MTN Nigeria's Dividend Comeback Boosts Investor Confidence Amidst Financial Turnaround
MTN Nigeria's announcement of a N5 interim dividend payout signals a major comeback after facing financial challenges. The telecom giant's CEO, Karl Toriola, highlighted the company's positive financial position with a liquid asset of N93 billion and retained earnings of N142 billion.
The declaration of the dividend comes after MTN Nigeria reported a tax profit of N750.2 billion for the nine months ending September 30, 2025, marking one of the strongest corporate turnarounds in the Nigerian telecom industry. The company's share price also reached a historic high, reflecting strong financial performance and investor confidence.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
Read full article
Continue on Business Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories
MTN Nigeria Resumes Dividend Payments in 2022, Marks Major Comeback
MTN Nigeria PLC Declares N5 Interim Dividend Amidst Profit Growth
MTN Nigeria's Share Price Hits Record N515 on NGX, Analysts Bullish on Future Growth
MTN Nigeria Invests Over N757bn to Enhance Network Quality
MTN Nigeria Market Cap Hits 10.8 Trillion on NGX Amid Strong Financial Performance
MTN Group Hits 300m Subscribers in Q3, Revenue Surges 25.9%
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.
