Country
Nigeria
Sector
Technology / Telecoms
Intelligence Type
Corporate
Status / Stage
Active
Confidence
Confirmed
Latest Development
MTN Nigeria is Nigeria’s largest mobile operator (~80m subscribers) and the most valuable company on the NGX. MoMo and Y’ello Digital Financial Services restructured to MTN Group Fintech HoldCo (60% MTN Group / 40% MTN Nigeria) at April 2026 AGM. 5G rollout advancing across major cities.
Company Profile
Company TypePublic
HeadquartersLagos, Nigeria
Countries of OperationNigeria
Founded2001
Websitemtnonline.com
Parent CompanyMTN Group (South Africa, ~76%)
Key ExecutivesKarl Toriola (CEO)
Employees~3,000
Revenue~$2.5bn (2024)
Market Capitalization~$6bn (NGX August 2026)
Key Developments
MoMo PSB and Y'ello Digital restructured to MTN Group Fintech HoldCo (April 30, 2026 AGM). Nigeria remains MTN Group's largest revenue market. 5G rollout ongoing.
Key Risks
Naira depreciation reduces USD revenue. NCC regulatory risk. MoMo profitability timeline uncertain.
What Happens Next
5G expansion and MoMo banking product launches post-restructuring.
Commercial Opportunity Intelligence
Opportunity SignalNigeria's most valuable listed company — MTN Nigeria's performance is a proxy for the Nigerian digital economy.
Commercial ReadinessCommercially Active
Source & Verification Trail
Last VerifiedAugust 2026
Source(s)TechPoint Africa (April 30, 2026); MTN Nigeria AGM filings
Source DateApril–August 2026