MTN Nigeria Communications Plc has appointed Ibrahim Dikko, Professor Fabian Ajogwu and three different professionals to its board of administrators, with the appointments taking impact from December 1, 2026.
The telecommunications firm disclosed this in a notification to the Nigerian Exchange Limited (NGX) and the investing public dated November 3, 2026.
Dikko and Boye Olusanya had been appointed Independent Non-Executive Directors, whereas Ajogwu, Imoni Akpofure and Lwazi Bam will function Non-Executive Directors.
The firm mentioned the brand new administrators are anticipated to deliver their expertise and experience to improve board operations and contribute to its development and future route.
Dikko and Olusanya be a part of as Independent Non-Executive Directors
Dikko brings over 30 years of expertise throughout banking, telecommunications, data and communications expertise, and regulatory advisory.
- He served as Chairman of First Securities Discount House Limited between 2002 and 2012 and was Vice President, Regulatory and Corporate Affairs at EMTS Limited (Etisalat Nigeria) from 2007 to 2017.
- He holds a Bachelor of Laws diploma from the University of Buckingham, a Master of Laws diploma from Queen Mary and Westfield College, University of London, and was known as to the Nigerian Bar. He is a Fellow of the Society of Corporate Governance Nigeria and a member of the Institute of Directors, Nigeria.
- Olusanya has over 25 years of government management expertise throughout the fast-moving client items (FMCG), agriculture, telecommunications, expertise, vitality, infrastructure and monetary providers sectors.
He presently serves as Group Chief Executive Officer of FMN Holdings Limited, the place he leads the strategic transformation of certainly one of Africa’s largest meals and agro-allied companies right into a vertically built-in, consumer-centric meals and agro-industrial platform.
His expertise additionally covers enterprise transformation, strategic development, operational turnaround, governance redesign, organisational restructuring, strategic acquisitions, route-to-market growth and regional growth.
Non-Executive Directors
Professor Fabian Ajogwu, OFR, SAN, is a Senior Advocate of Nigeria and Professor of Corporate Governance at Lagos Business School. He is an alumnus of Saïd Business School on the University of Oxford and holds a PhD in Law from the University of Aberdeen, Scotland, an MBA from IESE Business School, Barcelona, and regulation levels from the University of Nigeria and the University of Lagos.
- He is Senior Partner at KENNA LP and has practised regulation for 35 years, together with 17 years within the Inner Bar. Ajogwu assisted the Securities and Exchange Commission in drafting Nigeria’s pioneering Code of Corporate Governance and served on the Financial Reporting Council of Nigeria Committee on the National Code of Corporate Governance 2018.
- He can also be an Honorary Fellow of the Chartered Institute of Directors Nigeria and the Institute of Chartered Secretaries and Administrators of Nigeria. He based the Society for Corporate Governance Nigeria and has authored a number of books on company governance. He is a recipient of the nationwide honour of Officer of the Order of the Federal Republic (OFR).
- Imoni Akpofure brings almost three a long time of management expertise throughout finance, infrastructure and sustainability, with deep experience in Sub-Saharan Africa. Her profession consists of senior management positions on the International Finance Corporation (IFC), CDC Group, now British International Investment, and KINA Advisory, alongside in depth board and funding committee expertise.
She presently serves on the boards of Africa50 and the Development Bank of Nigeria, bringing expertise in infrastructure funding, sustainable development, governance and long-term worth creation.
Lwazi Bam joined MTN Group on June 1, 2026, as Group Chief Risk Officer. Before that, he served as Chief Executive Officer of Deloitte Africa and Deloitte Southern Africa from 2012 to 2022, overseeing the mixing and growth of Deloitte’s pan-African operations throughout a number of jurisdictions.
During his almost three a long time at Deloitte, he held a number of senior management positions and served as a member of the Deloitte Global Executive Committee, advising organisations on mergers and acquisitions, technique, governance and danger oversight.
Following his tenure at Deloitte, Bam served as a non-executive director from 2022 to 2026, together with on the boards of Standard Bank Group and Valterra Platinum. He presently serves on the boards of Woolworths Holdings Limited and ZEDA Limited.
MTN Nigeria’s monetary efficiency
Nairametrics had earlier reported that MTN Nigeria recorded a 59.4% increase in pre-tax profit to N1.80 trillion for the 9 months ended September 30, 2026, from N1.13 trillion within the corresponding interval of 2025.
The firm’s income rose by 23.6% to N4.61 trillion from N3.73 trillion, whereas revenue after tax elevated by 55.3% to N1.17 trillion from N750.19 billion. Earnings earlier than curiosity, taxes, depreciation and amortisation (EBITDA) additionally grew by 36.8% to N2.62 trillion, with its margin enhancing to 56.9% from 51.4%.
The efficiency was pushed largely by its knowledge enterprise, with knowledge income rising by 35.8% to N2.68 trillion, accounting for 58.5% of whole service income.
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