Telecom
5 Types of People to Expect at MTN’s Annual General Meeting

Annual General Meeting (AGM) of MTN Nigeria is scheduled to hold on the 18th of April at The Balmoral Convention Centre, Federal Palace Hotel. MTN’s shareholders will potentially get a dividends payout of 203.5 billion as their share of profits from the financial year 2022.

This is coming after qualified shareholders from the public offer also got incentive shares as promised during the public offer.
MTN Nigeria’s Chief Executive Officer, Karl Olutokun Toriola noted, “In 2022, we significantly increased our shareholder base through the MTN Group’s offer for sale of shares. The offer, which concluded on 31 January 2022, was the first in the series of transactions to increase Nigerian ownership of the company.
The qualified investors who held some or all the shares allotted to them for 12 months to 31 January 2023 have received the incentive shares totaling 3,977,418.”
For some, it’s a time to catch up on important business matters and network with fellow shareholders. For others, it’s a chance to grab some free refreshments and a comfy chair. Whatever your reason for attending, one thing is for sure: you’re bound to run into these five types of people.
- The “I Know Everything” Person
This person has read every report, every memo, and every email related to the AGM. They know every detail about the company and can recite the entire annual report from memory. They raise their hand for every question and offer lengthy, convoluted opinions on every matter. They’re convinced that their ideas are the best, even if they’re completely impractical.
- The “I Have a Complaint” Person
This person is here to air their grievances. They’ve been waiting all year for this moment to tell everyone about the problems they’ve encountered with the company. They don’t have any solutions or suggestions; they just want to complain. They’re usually the first to raise their hand for questions and the last to leave the room.
- The “I’m Here to Network” Person
This person is the ultimate networker. They know everyone in the room and they’re determined to meet everyone they don’t know yet. They’re handing out business cards left and right and making small talk with anyone who will listen. They’re not particularly interested in the AGM itself; they’re just using it as an excuse to make some new connections.
- The “I’m Too Important to Be Here” Person
This person walks in late, sits in the back, and spends the entire meeting scrolling through their phone. When it’s time for questions, they stand up, ask something completely unrelated to the agenda, and then leave without waiting for an answer. They’re usually high up in their company, but they have no interest in what’s going on at the AGM. They’re just there to make an appearance and then go back to their busy schedule.
- The “I’m Here for the Free Food” Person
This person doesn’t care about the agenda, the reports, or the speakers. They’re just here for the free coffee and snacks. They load up their plate with pastries and fruit and then sit back to enjoy the show. They’re not interested in contributing to the conversation; they’re just happy to have a reason to leave their desk for a while.
Look out for these people at the AGM and if you see any of them, ask them why they bought MTN shares if they won’t be paying any attention.
And there are proud shareholders like us who will not attend the AGM but glued to our phones on April 20th when the alert for dividends payout will start rolling in. That’s how you roll when you invest in a profitable company like MTN.
Telecom
New Investment Fund Targets Acceleration of Emerging Technology in Nigeria

The International Rescue Committee (IRC) has announced the formation of Airbel Ventures, a new humanitarian impact investing fund aimed at accelerating the introduction and scaling of breakthrough technologies in crisis-affected communities.

The fund will invest in companies whose ideas have the potential to change humanitarian response, including digital infrastructure for frontline health systems and climate-resilient agriculture.
The launch of Airbel Ventures follows a period of rapid innovation at the IRC, despite the humanitarian sector facing record funding cuts.
In the past year, the IRC’s Airbel Impact Lab has advanced more than twenty Artificial Intelligence (AI) and technology initiatives—from anticipatory action tools powered by climate and vulnerability data, to frontline service delivery using safe, orchestrated AI systems, to breakthrough diagnostic tools for emerging diseases.
Airbel Ventures’ first impact investment is in Signalytic, a company delivering solar-powered computing devices that ensure reliable electricity and connectivity for remote health facilities.
Following the investment, the IRC will pilot Signalytic’s technology with its Nigeria Health team, demonstrating the viability of next-generation digital infrastructure in humanitarian settings.
“We know breakthrough solutions already exist—what’s missing is the path to scale in humanitarian contexts,” said Dr. Jeannie Annan, Senior Vice President for Research & Innovation at the IRC and head of the Airbel Impact Lab.
Telecom
MTN Nigeria Suffers 9,218 Fibre Cuts in 2025 as Vandalism, Theft Cripple Network

MTN Nigeria, the country’s largest telecommunications operator, recorded a historic surge in network disruptions in 2025, suffering 9,218 fibre cuts as of December 31, alongside 211 base station sites affected by theft and vandalism, incidents that disrupted mobile and data services relied upon daily by millions of Nigerians.

