MTN Nigeria Communications Plc has appointed five new directors to its board as part of efforts to strengthen corporate governance, enhance leadership expertise and support the company’s strategic growth.

The appointments, which take effect from December 1, 2026, were disclosed in a notification submitted to the Nigerian Exchange Limited (NGX) and the investing public on November 3, 2026.

The newly appointed directors are Ibrahim Dikko, Boye Olusanya, Professor Fabian Ajogwu, Imoni Akpofure and Lwazi Bam.

According to the company, Dikko and Olusanya will serve as Independent Non-Executive Directors, while Ajogwu, Akpofure and Bam will join as Non-Executive Directors.

MTN Nigeria said the appointments would bring additional professional experience and expertise to enhance board operations and contribute to the company’s growth and future direction.

Dikko, Olusanya bring extensive corporate experience

Ibrahim Dikko brings more than 30 years of experience across banking, telecommunications, information and communications technology, and regulatory advisory.

He previously served as Chairman of First Securities Discount House Limited between 2002 and 2012. He also held the position of Vice President, Regulatory and Corporate Affairs at EMTS Limited, formerly Etisalat Nigeria, from 2007 to 2017.

Boye Olusanya, who currently serves as Group Chief Executive Officer of FMN Holdings Limited, has more than 25 years of executive leadership experience across several sectors, including agriculture, telecommunications, technology, energy and financial services.

Ajogwu, Akpofure and Bam join as non-executive directors

Professor Fabian Ajogwu is a Senior Advocate of Nigeria (SAN) and Professor of Corporate Governance at Lagos Business School. He is also the Senior Partner at KENNA LP, with 35 years of legal practice experience.

He has contributed to corporate governance reforms in Nigeria, including assisting the Securities and Exchange Commission in drafting the country’s pioneering Code of Corporate Governance.

Imoni Akpofure brings nearly three decades of leadership experience in finance, infrastructure and sustainability, with previous senior positions at the International Finance Corporation, CDC Group, now British International Investment, and KINA Advisory.

She currently serves on the boards of Africa50 and the Development Bank of Nigeria.

Lwazi Bam, who joined MTN Group as Group Chief Risk Officer on June 1, 2026, previously served as Chief Executive Officer of Deloitte Africa and Deloitte Southern Africa between 2012 and 2022.

During his nearly three decades at Deloitte, he held several senior leadership positions and served on the company’s Global Executive Committee.

MTN Nigeria records improved financial performance

The board appointments come as MTN Nigeria continues to record growth in its financial performance.

For the nine months ended September 30, 2026, the telecommunications company reported a 59.4 per cent increase in profit before tax to ₦1.80 trillion, compared with ₦1.13 trillion recorded in the corresponding period of 2025.

Revenue also increased by 23.6 per cent to ₦4.61 trillion, up from ₦3.73 trillion, while profit after tax rose by 55.3 per cent to ₦1.17 trillion.

The company’s earnings before interest, taxes, depreciation and amortisation (EBITDA) grew by 36.8 per cent to ₦2.62 trillion.

Its data business remained a major contributor to growth, recording a 35.8 per cent increase in revenue to ₦2.68 trillion.

The new appointments are expected to strengthen the company’s board oversight, governance and strategic direction as it continues to expand its operations and position itself for long-term growth in Nigeria’s telecommunications industry