MTN Nigeria’s chief executive and Vice President for Francophone Africa, Karl Toriola, earned a total compensation of R56.997 million for 2025 – roughly ₦4.69 billion or $3.4 million – marking a 61.2 percent increase over the prior year.
The payout, detailed in MTN Group’s 2025 full‑year financial report released on Wednesday, comprised three components. Base earnings and benefits amounted to R17.9 million ($1.07 million). A short‑term incentive (STI) bonus of R15.18 million ($908,571) was awarded, while long‑term incentives (LTI) that vested in 2025 were valued at R23.9 million ($1.43 million).
MTN Group’s strong financial performance and a rise in share price were cited as the primary drivers of the higher bonuses and equity awards. The 2025 compensation represents Toriola’s highest single‑year earnings, inclusive of bonuses, since he assumed the CEO role at MTN Nigeria in 2021.
According to the report, short‑term bonuses were calculated with a 70 percent weighting on overall company performance and a 30 percent weighting on team performance. The vested long‑term incentives, which become payable after three years, are linked to strategic and sustainability metrics. Shares allocated under the LTI scheme were valued at a price 62 percent above the previous year’s level.
The increase in Toriola’s remuneration reflects MTN Group’s broader trend of rewarding senior executives in line with corporate results and shareholder returns. The disclosed figures provide transparency on executive pay and illustrate the alignment of compensation with the group’s performance objectives.
