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Airtel Nigeria's Revenue Plummets Despite Subscriber Growth

5/9/2025

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Summary

Story summary

Airtel Nigeria faced a staggering 30.4% revenue plunge to $1.04 billion for the year ending March 31, 2025, largely due to the devaluation of the Naira. Yet, hope remains as its subscriber base swelled to 53.3 million, and data consumption per user surged. In contrast, Nigeria's telecom sector saw a loss of nearly one million internet users after a steep 50% tariff increase in January 2025.

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Story summary

Airtel Nigeria faced a staggering 30.4% revenue plunge to $1.04 billion for the year ending March 31, 2025, largely due to the devaluation of the Naira. Yet, hope remains as its subscriber base swelled to 53.3 million, and data consumption per user surged. In contrast, Nigeria's telecom sector saw a loss of nearly one million internet users after a steep 50% tariff increase in January 2025.