MTN Nigeria Communications Plc has appointed 5 new administrators to its board, together with Ibrahim Dikko and Professor Fabian Ajogwu, with the appointments taking impact from December 1, 2026.
The telecommunications firm disclosed this in a notification to the Nigerian Exchange Limited (NGX) and the investing public dated November 3, 2026.
The newly appointed administrators are Dikko, Boye Olusanya, Ajogwu, Imoni Akpofure and Lwazi Bam.
While Dikko and Olusanya will function Independent Non-Executive Directors, Ajogwu, Akpofure and Bam have been appointed Non-Executive Directors.
MTN Nigeria mentioned the appointments would strengthen the board’s operations by bringing extra expertise and experience to help the corporate’s development and future strategic path.
Dikko brings greater than 30 years of expertise throughout banking, telecommunications, info and communications expertise, and regulatory advisory. He beforehand served as Chairman of First Securities Discount House Limited between 2002 and 2012 and as Vice President, Regulatory and Corporate Affairs at EMTS Limited, previously Etisalat Nigeria, from 2007 to 2017.
He holds a Bachelor of Laws diploma from the University of Buckingham and a Master of Laws diploma from Queen Mary and Westfield College, University of London. He was additionally referred to as to the Nigerian Bar.
Olusanya, who has greater than 25 years of govt management expertise throughout a number of sectors, at the moment serves as Group Chief Executive Officer of FMN Holdings Limited.
His expertise spans fast-moving client items, agriculture, telecommunications, expertise, vitality, infrastructure and monetary companies. At FMN Holdings, he leads the strategic transformation of the enterprise right into a vertically built-in, consumer-focused meals and agro-industrial platform.
Among the opposite appointees, Ajogwu is a Senior Advocate of Nigeria and Professor of Corporate Governance at Lagos Business School. He can be the Senior Partner at KENNA LP, with 35 years of authorized observe expertise.
He holds a PhD in Law from the University of Aberdeen, Scotland, an MBA from IESE Business School in Barcelona, and regulation levels from the University of Nigeria and the University of Lagos.
Ajogwu has contributed to company governance reforms in Nigeria, together with aiding the Securities and Exchange Commission in drafting the nation’s pioneering Code of Corporate Governance. He additionally served on the Financial Reporting Council of Nigeria Committee on the National Code of Corporate Governance 2018.
Akpofure brings almost three a long time of management expertise in finance, infrastructure and sustainability, with a give attention to Sub-Saharan Africa.
Her profession contains senior positions on the International Finance Corporation, CDC Group, now British International Investment, and KINA Advisory. She at the moment serves on the boards of Africa50 and the Development Bank of Nigeria.
Bam joined MTN Group on June 1, 2026, as Group Chief Risk Officer, after serving as Chief Executive Officer of Deloitte Africa and Deloitte Southern Africa between 2012 and 2022.
During his almost three a long time at Deloitte, he held a number of senior management positions and served on the Deloitte Global Executive Committee. He additionally beforehand served as a non-executive director on the boards of Standard Bank Group and Valterra Platinum.
He at the moment sits on the boards of Woolworths Holdings Limited and ZEDA Limited.
The board appointments come as MTN Nigeria continues to report sturdy monetary development.
The firm recorded a 59.4 per cent improve in pre-tax revenue to N1.80 trillion for the 9 months ended September 30, 2026, in contrast with N1.13 trillion within the corresponding interval of 2025.
Revenue rose by 23.6 per cent to N4.61 trillion from N3.73 trillion, whereas revenue after tax elevated by 55.3 per cent to N1.17 trillion from N750.19 billion.
Earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) grew by 36.8 per cent to N2.62 trillion, with its margin bettering to 56.9 per cent from 51.4 per cent.
The development was largely pushed by the corporate’s information enterprise, which recorded a 35.8 per cent improve in income to N2.68 trillion, accounting for 58.5 per cent of complete service income.
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