MTN Nigeria said it invested N1tn in 2025 to expand fibre infrastructure, roll out additional base stations and strengthen network capacity nationwide, as the country’s biggest telco returned to profitability after a choking financial year marked by foreign exchange pressures and negative equity.....TAP TO CONTINUE READING

The capital expenditure, more than double the prior year’s spending, formed part of a broader recovery that saw the company post a profit after tax of N1.1tn for the year ended December 31, 2025. The rebound followed a difficult 2024 in which MTN suspended dividend payments and grappled with balance sheet strain.

Chief Executive Officer Dr Karl Toriola described 2025 as a defining year for the company, linking the improved earnings position to renewed long-term infrastructure investment.

“During the year, we invested N1tn in network expansion and modernisation, more than double the prior year’s capital expenditure. This investment translates to additional base stations, deeper fibre rollout, expanded capacity and improved network resilience across the country because sustaining critical digital infrastructure requires disciplined capital allocation and a deliberate long-term approach,” the executive said.

The telcos’ total subscriber base increased to 87.3 million, up 7.9 per cent, while active data subscribers rose to 53.2 million. Data traffic grew by 34 per cent during the year. These figures reflect sustained demand for digital services across the country and underscore the need for continued investment in network capacity and resilience.

“We are mindful that in a period of economic pressure, expectations from customers are heightened. When Nigerians purchase data or rely on our network for work, education, financial services or daily communication, they expect reliability, fairness and continuous improvement. That expectation is both legitimate and central to our responsibility, Toriola noted.

MTN’s service revenue rose 55.1 per cent to N5.2tn in 2025, while earnings before interest, tax, depreciation and amortisation more than doubled to N2.7tn. Earnings per share improved to N53.07 from a negative N19.05 a year earlier, reflecting the sharp turnaround in operational performance.

Chief Financial Officer Modupe Kadiri said the company’s financial recovery was built on deliberate balance sheet repair, disciplined capital allocation and reduced foreign exchange exposure.

“A year ago, MTN Nigeria was in negative equity. Today, we are declaring a N20 total dividend for the 2025 financial year,” Kadiri stated.

The board approved a final dividend of N15 per share, subject to shareholder approval at the annual general meeting, bringing the total dividend for the year to N20 per share, including an interim dividend of N5 already paid in the fourth quarter.

According to its report, MTN generated N1.2tn in free cash flow during the year and rebuilt shareholders’ equity to N548.7bn, with retained earnings standing at N400.4bn at year-end, signalling restored financial stability after the previous year’s market volatility.

Toriola said profitability would continue to underpin infrastructure expansion, noting that profit enables sustained reinvestment in network quality and broader coverage rather than serving as an end in itself.

“Profit, in our context, is not an end in itself. It is the mechanism that enables continued investment in network quality, broader coverage and enhanced customer experience. As Nigeria’s digital ecosystem continues to expand across fintech, small businesses, education and public services, resilient and future-ready telecommunications infrastructure remains foundational to national development,” he added.

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The Nigeria Civil Aviation Authority has directed Overland Airways to refund passengers who were wrongly charged Value Added Tax on flight tickets purchased before January 1, 2026.....TAP TO CONTINUE READING

The directive followed clarification issued by the Nigeria Revenue Service on the implementation of the new tax regime affecting airline tickets.

Passengers had complained to the regulators after an elderly woman was forced to pay the new tax in 2025, a fee that was expected to take effect on January 1, 2026.

The Director of Public Affairs and Consumer Protection at the NCAA, Michael Achimugu, in a statement on Saturday, disclosed that the matter had been resolved after regulatory engagement with the airline and the Nigeria Revenue Service.

“As directed by the NCAA, the operator, Overland Airways, has reverted with clarification from the Nigeria Revenue Service,” Achimugu said.

He clarified that passengers who bought tickets before the new tax laws came into force should never have been subjected to additional charges.

“Tickets purchased before January 1, 2026 were not affected by the new tax laws,” he said, adding that passengers who bought tickets in 2025 but were later made to pay VAT at check-in in 2026 were not supposed to have been charged.

According to the NCAA, the airline had initially implemented the VAT requirement based on its interpretation of the new fiscal policy, prompting complaints from affected travellers.

Achimugu explained that regulatory clarification became necessary to determine the correct application of the tax.

“The onus was on the NRS to clarify, which they have now done,” he said, noting that the aviation regulator had earlier communicated its position to the airline.

Following the clarification, Overland Airways agreed to correct the situation.

“The airline has committed to redress the situation by initiating a refund for affected passengers,” Achimugu added.

The controversy arose after several passengers complained that they were compelled to pay additional VAT charges at airport counters despite purchasing their tickets months before the tax provisions took effect.

Travellers described the development as unexpected and financially burdensome, especially during peak travel periods in December.

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On February 28, an X account named ReversingTrend posted: “Initial reports indicate that Prime Minister Benjamin Netanyahu was killed by an Iranian drone strike inside his residence in Tel Aviv.”....TAP TO CONTINUE READING

The post quickly gained traction, recording 954,000 views, 1,100 retweets, and 7,700 likes.

Factcheck Africa tool confirmed that the claim was false. Multiple reliable sources confirmed that Benjamin Netanyahu was alive and continued to serve as the Prime Minister of Israel.

See the X post

below:

Further checks by Legit Nigeria showed that his profile entry on Israel’s official website listed his birthdate and current position with no mention of his death. The International Criminal Court (ICC) page also confirmed his status, noting that an arrest warrant was issued against him on November 21, 2024. The existence of this warrant implied that he was alive and subject to ongoing legal proceedings.

The evidence showed that Benjamin Netanyahu had not been killed in a drone strike. He remained in office as Prime Minister of Israel, and no credible reports supported the claim of his death. The viral post was therefore misleading, spreading false information about a sitting world leader.
Verdict

: False – Benjamin Netanyahu was not killed in a drone strike. He was alive and serving as Prime Minister of Israel at the time of the claim.

Who is Benjamin Netanyahu?

According to Israel government, Benjamin Netanyahu was born in 1949 in Tel Aviv and grew up in Jerusalem. His high school years were spent in the United States, where his father, the historian Benzion Netanyahu, taught and conducted historical research. Returning to Israel in 1967, Mr. Netanyahu enlisted in the IDF and served as a soldier and officer in Sayeret Matkal, a special unit of the Israeli army. He took part in several operations, including the rescue of hostages in a hijacked Sabena airplane in 1972. In the same year, he was cited for outstanding operational command by General Mordechai Gur, Chief of Israel’s Northern Command. After his discharge from the IDF in 1972, Mr. Netanyahu served in the Yom Kippur War of 1973 and was promoted after the war to the rank of captain in the Reserves.

Netanyahu received a B.Sc. degree in Architecture and an M.Sc. in Business Management from MIT. He also studied political science at MIT and at Harvard University.
Business

Experience Between 1976 and 1982 Mr. Netanyahu worked in the private sector, first with the Boston Consulting Group, an international business consultancy, and then as Marketing Director of Rim Industries in Jerusalem, an industrialized furniture manufacturer.

According to IndiaTimes, Trump described Khamenei as “one of the most evil people in history” and said he was tracked using “highly sophisticated tracking systems.” He called the strike “the single greatest chance for the Iranian people to take back their country.”

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