Overview & Identity

Full name: MTN Nigeria Communications PLC

Parent / Group affiliation: Part of the MTN Group, a major pan-African telecommunications conglomerate.

Incorporation / History: Incorporated in 2000; commercial operations began around 2001.

Headquarters: Lagos, Nigeria.

Main office address: MTN Plaza, No 1, Awolowo Road, Falomo, Ikoyi, Lagos.

Business & Services

MTN Nigeria provides a wide range of telecommunications and digital services, including:

Mobile network services – voice, SMS, and data

Internet, broadband, and wireless data packages

Roaming and interconnect services

Device sales, financing, and accessories

Digital and value-added services (e.g., mobile money, apps, data management)

SIM registration, subscriber management, and regulatory compliance

The company is licensed as one of the GSM network operators in Nigeria.

Strategic Position & Market Role

Importance in MTN Group: Nigeria is one of the group’s most important markets, contributing a large share of revenue.

Brand & reach: MTN is one of the largest telecom providers in Nigeria, competing with Airtel, Glo, and 9mobile.

Innovation & ambition: The company is expanding into digital solutions, fintech, and broader digital ecosystems as growth drivers.

Financials & Challenges

Employees & scale: Around 1,900 employees.

Market capitalization: Approximately USD $4.8 billion.

Regulatory history: In 2015, MTN Nigeria was fined $5.2 billion for failing to deactivate improperly registered SIMs. The fine was later reduced through settlement.

Recent performance:

Reported a significant pretax loss of over 500 billion naira in a recent year, mainly due to currency devaluation and operational costs.

The company has been renegotiating contracts, especially tower leases, and considering tariff adjustments to manage rising costs.