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MTN Nigeria - Page 2

MTN Shareholders, Karl Toriola Lose N581.57bn Within Three Days

Data Boom Fuels MTN’s ₦2.99tn H1 Revenue as Nigerians Spend ₦1.7tn on Internet Services

July 31, 2026

MTN Nigeria recorded ₦2.993 trillion in revenue in the first half of 2026, as rising demand for mobile internet services propelled earnings and reinforced data’s position as the company’s biggest source of

Nigeria's Economic Independence Struggle: The Foreign Telecom Giants, Naira's Dilemma

Business News·Top Stories

Holding MTN Nigeria Shares More Profitable Than Owning Airtel Shares

May 27, 2026

In the first quarter (Q1) of 2026, equity traders in the Nigerian Exchange (NGX), also known as the stock market, favoured MTN Nigeria’s shares over its market rival, Airtel Africa. According to

From Millionaire To Billionaire: MTN's Bullish Run Changes Karl Toriola's Net Worth Status

Business News·FEATURES·Top Stories

MTN Nigeria’s CEO Karl Toriola Increases Stake, Now Holds N3.68bn Investment In Telco

April 6, 2026

The group managing director (GMD) and chief executive officer (CEO) of MTN Nigeria, Karl Toriola, has increased his shareholding in the telecommunications company. Toriola increased his shareholding by 761,788 shares in 2025,

Business News·News·Technology·Top Stories

Nigeria Reviews MTN Group’s Acquisition of IHS Towers Over Sector Impact

February 17, 2026

The Federal Government has said it will undertake a comprehensive assessment of the reported acquisition of IHS Towers by MTN Group, citing the strategic importance of telecommunications infrastructure to Nigeria’s national security,

Business News·Top Stories

MTN Shareholders, Karl Toriola Lose N581.57bn Within Three Days

December 26, 2025

MTN Nigeria chief executive officer, Karl Toriola, and the network provider’s shareholders lost a total of N581.57 billion within three days, Monday, December 22, and Wednesday, December 24, according to Prime Business

Business News·Top Stories

MTN Nigeria Earns N1.22trn From Data Sale In Six Months

August 4, 2025

In the second quarter (Q2) of 2025, MTN Nigeria generated N1.31 trillion in revenue, surpassing the N786.13 billion recorded in the same period in 2024, representing an increase of 67.88 percent. A

News

Roaming Agreement With MTN: A Bold Resurgence For 9Mobile, Says CEO Banigbe

July 4, 2025

CEO of 9Mobile, Obafemi Banigbe, has said the national roaming agreement with MTN Nigeria marks a bold resurgence for the telecom company. MTN Nigeria Communications Plc and Emerging Markets Telecommunications Services Limited

Business News·Top Stories

MTN Nigeria Shareholders Lose N104.97bn After Board Member Sells Off Shares

May 26, 2025

MTN Nigeria shareholders lost N104.97 billion combined within five days after Eyitope Kola-Oyeneyin, a board member, sold her stake in the telecommunications company on Monday, May 19. Kola-Oyeneyin sold the shares five

Business News·Top Stories

MTN Nigeria Records N1trn Revenue In Three Months — After Raising Data Prices

April 30, 2025

MTN Nigeria’s total revenue hit N1.05 trillion in the first quarter (Q1) of 2025, surpassing the N752.98 billion recorded between January and March 2024 by 40.5 percent. In its unaudited financial results

Markets

MTN Investors Earn N944bn In Three Months As Airtel’s Shareholders Record Zero

April 16, 2025

MTN Nigeria investors had much to celebrate at the end of the first quarter in 2025 compared to shareholders of their market rivals, Airtel Africa. According to Prime Business Africa’s analysis of

Business News·Technology

Renewal Of MTN Nigeria Spectrum Lease With NTEL Boosts Connectivity Across States

December 26, 2024

Following approval by the Nigerian Communications Commission (NCC), MTN Nigeria Communications PLC (MTN Nigeria) has renewed its spectrum lease agreement with Natcom Development and Investment Limited (NTEL). This extension builds on a

Financial Obligations Force MTN Nigeria To Borrow N125bn From Commercial Paper Investors

Business News·News

MTN MoMo PSB Revenue Rises By 8.1%, As Active Wallet Users Hit 5.3 Million In 2023

March 3, 2024

MTN Nigeria has announced that revenue from its MoMo Payment Service Bank (PSB) increased by 8.1 per cent while active customers enrolled on the wallet platform reached 5.3 million by December 2023.

News

NCC Halts Impending Telecom Disruption As MTN, Glo Reach Agreement

January 18, 2024

Nigerian Communications Commission (NCC) has announced the suspension of the disconnection of Globacom Limited by MTN Nigerian Communications Plc. due to a lingering interconnection debt dispute.

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MTN Nigeria - Page 2

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