MTN Nigeria Communications Plc - Company Profile
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MTN Nigeria Communications Plc (MTN Nigeria), a subsidiary of MTN Group Ltd, is a provider of telecommunications services. The company primarily offers cellular network access and ICT solutions. Its services portfolio includes mobile voice, text services, Internet services, such as video calling, data services, and Internet browsing, mobile Internet, and mobile WiFi services. The company also provides mobile money services, allowing its customers to carry out financial transactions through its applications, mobile platform, and online ventures. It also provides value-added services such as fashion and lifestyle tips, mobile TV, mobile number search, and others. MTN Nigeria is headquartered in Lagos, Nigeria.
Headquarters
Nigeria
Address
MTN Plaza, No 1, Awolowo Road, Lagos
Website
www.mtn.ng
No of Employees
2,001
Industry
Technology and Communications
Ticker Symbol & Exchange
MTNN (NIG)
Revenue (2024)
$3.4B
54.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
378.6%
(2024 vs 2023)
Market Cap*
$12.8B
Net Profit Margin (2024)
XYZ
279.9%
(2024 vs 2023)
* As of and is in US$
MTN Nigeria Communications Plc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Mobile Handsets | Mobile Voice |
| Broadband | Mobile Data |
| 4G Mifi | Digital Services |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | New Products/Services | In December, MTN Zambia launched the MoMo Virtual Card. |
| 2025 | New Products/Services | In October, MTN Rwanda launched Ms. Baza (ask), a new artificial intelligence assistant. |
| 2025 | Contracts/Agreements | In September, the company entered into a partnership with CardCentre Nigeria Limited to launch eco-friendly SIM cards. |
Competitor Comparison
| Key Parameters | MTN Nigeria Communications Plc | Adimo Electronics Nigeria Ltd | Airtel Nigeria | Emerging Markets Telecommunication Services Ltd | Globacom Ltd |
|---|---|---|---|---|---|
| Headquarters | Nigeria | Nigeria | Nigeria | Nigeria | Nigeria |
| City | Lagos | - | Lagos | Lagos | Lagos |
| State/Province | Lagos | - | Lagos | Lagos | Lagos |
| No. of Employees | 2,001 | - | - | - | - |
| Entity Type | Public | Private | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Ernest Ndukwe | Chairman | Executive Board | - | - |
| Karl Olutokun Toriola | Chief Executive Officer; Director | Executive Board | - | - |
| Modupe Kadri | Chief Financial Officer; Director | Executive Board | - | - |
| Ayham Moussa | Chief Operating Officer | Senior Management | 2024 | - |
| Shoyinka Shodunke | Chief Information Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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