MTN Nigeria Communications PLC

NGSE:MTNN Stock Report

Market Cap: ₦9.6t

MTN Nigeria Communications Management

Management criteria checks 2/4

MTN Nigeria Communications' CEO is Karl Toriola, appointed in Mar 2021, has a tenure of 4.42 years. directly owns 0.019% of the company’s shares, worth NGN1.88B. The average tenure of the management team and the board of directors is 2.2 years and 5.9 years respectively.

Key information

Karl Toriola

Chief executive officer

n/a

Total compensation

CEO salary percentagen/a
CEO tenure4.4yrs
CEO ownership0.02%
Management average tenure2.2yrs
Board average tenure5.9yrs

Recent management updates

Recent updates

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MTN Nigeria Communications is set for a 30% CAGR revenue surge over 10 years

A 35% increase in active subscribers, rising from 68.5 million in 2019 to 92.7 million in 2023.
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Reports N400.44 Billion Loss After Tax for FY 2024 - need to focus on real problem rather than moving their Headquarter to Eko Atlantic

MTN Nigeria has announced a loss after tax of N400.44 billion for the year ended December 31, 2024, driven by significant foreign exchange losses resulting from the devaluation of the naira.Key Point:

CEO

Karl Toriola (53 yo)

4.4yrs
Tenure

Mr. Karl Olutokun Toriola serves as Chief Executive Officer of MTN Nigeria Communications PLC since March 01, 2021. He is a Non- Executive Director of UAC of Nigeria PLC since January 1, 2020. He has been...

Leadership Team

NamePositionTenureCompensationOwnership
Karl Toriola
Executive Director & CEO4.4yrsno data0.019%
NGN 1.9b
Modupe Kadri
CFO & Executive Director5.4yrsno data0.0055%
NGN 530.5m
Ayham Moussa
Chief Operating Officer1yrno datano data
Yahaya Ibrahim
Chief Technical Officerless than a yearno datano data
Shoyinka Shodunke
Chief Information officerno datano datano data
Oby Ugboma
Chief Risk & Compliance Officer2.8yrsno datano data
Sina Adegoke
Chief Sales & Distribution Officerno datano datano data
Onyinye Emeka
Chief Marketing Officerless than a yearno datano data
Esther Akinnukawe
Chief Human Resources Officerno datano datano data
Tobechukwu Okigbo
Chief Corporate Services & Sustainability Officer1.6yrsno datano data
Lynda Saint-Nwafor
Chief Enterprise Business Officer9.6yrsno datano data
Ugonwa Nwoye
Chief Customer Relations & Experience Officerno datano datano data
2.2yrs
Average Tenure

Experienced Management: MTNN's management team is considered experienced (2.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Karl Toriola
Executive Director & CEOno datano data0.019%
NGN 1.9b
Modupe Kadri
CFO & Executive Director5.4yrsno data0.0055%
NGN 530.5m
Ralph Mupita
Non-Executive Director8.3yrsno datano data
Michael Ajukwu
Independent Non-Executive Director5.9yrsno datano data
Jens Schulte-Bockum
Non-Executive Director8.3yrsno datano data
Andrew A. Alli
Non-Executive Director5.9yrsno data0.00044%
NGN 42.4m
Omobola Johnson
Non-Executive Director5.9yrsno data0.0011%
NGN 103.2m
Ernest Ndukwe
Chairman7.2yrsno data0.00077%
NGN 74.3m
Ifueko M. Okauru
Non-Executive Director5.9yrsno datano data
Ferdinand Moolman
Non-Executive Directorno datano datano data
Muhammad Ahmad
Independent Non-Executive Director5.9yrsno datano data
Abubakar Mahmoud
Non-Executive Director5.9yrsno datano data
5.9yrs
Average Tenure
60.5yo
Average Age

Experienced Board: MTNN's board of directors are considered experienced (5.9 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/08 12:56
End of Day Share Price 2025/08/08 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

MTN Nigeria Communications PLC is covered by 9 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Linet MuriungiAbsa Bank Limited
null nullARM Research
Opeoluwa OluwaCordros Capital Ltd.