention, Unveils N500m MSME Grow Fund.

      June 29, 2026
    • Health

      Ebola Precaution: Tinubu Approves N10bn Emergency Funding 

      June 10, 2026

      FG to Minimize Medical Equipment Imports, Unveils $1.2bn Reform Plan for Local Manufacturers

      June 4, 2026

      Ultra-processed foods may significantly increase heart disease risk

      May 17, 2026

      Ebola outbreak in Congo kills at least 80, spreads concern to Uganda

      May 17, 2026

      New Ebola Outbreak Confirmed in Eastern Congo as Death Toll Rises

      May 15, 2026
    • Culture

      FCMB Reiterates Commitment for Ojude Oba as Key Driver of Heritage

      June 7, 2026

      Rite Foods Lightens Ojude Oba 2026, Refreshes Thousands

      June 2, 2026

      Ojude Oba 2026: Glo Rewards Age Grades, Horse Riders. 

      May 30, 2026

      FCMB Commends Ojude Oba’s Role In Strengthening Culture And Economy

      May 26, 2026

      Gov Adeleke Presents Staff of Office to Afilaka as Alatorin

      May 14, 2026
    • Lifestyle

      Nigeria: The Belly of the Beast

      June 24, 2026

      The Room We Never Left: Trauma, Insecurity, and the African Child

      May 25, 2026

      Airbnb Expands Into Hotels, Car Rentals and Grocery Services Amid Global Regulatory Pressure

      May 21, 2026

      DStv, GOtv Price Hike Pushes Nigerians Toward Local Streaming Alternatives

      May 14, 2026

      World Bank Highlights Early Childhood Development as Key to Nigeria’s Economic Future

      April 19, 2026
    • Sports

      After Five Months Exit, Nwabali Returns to Chippa United

      July 12, 2026

      Flamingos Beat Benin Republic To Qualify For 2026 FIFA U-17 Women’s World Cup 

      July 12, 2026

      FIFA Announces World Cup Semi-Finals Fixtures For Matches

      July 12, 2026

      WAFCON 2026: Madugu Outlines Names of Super Falcons squad

      July 11, 2026

      Burna Boy Will Feature At World Cup Final Halftime Show

      July 10, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » MTN, Amid Revenue, Profit Growth, Pays N879bn Taxes 
    Business & Economy (Africa)

    MTN, Amid Revenue, Profit Growth, Pays N879bn Taxes 

    Ifetayo AdeniyiBy Ifetayo AdeniyiMay 28, 20262 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    • MTN Nigeria paid N878.7bn in taxes, levies, and duties to federal and state authorities in the 2025 financial year.

    As Nigeria intensifies efforts to expand non-oil revenue and improve tax collection under its fiscal reform agenda, corporate tax contributions from major private-sector operators are becoming increasingly critical to government financing.

    Supporting that drive, MTN Nigeria paid N878.7bn in taxes, levies, and duties to federal and state authorities in the 2025 financial year, representing a 15 per cent increase from the previous year, according to the company’s recently released 2025 Sustainability Report.

    The trajectory, according to a statement, shows that the company paid N543.9bn in taxes and levies in 2023 before the figure climbed to N764bn in 2024, representing a cumulative increase of about 62 per cent over two years.

    The increase tracked the company’s recovery from forex-driven losses to a profit after tax of N1.11tn in 2025, while total revenue rose by 54.8 per cent to N5.20tn. Operating profit also increased to N2.08tn from N778.2bn.

    The N878.7bn remitted to the government in 2025 covered company income tax, value-added tax, spectrum fees, import duties, Nigerian Communications Commission levies, and contributions under the Rural and Urban Terrestrial Infrastructure tax credit scheme.

    The company also participated in the Road Infrastructure Tax Credit Scheme, under which it committed N202.8bn towards the reconstruction of the 110-kilometre Enugu-Onitsha Expressway.

    According to the report, the Rural and Urban Terrestrial Infrastructure scheme reached 50 per cent completion in 2025 after securing approval for an additional N23bn tax credit aimed at expanding fibre and telecommunications infrastructure in underserved communities.

    The report further highlighted the company’s growing domestic economic footprint, with 62 per cent of procurement spending directed to Nigerian suppliers in 2025, up from 59.6 per cent in the previous year.

    MTN said the policy aligns with the Federal Government’s local-content objectives and supports sectors including civil construction, logistics, software services, and power infrastructure.

    The company’s operational footprint expanded to 2,087 active base stations nationwide, while active mobile subscribers stood at 85.4 million by the third quarter of 2025. Active data users rose to 51.1 million, supported by smartphone penetration of 65.1 per cent.

    During the year, MTN Nigeria renewed its 800MHz spectrum licence for another 10 years to December 2034.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleArrival of Super Eagles’ Debutant Femi with Lead Goal for Nigeria
    Next Article Musa Ibrahim Narrates Aftereffect of Role In 2007 Horror Film ‘666’
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    Business & Economy (Africa) July 12, 2026

    MTN Hosts Youth Empowerment, Innovation Programme In Kano

    Business & Economy (Africa) July 11, 2026

    As Poor Internet Access Threatens Learning, Airtel Targets 5000 Connected Schools 

    Business & Economy (Africa) July 10, 2026

    Dangote Cement GMD, At Global CEO’s Summit, Champions Net-Zero Cement Production.    

    Business & Economy (Africa) July 8, 2026

    Oando Presents N204.8bn PAT as Production Rises 32%

    Business & Economy (Africa) July 8, 2026

    Airtel, Amid Green Transition, Cuts Diesel Use By 9.1m Litres

    Business & Economy (Africa) July 7, 2026

    Dangote Cement Approves N45 Dividend, Aims 80m Tonnes

    Leave A Reply Cancel Reply

    Don't Miss
    Education July 13, 2026

    UBEC Supports Unified Learner Identity System

    The Executive Secretary of UBEC, Aisha Garba, alongside the Minister of Education, Dr. Maruf Tunji…

    Nigeria Strengthens Relationship With Sierra Leone, Envoy Presents Credentials

    July 13, 2026

    Keystone Bank Reaffirms Support for MSMEs in Nigeria

    July 13, 2026

    FG Halts WAEC, NECO Fees Hike

    July 13, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    From Reform to Resilience: Dauda Lawal’s Expanding Footprint of Leadership in Zamfara

    May 3, 2026

    Securing the Classroom: The Safe School Mandate

    May 18, 2026

    Mars E&P secures $274 million facility from AFREXIM Bank

    November 25, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.