Company: MTN Nigeria
Country: Nigeria
Sector: Telecommunications
CEO: Karl Toriola (Managing Director / Chief Executive Officer)
Website: https://www.mtn.ng
Careers Page: Not publicly listed
LinkedIn: Not publicly listed
Email: info@mtn.ng
Headquarters: Lagos, Nigeria
Founded: 2001
Valuation/Revenue: $3,514.0m revenue; $3,352.0m market cap (African Business Top 250, 2025, rank #46)
MTN Nigeria Communications Plc is Nigeria’s largest mobile network operator, providing voice, data, mobile money (MoMo) and fintech services to tens of millions of subscribers across Africa’s most populous country. It is majority owned by South Africa’s MTN Group and is listed on the Nigerian Exchange (NGX).
What Does MTN Nigeria Do?
MTN Nigeria offers mobile voice and data services, 4G and expanding 5G network coverage, fixed wireless broadband, and a growing fintech and mobile money business (MoMo Payment Service Bank) that lets Nigerians without traditional bank accounts send money, pay bills and access basic financial services via mobile phone. Data and fintech have become increasingly central to its growth strategy as smartphone penetration rises and Nigerians shift spending toward data services even amid economic pressure and currency volatility.
How Big Is MTN Nigeria?
MTN Nigeria is one of the largest companies in Nigeria and appears at #46 on the African Business Top 250 (2025) list with revenue of roughly $3.5bn and a market capitalisation of about $3.35bn. In naira terms, the company has posted rapid growth: it reported service revenue climbing sharply and profit nearly tripling in early 2026 results, with half-year 2026 revenue approaching ₦3 trillion, driven by data and fintech growth despite challenging macroeconomic conditions in Nigeria, including currency depreciation that has affected dollar-denominated comparisons.
Who Is the CEO of MTN Nigeria?
Karl Toriola has served as MTN Nigeria’s Managing Director and CEO. In 2026, MTN Group gave Toriola an expanded role, additionally appointing him Vice President for the group’s Francophone West and Central Africa operations, while he continues in his existing MTN Nigeria leadership capacity — a reshuffle that reflects his standing within the broader MTN Group as one of its most senior African executives.
Who Owns MTN Nigeria?
MTN Group, the Johannesburg-headquartered pan-African telecoms operator, is the majority shareholder in MTN Nigeria, though the Nigerian subsidiary is separately listed on the Nigerian Exchange with a meaningful free float held by Nigerian and international institutional and retail investors, following a local listing requirement imposed as a condition of MTN’s Nigerian operating licence.
Is MTN Nigeria Publicly Traded?
Yes. MTN Nigeria Communications Plc trades on the Nigerian Exchange (NGX) under the ticker MTNN and is one of the most actively traded and highly capitalised stocks on that exchange, closely watched by Nigerian investors given its scale relative to the broader market.
Where Is MTN Nigeria Headquartered?
The company’s head office is in Lagos, Nigeria’s commercial capital, from where it manages its national network and operations across Nigeria’s 36 states and the Federal Capital Territory.
How Does MTN Nigeria Compare to Its Competitors?
MTN Nigeria is the clear market leader among Nigeria’s mobile operators, ahead of Airtel Nigeria, Globacom (Glo) and 9mobile. Its scale advantage extends into its fintech push, where its MoMo mobile money service competes with Airtel’s Smartcash, Opay, PalmPay and other Nigerian fintech players in a fast-growing but competitive digital payments market.
How Has MTN Nigeria Performed Financially?
MTN Nigeria’s 2026 results have shown strong momentum: first-quarter profit nearly tripled year-on-year to around ₦355.5 billion, driven by data and fintech revenue growth, while half-year 2026 revenue approached ₦3 trillion. The company added roughly 5 million new subscribers in a recent reporting period and declared a ₦26 per share interim dividend after a strong first-half performance, reflecting continued demand growth even as the Nigerian naira’s depreciation against the US dollar has periodically dampened dollar-denominated revenue comparisons like the one used in the African Business Top 250 ranking. MTN has stated an ambition to grow group revenue toward ₦6 trillion, driven substantially by data consumption growth and its expanding MoMo Payment Service Bank fintech operations.
How Big Is MTN Nigeria’s Network?
MTN Nigeria operates the country’s largest mobile network by subscriber base, with continued investment in network capacity — the company has highlighted plans to invest around ₦1.6 trillion into network infrastructure as data revenue overtakes voice revenue as its primary income source, a structural shift mirrored across most African mobile markets as smartphone adoption rises. The company’s scale in Africa’s most populous nation, with more than 200 million people, makes it one of the single largest individual telecom operating companies on the continent by subscriber count.
Links
Website: https://www.mtn.ng
Careers Page: Not found
LinkedIn: Not found
Email: info@mtn.ng
FAQ
Who owns MTN Nigeria?
MTN Group is the majority shareholder, with the remainder held by public investors on the Nigerian Exchange.
Who is the CEO of MTN Nigeria?
Karl Toriola, who in 2026 also took on an expanded role as MTN Group’s Vice President for Francophone Africa.
Is MTN Nigeria publicly traded?
Yes, on the Nigerian Exchange (NGX) under the ticker MTNN.
What services does MTN Nigeria offer?
Mobile voice and data, broadband, and mobile money/fintech services through its MoMo Payment Service Bank.
When was MTN Nigeria founded?
MTN launched commercial operations in Nigeria in 2001, shortly after Nigeria’s telecoms sector was liberalised.
How do I contact MTN Nigeria?
Via the general enquiries email info@mtn.ng or through its official website mtn.ng.