About
CEO of MTN Nigeria, overseeing the company's strategic direction and operations.
News published about Karl Toriola

MTN Nigeria posts β¦414 billion profit in H1β25 on increased data growth, stable FX
Bendada.com - Jul 31, 2025
MTN Nigeria achieved a half-year profit of β¦414 billion in 2025. The company's revenue grew 54.5% to β¦2.3 trillion in the first half of 2025.

Joy is coming for MTN shareholders
Bendada.com - May 02, 2025
MTN Nigeria incurred negative shareholder equity of β¦324.6 billion, stalling dividend payments. The company reported net forex losses of β¦740.4 billion in 2023 and β¦925.4 billion in 2024.

MTN Nigeria returns to the black with β¦133.7 billion Q1 profit, first since 2023
Bendada.com - Apr 30, 2025
MTN Nigeria returned to profitability with a profit of β¦133.7 billion in Q1 2025. The telecom firm added 3.2 million new subscribers, bringing the total to 84 million.

MTN Nigeria 2024 losses widen to β¦400 billion in two years
Bendada.com - Feb 28, 2025
MTN Nigeria reported a β¦400.44 billion loss after tax for the full year of 2024. The company experienced a 70% currency plunge following President Bola Ahmed Tinubuβs election.
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