Eyitope Kola-Oyeneyin leaves MTN Nigeria board weeks after NIPC appointment

MTN Nigeria has announced that Mrs. Eyitope Kola-Oyeneyin will leave her position as an Independent Non-Executive Director, effective August 31, 2026. She had joined the board in January 2025. MTN Nigeria expressed gratitude for her contributions during her tenure and wished her well in her future endeavors. Kola-Oyeneyin is a respected transformation and systems-change expert with over 25 years of experience in banking, management consulting, digital transformation, and public policy.

She has worked with various entities across Africa, leading growth initiatives and large-scale transformation programs. Her departure follows her recent appointment as Chairperson of the Nigerian Investment Promotion Commission (NIPC) by President Bola Tinubu. Kola-Oyeneyin will provide strategic direction to the NIPC while supporting its mandate of attracting investment into Nigeria.

MTN Nigeria's profit before tax reached a record N1.09 trillion for the first half of 2026, reflecting a 75.4% increase year-on-year. The company also recorded a 25.9% revenue increase to N2.99 trillion, despite a challenging economic environment. Its balance sheet strengthened, with shareholders' equity rising 69.6% to N930.6 billion and earnings per share increasing 70.6% to N33.76.