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The Digest:

MTN Nigeria’s fintech division has emerged as a financial powerhouse, generating a staggering N131.6 billion in revenue during the first nine months of 2025—equivalent to N43 billion per quarter, as the telecom giant leverages its massive subscriber base to dominate Nigeria’s digital financial services landscape.

Key Points:
  • MTN’s fintech arm recorded N131.6 billion revenue in nine months, up 72.5% year-on-year.
  • The division now generates about N43 billion quarterly and N15 billion monthly.
  • Active wallets grew to 2.9 million, supported by 85.4 million total subscribers.
  • Data revenue surged 36% with 51.1 million active data users.
  • MTN’s overall revenue hit N3.7 trillion with N1.1 trillion pre-tax profit in Q3.
  • The company is positioned to lead in digital lending and consumer credit services.
  • Fintech revenue has grown over tenfold since 2015, from N8.8 billion to a projected N200+ billion by 2026.
From a modest side venture to a core revenue pillar, MTN’s fintech evolution demonstrates how telecom infrastructure is rewriting the rules of financial inclusion and profitability in Nigeria.

Sources: Nairametrics, MTN Financial Reports