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Nigerians Spend 479 billion Naira on MTN Airtime, Data, and Others in Under Three Months

Nigerians Spend 479 billion Naira on MTN Airtime, Data, and Others in Under Three Months

Telecom service provider, MTN Nigeria has disclosed that about 479.10 billion naira was generated from sales of airtime, data, SMS, and other business-related services in the second quarter (Q2) of 2022, rising by 18.02% from the 405.94 billion naira of Q2 2021.

However, despite the revenue growth, MTN Nigeria recorded a dip in one of its major revenue sources, Voice a.k.a airtime, which plummeted to 200.74 billion naira in the period under review, failing to surpass the 203.98 billion naira recorded in Q2 2021.

The telecommunications company was saved by a growth in the data segment, after the ‘y’ello’ network grossed about 185.54 billion naira between April to June 2022, generating more than the 122.82-billion-naira MTN subscribers spent in the same period in the second quarter of last year.

MTN Nigeria also grew its earnings from SMS, disclosing that Nigerians sent text messages worth 16.45 billion naira within the three months of Q2 2022, raising the turnover from the segment above the 11 billion naira grossed from its users in Q2 2021.

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At the end of the period in review, MTN Nigeria was able to shut down the second quarter of this year with 84.80 billion naira profit excluding tax, in contrast to the 68.08 naira billion profit the network provider had recorded a year previously.

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