MTN Nigeria has announced that Mrs. Eyitope Kola-Oyeneyin will step down from its Board of Directors, ending her tenure as an Independent Non-Executive Director. The post Eyitope Kola-Oyeneyin leaves MTN Nigeria board weeks after NIPC appointment appeared first on Nairametrics .
MTN Nigeria has announced that Mrs. Eyitope Kola-Oyeneyin will step down from its Board of Directors, ending her tenure as an Independent Non-Executive Director.
The development was disclosed in a regulatory filing submitted to the Nigerian Exchange (NGX) on August 28, 2026, and signed by the company’s Secretary, Uto Ukpanah.
Kola-Oyeneyin joined MTN Nigeria board in January 2025.
According to the notice, Kola-Oyeneyin’s resignation will take effect on August 31, 2026.
In the filing, MTN Nigeria expressed appreciation for her contributions to the company during her time on the board and wishes her the best in her future endeavours.
Kola-Oyeneyin is widely regarded as a transformation and systems-change expert with more than 25 years of experience spanning banking, management consulting, digital transformation and public policy.
She has worked with governments, regulators, investors and private-sector institutions across Africa, leading growth initiatives and large-scale transformation programmes.
As Managing Partner of Augmentum Advisory, she advises senior executives and institutions on digital transformation, policy innovation, growth strategy and value creation.
Kola-Oyeneyin’s departure comes weeks after President Bola Tinubu appointed her as Chairperson of the Nigerian Investment Promotion Commission (NIPC).
The ministry noted that Kola-Oyeneyin would provide strategic direction to the NIPC while supporting the agency’s mandate of attracting and facilitating investment into Nigeria.
Her exit comes as MTN Nigeria hit record N1.09 trillion profit before tax for the first half of 2026, representing a 75.4% year-on-year increase,
This marks its highest half-year performance, driven by strong data demand, improved operating efficiency and lower borrowing levels.
The telecommunications giant also recorded a 25.9% increase in its revenue to N2.99 trillion despite a challenging macroeconomic environment, according to its unaudited financial statements for the six months ended June 30, 2026.
The company’s balance sheet also strengthened during the period, with shareholders’ equity rising 69.6% to N930.6 billion, while earnings per share increased 70.6% to N33.76.
