African Stock Exchanges

MTNN - MTN Nigeria

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MTNN share price on Nigerian Stock ExchangeMTNN share price on Nigerian Stock Exchange

MTN Nigeria Communications Plc, established in February 2001, is the Nigerian subsidiary of the MTN Group - a telecommunications group operating in 22 countries across Africa and the Middle East. Since inception, MTN Nigeria has led the growth of the telecom industry to become the biggest mobile operator in the whole of West Africa. It began with a 900/1800MHz second-generation digital mobile service, but upgraded to 3G in 2007. With over 55 million subscribers, MTN Nigeria provides cellular network services and technology solutions to millions of Nigerians through 15 service centers, 144 Connect Stores, and 247 Connect Points located in every state of the country. MTN Nigeria is 75.81% owned by MTN International (Mauritius) Limited, 18.7% by Nigerian shareholders through special purpose vehicles, 2.78% by Mobile Telephone Networks NIC B.V, and 1.76% by Public Investment Corporation SOC Limited.

MTN Nigeria is listed on the Nigerian Stock Exchange (NGX) since May 16th, 2019. MTN is traded on the NGX under the ticker symbol “MTNN”. The International Securities Identification Number (ISIN) of NGX:MTNN is NGMTNN000002. MTN Nigeria is currently the second most valuable stock on the NGX with a market capitalization of NGN 5.55 trillion, which makes about 15.2% of the entire Nigerian Stock Exchange equity market.

MTNN264.50 ▪ 0.00
1 day ago
Last Trading Results
Opening Price
Day’s Low Price
Day’s High Price
Traded Volume261,269
Number of Deals224
Gross Turnover68.7M
Growth & Valuation
Earnings Per Share
Price/Earning Ratio
Dividend Per Share
Dividend Yield
Shares Outstanding21B
Market Capitalization5.55T
Monetary values are quoted in Nigerian Naira (NGN) unless otherwise stated

MTNN Stock Market Performance


The current share price of MTN Nigeria (MTNN) is NGN 264.50. MTNN closed its last trading day (Tuesday, September 26, 2023) at 264.50 NGN per share on the Nigerian Stock Exchange (NGX). MTN began the year with a share price of 215.00 NGN and has since gained 23% on that price valuation, ranking it 85th on the NGX in terms of year-to-date performance.

MTN Nigeria is the 42nd most traded stock on the Nigerian Stock Exchange over the past three months (Jun 30 - Sep 26, 2023). MTNN has traded a total volume of 124 million shares—in 19,894 deals—valued at NGN 34.2 billion over the period, with an average of 1.96 million traded shares per session. A volume high of 21.3 million was achieved on August 24th, and a low of 234,588 on September 19th, for the same period. The table below details the last 10 trading days of activity of MTN Nigeria on the Nigerian Stock Exchange.


Profile of MTN Nigeria Communications Plc

MTN Nigeria Communications Plc was founded on February 9, 2001 and operates in the Telecommunications sector, specifically, the Mobile Telecommunications industry. The company is led by Karl Olutokun Toriola (51) as its Chief Executive Officer, since 2021. The company's board of directors, chaired by Ernest Ndukwe (75), is composed of 15 members whose names are listed below.

  1. Ndukwe, Ernest
    Executive Chairman
  2. Toriola, Karl Olutokun
    Chief Executive Officer
  3. Kadri, Modupe
    Chief Financial Officer
  4. Norman, Paul
    Non-Executive Director
  5. Mupita, Ralph
    Non-Executive Director
  6. Moolman, Ferdi
    Non-Executive Director
  7. Okauru, Ifueko M Omoigui
    Non-Executive Director
  8. Johnson, Omobola
    Non-Executive Director
  9. Alli, Andrew
    Non-Executive Director
  10. Mahmoud, A. B.
    Non-Executive Director
  11. Schulte-Bockum, Jens
    Non-Executive Director
  12. Molefe, Tsholofelo
    Non-Executive Director
  13. Gasant, Rhidwaan
    Independent Non-Executive Director
  14. Ajukwu, Michael Onochie
    Independent Non-Executive Director
  15. Ahmad, Muhammad K.
    Independent Non-Executive Director

Factsheet of MTN Nigeria Communications Plc

Mobile Telecommunications
4 Aromire Street, Off Kingsway Road, Ikoyi, Lagos, Nigeria

MTNN Industrial Market Competitors

MTN Nigeria Communications Plc, issuers of the MTNN stock on the Nigerian Stock Exchange, have two market competitors who are also engaged in the Telecommunications sector and/or Mobile Telecommunications industry. The table below presents an overview of their market standing.

CodeNameM. Cap.CloseYTD
AIRTELAFRIAirtel Africa Plc4.85T1,290.00-21.1%
BAPLCBriclinks Africa Plc62.5M6.25

Index of African Stock Exchanges:

  1. Botswana Stock Exchange
  2. BRVM Stock Exchange
  3. Ghana Stock Exchange
  4. Johannesburg Stock Exchange
  5. Lusaka Securities Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange


  1. Ayoola AdegboyegaAyoola Adegboyega
    Sep 5, 2023 22:08 GMT

    I want to buy MTN shares how do I do it

  2. OmobolanleOmobolanle
    Aug 28, 2023 17:01 GMT

    I want to buy their shares how do I do it

    Jul 26, 2023 09:03 GMT

    Thanks for the write up. Very detailed, easy to understand & informative.

  4. Wole OjoWole Ojo
    Jul 14, 2023 21:14 GMT

    What is the dividend payment and when next?

  5. Shofadekan kehindeShofadekan kehinde
    Jun 7, 2023 20:51 GMT

    I want to buy a share how do I doit

  6. Sangotade Adewale JohnSangotade Adewale John
    May 4, 2023 13:03 GMT

    I want to buy mtn share. Please how much and how to go about it. I need your assistance. Thanks

  7. Akinde AtinukeAkinde Atinuke
    Jan 24, 2023 12:02 GMT

    Please l bought 200 share in 2021 with #33,800 since then am yet to see anything thing I bought 200 units from my bank Access Bank.please help me out

    1. Daranijo TaiyeDaranijo Taiye
      Feb 14, 2023 08:01 GMT

      contact chapel hill Denham

  8. Olayanju AminatOlayanju Aminat
    Jan 20, 2023 14:05 GMT

    Hello please i want to buy MTN shares how do i go about it

    1. chrischris
      Feb 9, 2023 08:28 GMT

      you can use apps like chaka on playstore or app store

  9. Abiodun AdemakinAbiodun Ademakin
    Jan 10, 2023 01:04 GMT

    Am interested in buying my shares pls how do I go about it.

  10. JoyJoy
    Dec 16, 2022 04:07 GMT

    I would love to buy MTN shares. How do I do that ?

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