The Secret Behind MTN Nigeria's Dominance Under Karl Toriola
MTN Nigeria's impressive growth is a testament to Karl Toriola's strategic leadership, with a focus on investing in network infrastructure and driving digital inclusion.
MTN Nigeria
MTN Nigeria pays $429.7 million in 2025 taxes as new fiscal regime lifts corporate levies
MTN Nigeria posts a $429.7 million tax bill in 2025 under Nigeria’s new tax regime, even as profit before tax surged past $1 billion for the first time
Karl Toriola leads MTN Nigeria to record $11.2 billion market value
MTN Nigeria has surged to the top of the Nigerian Exchange as its most valuable listed firm, a milestone widely credited to CEO Karl Toriola’s strategic leadership and investor-focused growth strategy
Late Nigerian billionaire Pascal Dozie honoured as NGX celebrates his legacy
NGX and Nigeria’s business leaders honour billionaire banker Pascal Dozie, celebrating his lasting impact on the capital market, corporate governance and nation-building
Aliko Dangote’s Dangote Cement, Karl Toriola-led MTN Nigeria eye N1 trillion profit
Dangote Cement and MTN Nigeria are in a tight race to become the first Nigerian company to hit a record N1 trillion profit in 2025.
MTN Nigeria posts $518 million profit under Karl Toriola in 9M 2025
The return to profit reflects improved market conditions in Nigeria, where the naira has strengthened, inflation pressures have eased and foreign exchange liquidity has improved.
Karl Toriola-led MTN Nigeria to spend $664 million on network expansion
The commitment comes despite a difficult year that left the industry struggling with foreign exchange shortages and soaring operating costs.
Karl Toriola-led MTN Nigeria posts $658 million revenue in Q1 2025
The surge in revenue was fueled by robust demand across voice, data, fintech, and digital services, with particularly strong performance in its data and voice segments.
MTN Nigeria, led by Karl Toriola, secures $27.1 million through commercial paper issuance
The issuance is part of the company’s N250-billion ($160.56 million) commercial paper program.
MTN Nigeria raises $46.6 million from commercial paper issuance
The issuance forms part of the company’s N250-billion ($151.9 million) commercial paper program.
MTN strengthens fintech foothold in Nigeria with MoMo PSB buyout
Acquisition positions MTN for growth in Nigeria's expanding digital finance sector.
MTN Nigeria aims for $30.4-million commercial paper issuance to boost liquidity amid naira devaluation and rising costs
MTN Nigeria plans to raise $30.4 million through commercial paper issuance to strengthen liquidity amid naira devaluation and rising operational costs.
MTN Nigeria posts $311.2-million loss in Q3 2024 amid forex volatility and rising costs
MTN Nigeria Communications Plc, led by CEO Karl Toriola, reports a staggering loss of N514.9 billion ($311.2 million) for Q3 2024, marking a sharp increase in losses compared to N14.9 billion ($9 million) in the same period last year, driven by foreign exchange challenges and rising expenses.
MTN CEO Karl Toriola urges tariff hike to prevent telecom shutdown
MTN Nigeria CEO Karl Toriola has called for a tariff hike to address rising operational costs and prevent a potential service shutdown, as the telecom giant faces significant financial pressures amid Nigeria’s challenging economic environment.
MTN CEO Karl Toriola leads $50-million initiative to revolutionize education with tech-driven solutions
MTN Nigeria’s $50-million initiative, led by CEO Karl Toriola, is transforming education with cutting-edge science labs, empowering students to build a tech-driven future.
