MTN and Airtel made N1.92tn from calls and data between January and September, 2022.
This is according to data from the financial results of MTN Nigeria Communications Plc and Airtel Africa’s Nigeria subsidiary.
This is an 18.27 per cent increase from the N1.62tn that was earned by the telcos on calls and data in the corresponding period of 2021.
MTN Nigeria revealed that its customers spent N753.78bn and N549.66bn on calls and data respectively while Airtel Nigeria customers spent N342.71bn ($780m) and N274.61bn ($625m) on calls and data, respectively.
In its result, MTN stated that inflation, supply chain uncertainties and foreign exchange scarcity were putting financial pressure on consumers and businesses.