Home / Companies / MTN Nigeria Communications Plc
MTN Nigeria Communications Plc
Jurisdiction: NigeriaRegistry ID: RC 395010Entity ID: ent_mtn-nigeria_1
status: activeas of 31 Oct 2026reviewed 31 Oct 2026draft
Identity
Trading names: MTN Nigeria
Incorporated: 2000
Sector: Telecommunications, Mobile money
Chairman: Dr. Ernest Ndukwe, OFR B MTN Nigeria Communications Plc, MTN Nigeria Annual Report 2024 (1 Apr 2025) · retrieved 31 Oct 2026
Chief Executive Officer: Dr. Karl Olutokun Toriola B MTN Nigeria Communications Plc, MTN Nigeria Annual Report 2024 (1 Apr 2025) · retrieved 31 Oct 2026
exchange_listing: Nigerian Exchange Ltd — Premium Board A MTN Nigeria Communications Plc (via Nigerian Exchange Ltd), MTN Nigeria Plc — Listing Memorandum (15 May 2019) · retrieved 31 Oct 2026
Operations
Countries: Nigeria
Services: Mobile telecommunications (GSM/3G/4G/LTE), Data services, Mobile money / payment service bank (MoMo PSB)
Public-sector counterparties: Nigerian Communications Commission (NCC), Central Bank of Nigeria (MoMo Payment Service Bank)
Attributed claim · as of 31 Oct 2026
MTN Nigeria reported a record 80.9 million mobile subscribers in 2024 and operates a CBN-licensed MoMo Payment Service Bank alongside its NCC-licensed telecommunications business. — MTN Nigeria Communications Plc (2024 Annual Report)
B MTN Nigeria Communications Plc, MTN Nigeria Annual Report 2024 (1 Apr 2025) · retrieved 31 Oct 2026
Assessment
What is confirmed, what is attributed, what is disputed and what remains open — kept separate by design.
Confirmed fact · as of 31 Oct 2026
MTN Nigeria Communications Plc (RC 395010) is incorporated in Nigeria (2000), has its registered office at 4 Aromire Road, Off Alfred Rewane, Ikoyi, Lagos, and is listed on the Premium Board of the Nigerian Exchange; it is a distinct legal entity from its parent MTN Group Limited.
A MTN Nigeria Communications Plc (via FMDQ Securities Exchange disclosure), Audited consolidated and separate financial statements for the year ended 31 December 2024 (27 Feb 2025) · retrieved 31 Oct 2026 · A MTN Nigeria Communications Plc (via Nigerian Exchange Ltd), MTN Nigeria Plc — Listing Memorandum (15 May 2019) · retrieved 31 Oct 2026
Confirmed fact · as of 31 Oct 2026
For the year ended 31 December 2024 MTN Nigeria's audited group accounts reported revenue of N3,358,461 million, a loss for the year of N400,435 million and total assets of N4,196,991 million; the auditor was Ernst & Young (partner Funmi Ogunlowo).
A MTN Nigeria Communications Plc (via FMDQ Securities Exchange disclosure), Audited consolidated and separate financial statements for the year ended 31 December 2024 (27 Feb 2025) · retrieved 31 Oct 2026
Confirmed fact · as of 31 Oct 2026
MTN Nigeria holds an NCC Unified Access Service Licence (granted September 2006) and operates within the Nigerian Communications Commission's licensing regime for the telecommunications sector.
A MTN Nigeria Communications Plc (via Nigerian Exchange Ltd), MTN Nigeria Plc — Listing Memorandum (15 May 2019) · retrieved 31 Oct 2026 · A Nigerian Communications Commission (NCC), Nigerian Communications Commission — official website (regulatory mandate; operator references) (31 Oct 2026) · retrieved 31 Oct 2026
Attributed claim · as of 31 Oct 2026
MTN Nigeria reported 80.9 million mobile subscribers in 2024 and states it operates a CBN-approved MoMo Payment Service Bank in commercial operation; chairman Dr. Ernest Ndukwe, OFR and CEO Dr. Karl Olutokun Toriola. — MTN Nigeria Communications Plc (2024 Annual Report)
B MTN Nigeria Communications Plc, MTN Nigeria Annual Report 2024 (1 Apr 2025) · retrieved 31 Oct 2026
Attributed claim · as of 31 Oct 2026
The NCC renewed MTN Nigeria's Unified Access Service Licence and 900/1800 MHz spectrum for ten years to 31 August 2031 for fees of about N7.16 billion (spectrum) and N374.6 million (UASL). — Nairametrics, 8 September 2021
C Nairametrics (Chidi Emenike), NCC renews MTN Nigeria operating licence for another 10 years (8 Sep 2021) · retrieved 31 Oct 2026
Unanswered question · as of 31 Oct 2026
The NCC's online register of licensees could not be retrieved directly in this review (the register pages returned errors), so MTN Nigeria's current licence reference numbers were confirmed from the listing memorandum and annual report rather than from the live NCC register.
