MTN Nigeria Communications Plc disclosed on 3 November 2026 that five individuals will join its board of directors from 1 December 2026. The appointees – Ibrahim Dikko, Boye Olusanya, Professor Fabian Ajogwu, Imoni Akpofure and Lwazi Bam – are expected to enhance board oversight and support the company’s growth agenda.
Key facts
- The notification was filed with the Nigerian Exchange Limited and made public to investors.
- Dikko and Olusanya will serve as Independent Non‑Executive Directors, while Ajogwu, Akpofure and Bam will be Non‑Executive Directors.
- MTN Nigeria reported a 59.4% rise in pre‑tax profit to N1.80 trillion for the nine months ended 30 September 2026, with revenue up 23.6% to N4.61 trillion.
- A company statement said, "The appointments would strengthen the board’s operations by bringing additional experience and expertise to support the company’s growth and future strategic direction."
Who are the newly appointed directors?
Ibrahim Dikko arrives with more than three decades of experience across banking, telecommunications, ICT and regulatory advisory. He previously chaired First Securities Discount House Limited (2002‑2012) and was Vice President of Regulatory and Corporate Affairs at EMTS Limited, formerly Etisalat Nigeria (2007‑2017). Dikko holds a LL.B from the University of Buckingham, an LL.M from Queen Mary University of London and is called to the Nigerian Bar.
Boye Olusanya, a veteran executive with over 25 years of leadership across FMCG, agriculture, telecoms, technology, energy, infrastructure and financial services, is currently Group CEO of FMN Holdings Limited. He is steering FMN’s transformation into a vertically integrated, consumer‑focused food and agro‑industrial platform.
Professor Fabian Ajogwu is a Senior Advocate of Nigeria and a professor of Corporate Governance at Lagos Business School. He also heads KENNA LP as Senior Partner. Ajogwu earned a PhD in Law from the University of Aberdeen, an MBA from IESE Business School, and law degrees from the University of Nigeria and the University of Lagos. He has helped draft Nigeria’s Code of Corporate Governance for the Securities and Exchange Commission and served on the Financial Reporting Council of Nigeria’s 2018 governance committee.
Imoni Akpofure brings nearly thirty years of finance, infrastructure and sustainability expertise focused on Sub‑Saharan Africa. Her career includes senior roles at the International Finance Corporation, CDC Group (now British International Investment) and KINA Advisory. She currently sits on the boards of Africa50 and the Development Bank of Nigeria.
Lwazi Bam joined the MTN Group on 1 June 2026 as Group Chief Risk Officer after a decade as CEO of Deloitte Africa and Deloitte Southern Africa (2012‑2022). He has held multiple senior positions on the Deloitte Global Executive Committee and served on the boards of Standard Bank Group and Valterra Platinum. Bam also chairs the boards of Woolworths Holdings Limited and ZEDA Limited.
What roles will they assume?
Dikko and Olusanya will act as Independent Non‑Executive Directors, providing unbiased oversight. Ajogwu, Akpofure and Bam will serve as Non‑Executive Directors, contributing sector‑specific insight and governance experience.
How has MTN Nigeria performed financially?
For the nine‑month period ending 30 September 2026, MTN Nigeria posted a pre‑tax profit of N1.80 trillion, up 59.4% from N1.13 trillion a year earlier. Revenue climbed 23.6% to N4.61 trillion, while profit after tax rose 55.3% to N1.17 trillion. EBITDA increased 36.8% to N2.62 trillion, with the margin improving to 56.9% from 51.4%. The data segment was a major driver, delivering a 35.8% revenue jump to N2.68 trillion, representing 58.5% of total service revenue.
These board changes come as MTN Nigeria continues to record robust growth, positioning the telecoms giant for further expansion in the Nigerian market.