{
  "id": 1936687,
  "title": "Nigeria to earn $41 million from MTN’s $406 million dividend payout",
  "url": "https://urgent.news/2026/08/19/nigeria-to-earn-41-million-from-mtns-406-million-dividend-payout",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-19T12:55:43.000Z",
  "source": {
    "name": "TechCabal",
    "slug": "techcabal",
    "url": "https://techcabal.com/2026/08/19/nigeria-to-earn-41-million-from-mtns-406-million-dividend-payout/"
  },
  "original_language": "en",
  "account": "The Nigerian government is set to receive a significant portion of MTN Nigeria’s ₦545.89 billion ($406.37 million) dividend payout on September 7. On July 30, the company’s board approved an interim dividend of ₦26 ($0.019) per share, payable to shareholders listed as of August 20, 2026. With 20.99 billion shares outstanding, the dividend will distribute around ₦545.9 billion ($406.37 million) to investors before taxes. However, dividends in Nigeria are subject to a 10% withholding tax, leaving ₦54.59 billion ($40.64 million) for the government before shareholders receive their share. This tax windfall amounts to 0.13% of the government’s 2026 tax revenue target of ₦40.71 trillion.",
  "summary": "The Nigerian government is set to be the second-biggest beneficiary of MTN Nigeria’s ₦545.89 billion ($406.37 million) dividend payment scheduled for September 7.",
  "key_points": [
    "Nigeria to receive $40.64 million from MTN’s dividend payout",
    "$40.64 million equals 0.13% of government’s 2026 tax revenue target",
    "Dividend payable on September 7 to shareholders listed as of August 20, 2026"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}