MTN shocks shareholders, reveals impact of airtime and data suspension services on its reveue

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MTN Nigeria reported a 72.4% drop in fintech revenue following Xtratime service suspensionThe telecom giant anticipates recovery in fintech business as Xtratime resumes operationsMTN’s overall revenue surged 25.9% amidst strong core business performance and growing subscriber base

Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.

MTN Nigeria has disclosed the financial impact of the temporary suspension of its airtime and data credit service, Xtratime, revealing a sharp drop in fintech earnings despite posting a strong overall profit for the first half of 2026.

The telecom giant said fintech revenue plunged 72.4% year-on-year to ₦12.99 billion in the second quarter after the service was halted in April.

MTN Nigeria announces revenue drop, blames FCCPC action. Credit: MTN Nigeria
Source: UGC

The decline dragged first-half fintech revenue down 7.2% to ₦77.2 billion, making the unit one of the few weak spots in an otherwise impressive earnings report.

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