MTN Group declares big dividend and advances full takeover of IHS Towers

MTN Nigeria Communications Plc announced an interim dividend of N26 per share, one of the largest payouts scheduled for August. The qualification date is set for 20 August 2026, with payment due on 7 September 2026. The dividend follows a strong financial turnaround, with revenue rising to N5.20 trillion and profit after tax reaching N1.11 trillion for the 2025 fiscal year, reversing a loss recorded in 2024.

MTN Group, which holds about 24.7% of IHS Towers, received shareholder approval at an extraordinary general meeting on 4 August to acquire the remaining shares of the tower operator. The approval moves the deal toward full ownership, supporting MTN’s Ambition 2030 strategy to expand digital‑infrastructure and diversify revenue across Africa. Ralph Mupita, MTN Group CEO, said the vote is an important step toward completing the transaction, which will strengthen MTN’s position as it serves more than 300 million subscribers on the continent.