MTN Nigeria Resumes Dividend Payments in 2022, Marks Major Comeback
MTN Nigeria Plc, the largest telecommunications company in Africa's most populous nation, will pay an interim dividend of N5 per 2 kobo ordinary share in 2022, amounting to approximately N104.95 billion to shareholders. This move marks a major shift as the company had suspended dividends in 2023 due to challenges like foreign exchange losses and currency devaluation.
Under the leadership of Karl Toriola, the company has seen a remarkable turnaround, with a net profit of N750.2 billion in the first nine months of 2025, representing a significant rebound from previous losses. The company's performance has been driven by robust data growth, fintech expansion, and macroeconomic stability.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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