The data was revealed by Dr Karl Toriola, chief executive officer/managing director, MTN Nigeria via a social media post titled ‘MTN Nigeria 2025 Wrapped’.
The scale of the damage highlights the growing vulnerability of Nigeria’s telecommunications infrastructure, which has come under increasing pressure from road construction activities, cable theft and deliberate acts of vandalism.
MTN said 5,478 fibre cuts occurred within just the first seven months of 2025, with 760 incidents recorded in July alone, underscoring the intensity of the challenge.
Some of the incidents had wide-ranging consequences, knocking out connectivity across multiple states simultaneously and affecting voice calls, data services, digital payments and enterprise operations.
The company described the situation as a national infrastructure problem, rather than an isolated corporate issue, given the economy’s deep dependence on mobile networks.
“These gaps were shaped by real operational challenges such as fibre cuts, theft, and vandalism. Their impact is felt directly by customers and reflected in what they tell us,” Toriola,
The disruptions were reflected in customer feedback volumes, as MTN handled an unprecedented number of complaints during the year. The operator said it resolved 1,624,263 customer complaints in 2025, spanning call centres, social media platforms, emails and physical service centres nationwide.
Despite the setbacks, MTN pointed to signs of operational resilience. The company retained its ranking as Nigeria’s best network by Ookla, returned to profitability after a challenging period, declared an interim dividend, and expanded its subscriber base to over 85 million users by September 2025.
The figures show that while Nigeria’s telecom operators continue to invest heavily in network expansion and customer service, infrastructure sabotage remains a major drag on service quality and operating costs.
MTN acknowledged that performance improvements remain a work in progress. “We are not where we want to be yet. We see you. We hear you. We exist because of you. And we will get better,” Toriola said.
As the company enters its 25th year of operations in Nigeria, Toriola said MTN is doubling down on customer-centricity, treating every piece of feedback as a guide for improvement, while also stepping up engagement with government agencies.
The CEO renewed calls for stronger regulatory and legal protections for telecommunications infrastructure, urging policymakers to classify fibre cables, base stations and other critical assets as national infrastructure and criminalise vandalism to deter repeat attacks.
Telecom
NCC Licences Six New ISPs to Challenge Telcos, Satellite Giants

Nigerian Communications Commission (NCC) has granted operating licences to six new Internet Service Providers (ISPs), effective January 1, 2026, raising the total number of authorised ISPs in the country to 231 from 225 recorded in December 2025.

NCC
The newly licensed firms are Intellvision Technologies Limited, Granet Technologies Limited, Fiber Sonic Limited, Dasol Solution Services Ltd, Boost ISP Limited, and Amazon Kuiper Nigeria Limited.
Five of these companies are headquartered in Lagos, while Granet Technologies Limited operates from Owerri in Imo State, highlighting the persistent concentration of broadband infrastructure in major commercial hubs like Lagos, Abuja, and Port Harcourt.
This development intensifies competition in Nigeria’s broadband market, which faces pressure from dominant mobile network operators such as MTN and Airtel, alongside rapid expansion by satellite providers like Starlink.
Traditional ISPs continue to grapple with shrinking customer bases, aggressive data pricing from telcos, and satellite disruptions, even as NCC data from Q2 2025 showed Spectranet, Starlink, and FibreOne controlling about 65 per cent of the 313,713 active ISP subscribers.
The inclusion of Amazon Kuiper Nigeria Limited marks a significant entry of global satellite broadband competition, building on Nigeria’s recent approvals for other low Earth orbit providers to enhance connectivity in underserved areas.
Industry analysts view the licences as a strategic push to improve internet quality amid rising demand for digital services, though geographic clustering underscores ongoing infrastructure challenges outside urban centres.
NCC’s move aligns with broader efforts to foster a competitive telecoms sector critical to Nigeria’s digital economy ambitions.
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