MTN Nigeria has appointed five new directors to board.
NewsOnline Nigeria reports that MTN Nigeria Communications Plc has appointed five new directors to its board as the telecommunications company strengthens its corporate leadership and governance structure.
The new directors are Ibrahim Dikko, Boye Olusanya, Professor Fabian Ajogwu, Imoni Akpofure and Lwazi Bam.
The appointments will take effect from December 1, 2026, according to a notification filed by the company with the Nigerian Exchange Limited (NGX) on November 3.
Dikko and Olusanya will serve as Independent Non-Executive Directors, while Ajogwu, Akpofure and Bam will join the board as Non-Executive Directors.
The appointments bring expertise in telecommunications, banking, corporate governance, financial services, infrastructure, sustainability and risk management to MTN Nigeria’s board.
Dikko has more than 30 years of experience spanning banking, telecommunications, information and communications technology, and regulatory advisory.
He chaired First Securities Discount House Limited between 2002 and 2012 and served as Vice President of Regulatory and Corporate Affairs at EMTS Limited, which operated as Etisalat Nigeria, from 2007 to 2017.
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He holds law degrees from the University of Buckingham and Queen Mary and Westfield College, University of London, and is a member of the Nigerian Bar.
Olusanya brings more than 25 years of executive experience across agriculture, telecommunications, technology, energy and financial services.
He is currently the Group Chief Executive Officer of FMN Holdings Limited, where he oversees the company’s transformation into a vertically integrated food and agro-industrial business.
His previous experience includes business restructuring, acquisitions, operational management and regional expansion.
Ajogwu, a Senior Advocate of Nigeria (SAN), is a Professor of Corporate Governance at Lagos Business School and Senior Partner at KENNA LP, where he has practised law for 35 years.
His corporate governance experience includes helping the Securities and Exchange Commission develop Nigeria’s pioneering Code of Corporate Governance.
He also served on the Financial Reporting Council of Nigeria Committee on the National Code of Corporate Governance 2018.
Ajogwu holds a PhD in Law from the University of Aberdeen, an MBA from IESE Business School in Barcelona, and law degrees from the University of Nigeria and the University of Lagos.
He founded the Society for Corporate Governance Nigeria and has authored several books on corporate governance. The Federal Government also honoured him with the Officer of the Order of the Federal Republic (OFR).
Akpofure brings nearly three decades of experience in finance, infrastructure and sustainability, with a particular focus on Sub-Saharan Africa.
Her career includes senior positions at the International Finance Corporation (IFC), CDC Group, now British International Investment, and KINA Advisory.
She currently serves on the boards of Africa50 and the Development Bank of Nigeria.
Bam joined MTN Group as Group Chief Risk Officer on June 1, 2026.
Before joining the telecommunications group, he served as Chief Executive Officer of Deloitte Africa and Deloitte Southern Africa between 2012 and 2022.
During his nearly three decades at Deloitte, he also served on the Deloitte Global Executive Committee.
Between 2022 and 2026, Bam held non-executive director positions at Standard Bank Group and Valterra Platinum. He currently sits on the boards of Woolworths Holdings Limited and ZEDA Limited.
He is a qualified Chartered Accountant in South Africa and completed the Advanced Management Programme at Harvard Business School.
MTN Nigeria’s Financial Performance
The board appointments come as MTN Nigeria reports strong financial growth in the first nine months of 2026.
The company recorded N1.80 trillion in profit before tax for the nine months ended September 30, 2026, representing a 59.4 per cent increase from the N1.13 trillion reported in the corresponding period of 2025.
Revenue rose by 23.6 per cent to N4.61 trillion from N3.73 trillion, while profit after tax increased by 55.3 per cent to N1.17 trillion, compared with N750.19 billion recorded a year earlier.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) grew by 36.8 per cent to N2.62 trillion, while the EBITDA margin improved from 51.4 per cent to 56.9 per cent.
Data services remained the company’s largest revenue contributor, with data revenue rising by 35.8 per cent to N2.68 trillion, accounting for 58.5 per cent of total service revenue.
The five appointments are scheduled to take effect as MTN Nigeria continues to expand its operations and strengthen its position in the country’s telecommunications market.
