MTN Nigeria's ₦3 Trillion H1 Revenue Masks MoMo's Continued Struggles

MTN Nigeria has reported ₦3 trillion in first-half revenue but its MoMo mobile money arm remains unprofitable, illustrating a scale-versus-profitability tension that has persisted since the airtime lending suspension. The full H1 picture extends the cautionary reading of MTN Nigeria's financial trajectory documented after its Q2 slowdown.