A Nigerian Communications Commission (NCC), Nigerian Communications Commission — official website (regulatory mandate; operator references) (31 Oct 2026) · retrieved 31 Oct 2026
Evidence library
Full evidence library → — primary records first.
filing · 27 Feb 2025
MTN Nigeria Communications Plc audited consolidated and separate financial statements for the year ended 31 December 2024 (approved 27 February 2025): registered company number 395010; registered office 4 Aromire Road, Off Alfred Rewane, Ikoyi, Lagos; principal place of business MTN Plaza, Falomo, Ikoyi, Lagos; auditor Ernst & Young (partner Funmi Ogunlowo); Group revenue N3,358,461 million, loss for the year N400,435 million and total assets N4,196,991 million.
A MTN Nigeria Communications Plc (via FMDQ Securities Exchange disclosure), Audited consolidated and separate financial statements for the year ended 31 December 2024 (27 Feb 2025) · retrieved 31 Oct 2026
Relevance: Primary audited filing establishing legal identity, registration number, auditor and FY2024 figures.
filing · 15 May 2019
MTN Nigeria Plc Listing Memorandum (dated 15 May 2019) for listing by introduction on the Premium Board of the (then) Nigerian Stock Exchange: RC 395010, incorporated 2000, 20,354,513,050 ordinary shares of N0.02 each at N90 per share, head office MTN Plaza, Falomo, Ikoyi, Lagos, with an NCC Unified Access Service Licence granted September 2006 and listed spectrum holdings (700/800/900/1800/2100/2600/3500 MHz).
A MTN Nigeria Communications Plc (via Nigerian Exchange Ltd), MTN Nigeria Plc — Listing Memorandum (15 May 2019) · retrieved 31 Oct 2026
Relevance: Primary exchange listing record establishing listed identity, share capital and the NCC licence basis.
company statement · 1 Apr 2025
MTN Nigeria Communications Plc 2024 Annual Report: registered company number 395010, listed on the NGX Premium Board, Unified Licence and multiple spectrum bands, a CBN-approved MoMo Payment Service Bank in commercial operation, 80.9 million mobile subscribers in 2024, chairman Dr. Ernest Ndukwe, OFR and CEO Dr. Karl Olutokun Toriola.
B MTN Nigeria Communications Plc, MTN Nigeria Annual Report 2024 (1 Apr 2025) · retrieved 31 Oct 2026
Relevance: Company source for leadership, licences, mobile-money status and subscriber scale.
regulatory notice · 31 Oct 2026
The Nigerian Communications Commission (NCC) describes its mandate to license operators, approve tariffs and set equipment standards for Nigeria's telecommunications sector, and references MTN among operators (e.g. in its live network-incident reporting).
A Nigerian Communications Commission (NCC), Nigerian Communications Commission — official website (regulatory mandate; operator references) (31 Oct 2026) · retrieved 31 Oct 2026
Relevance: Primary telecom-regulator record establishing the licensing regime under which MTN Nigeria operates.
reporting · 8 Sep 2021
Nairametrics reported (8 September 2021) that the NCC renewed MTN Nigeria's Unified Access Service Licence and 900/1800 MHz spectrum for ten years to 31 August 2031, for fees of about N7.16 billion (spectrum) and N374.6 million (UASL).
C Nairametrics (Chidi Emenike), NCC renews MTN Nigeria operating licence for another 10 years (8 Sep 2021) · retrieved 31 Oct 2026
Relevance: Independent reporting on licence-renewal terms; attributed, not treated as confirmed fact.
Claim reviews
Is MTN Nigeria Communications Plc a separate legal entity from MTN Group, and is it listed in Nigeria?
Confidence: high
Limitations. This dossier indexes public records; it does not adjudicate disputes, certify standards or screen sanctions. Absence of a record is not proof of absence. See methodology and corrections & response.