MTN Nigeria Communications Plc has named Ibrahim Dikko, Professor Fabian Ajogwu and three other professionals to its board of directors, with the appointments taking effect from December 1, 2026.
The telecommunications company announced this in a notification to the Nigerian Exchange Limited and the investing public, dated November 3, 2026.
Dikko and Boye Olusanya were appointed Independent Non-Executive Directors, while Ajogwu, Imoni Akpofure and Lwazi Bam will serve as Non-Executive Directors.
The company said the new directors were expected to draw on their experience and expertise to strengthen board operations and contribute to its growth and future direction.
Dikko has more than 30 years of experience spanning banking, telecommunications, information and communications technology, and regulatory advisory.
He was Chairman of First Securities Discount House Limited from 2002 to 2012, and served as Vice President, Regulatory and Corporate Affairs at EMTS Limited (Etisalat Nigeria) from 2007 to 2017.
Dikko holds a Bachelor of Laws degree from the University of Buckingham and a Master of Laws degree from Queen Mary and Westfield College, University of London, and was called to the Nigerian Bar.
He is a Fellow of the Society of Corporate Governance Nigeria and a member of the Institute of Directors, Nigeria.
Olusanya has more than 25 years of executive leadership experience across the fast-moving consumer goods (FMCG), agriculture, telecommunications, technology, energy, infrastructure and financial services sectors.
He is currently Group Chief Executive Officer of FMN Holdings Limited, where he is leading the strategic transformation of one of Africa’s largest food and agro-allied businesses into a vertically integrated, consumer-centric food and agro-industrial platform.
His experience also covers enterprise transformation, strategic growth, operational turnaround, governance redesign, organisational restructuring, strategic acquisitions, route-to-market development and regional expansion.
Professor Fabian Ajogwu, OFR, SAN, is a Senior Advocate of Nigeria and Professor of Corporate Governance at Lagos Business School.
He is an alumnus of Saïd Business School at the University of Oxford, and holds a PhD in Law from the University of Aberdeen, Scotland, an MBA from IESE Business School, Barcelona, and law degrees from the University of Nigeria and the University of Lagos.
Ajogwu is Senior Partner at KENNA LP and has practised law for 35 years, including 17 years in the Inner Bar.
He assisted the Securities and Exchange Commission in drafting Nigeria’s pioneering Code of Corporate Governance, and served on the Financial Reporting Council of Nigeria Committee on the National Code of Corporate Governance 2018.
He is also an Honorary Fellow of the Chartered Institute of Directors Nigeria and the Institute of Chartered Secretaries and Administrators of Nigeria.
Ajogwu founded the Society for Corporate Governance Nigeria and has written several books on corporate governance.
He is a recipient of the national honour of Officer of the Order of the Federal Republic (OFR).
Imoni Akpofure brings nearly three decades of leadership experience across finance, infrastructure and sustainability, with deep expertise in Sub-Saharan Africa.
Her career includes senior leadership roles at the International Finance Corporation (IFC), CDC Group, now British International Investment, and KINA Advisory, alongside extensive board and investment committee experience.
She currently sits on the boards of Africa50 and the Development Bank of Nigeria, contributing experience in infrastructure investment, sustainable growth, governance and long-term value creation.
Lwazi Bam joined MTN Group on June 1, 2026, as Group Chief Risk Officer.
Before then, he was Chief Executive Officer of Deloitte Africa and Deloitte Southern Africa from 2012 to 2022, overseeing the integration and expansion of Deloitte’s pan-African operations across several jurisdictions.
In his nearly three decades at Deloitte, he held several senior leadership positions and was a member of the Deloitte Global Executive Committee, advising organisations on mergers and acquisitions, strategy, governance and risk oversight.
After leaving Deloitte, Bam served as a non-executive director from 2022 to 2026, including on the boards of Standard Bank Group and Valterra Platinum.
He currently sits on the boards of Woolworths Holdings Limited and ZEDA Limited.
On the company’s financial performance, MTN Nigeria recorded a 59.4 per cent increase in pre-tax profit to ₦1.80 trillion for the nine months ended September 30, 2026, up from ₦1.13 trillion in the corresponding period of 2025.
Its revenue grew by 23.6 per cent to ₦4.61 trillion from ₦3.73 trillion.
Profit after tax rose by 55.3 per cent to ₦1.17 trillion from ₦750.19 billion.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) also increased by 36.8 per cent to ₦2.62 trillion, with the margin improving to 56.9 per cent from 51.4 per cent.
The performance was driven largely by the data business, with data revenue growing by 35.8 per cent to ₦2.68 trillion, accounting for 58.5 per cent of total service revenue.
