MTN Nigeria’s fintech revenue slumps after airtime lending pause

MTN Nigeria’s fintech business posted one of its weakest performances in recent years after the telecom operator temporarily suspended its airtime and data credit service, underscoring how much one product had come to underpin the division’s growth. Fintech revenue fell 72.4% year-on-year to ₦12.99 billion ($9.50 million) in the second quarter of 2026. The sharp decline pulled first-half fintech revenue down 7.2% to ₦77.2 billion ($56.49 million), making it one of the few weak spots in an otherw