MTN Nigeria AGM: ₦15 Final Dividend and Structural Separation Approved

At its Annual General Meeting held on 30 April 2026, MTN Nigeria Communications Plc passed nine resolutions. Members approved a final dividend of ₦314.93bn, translating to ₦15 per ordinary share of 2 kobo, for the year ended 31 December 2025. This brings the total dividend declared for the 2025 financial year to ₦20 per share. The dividend was payable to shareholders on the register as at 8 April 2026, with payment scheduled for 5 May 2026, subject to withholding tax.

Members re-elected five directors, including Chairman Dr. Ernest Ndukwe OFR and Mr. Jens Schulte-Bockum, and authorised the board to fix the remuneration of auditors Ernst & Young for the 2026 financial year. Non-Executive Director remuneration for 2026 was fixed at ₦167,977,679 for the Chairman and ₦108,368,288 for each other Non-Executive Director, payable quarterly in arrears.

Three shareholder representatives were elected to the Statutory Audit Committee. Members also approved a general mandate for recurrent related-party transactions. Notably, a Proposed Structural Separation Transaction was approved, with the board authorised to take all steps necessary to implement it.