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 third most valuable stock on the NGX with a market capitalization of NGN 4.82 trillion, which makes about 16.5% of the entire Nigerian Stock Exchange equity market.

MTNN237.00 ▾ 3.00 (1.25%)
1 day ago
Last Trading Results
Opening Price
Day’s Low Price237.00
Day’s High Price237.00
Traded Volume1.74M
Number of Deals394
Gross Turnover412M
Growth & Valuation
Earnings Per Share
Price/Earning Ratio
Dividend Per Share
Dividend Yield
Shares Outstanding20.4B
Market Capitalization4.82T
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 237.00. MTNN closed its last trading day (Friday, May 27, 2022) at 237.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.3% drop from its previous closing price of 240.00 NGN. MTN began the year with a share price of 197.00 NGN and has since gained 20.3% on that price valuation, ranking it 39th on the NGX in terms of year-to-date performance. Shareholders can be optimistic about MTNN knowing the stock has accrued 12% over the past four-week period—25th best on NGX.

MTN Nigeria is the 24th most traded stock on the Nigerian Stock Exchange over the past three months (Feb 24 - May 27, 2022). MTNN has traded a total volume of 246 million shares—in 19,886 deals—valued at NGN 54.2 billion over the period, with an average of 3.9 million traded shares per session. A volume high of 22.8 million was achieved on April 13th, and a low of 149,497 on April 25th, 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 (50) as its Chief Executive Officer, since 2021. The company's board of directors, chaired by Ernest Ndukwe (73), 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 Plc6.64T1,767.00+85%
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

Comments (22)

  1. PreciousPrecious
    May 20, 2022 09:30 GMT

    When will the next trading for share open

  2. AnnanymousAnnanymous
    Dec 9, 2021 07:40 GMT

    Please, what are the benefits of buying mtn shares or if the future is predictable to be profitable!? Please, enlight. Thanks.

    1. mr Chris ACISmr Chris ACIS
      Apr 27, 2022 13:47 GMT

      Hello Mr. Annonymous,

      MTN stock is a very good one..

      MTN is a telecommunication company that has a very wide range of users ranging from callers to data users...

      I personally will recommend it anytime any day...

      its a good buy for long-term investment..


      the group may get filled up soonest..

  3. AustinAustin
    May 11, 2022 11:12 GMT

    How can I buy MTN share?

  4. Bolaji Emmanuel AdebajoBolaji Emmanuel Adebajo
    Dec 7, 2021 20:13 GMT

    Having I gone through MTN stock sales to the public. I went through all the analysis of the sales which I regarded as good deal. But unfortunately I don't see any format of how to buy and pay online and it's closing this offer by December 14th 2021. I will be glad if they can open up their portal or send me a link to go in there to subscribe for some offers. Thanks

    1. Mac-RonaldMac-Ronald
      Dec 13, 2021 11:09 GMT

      Hello Bolaji,

      I just enrolled now to purchase.

      See the link I used.

      Best regards

  5. Olalekan ElizabethOlalekan Elizabeth
    Dec 7, 2021 16:21 GMT

    Is MTN still selling shares cause I just came across it on Instagram, that it will close on the 14th of December, please how true is the information?

    1. OJOJ
      Dec 7, 2021 17:40 GMT

      It's a retail public offer to give the general public an opportunity to buy MTN shares at a discount price of N169 per share. It started last week Wednesday, December 1st and will end on the 14th. But the whole thing has gone awry. At the time of the announcement, MTN was trading at N190 per share so paying N169 for a share was cheaper, but now MTN is selling at N167 per share. So it's actually cheaper now to buy on the market than from the OTC subscription. Oh, with the subscription you get 1 free share for every 25 purchased. Still...

  6. Sarah SSarah S
    Mar 9, 2022 14:48 GMT

    Please I need more knowledge about the benefits of buying share, how much wei be getting as a share holder.

    1. mr Chris ACISmr Chris ACIS
      Apr 27, 2022 13:53 GMT

      Hello Mrs. Sarah,

      If you want to learn how to buy and sell stocks in the Nigeria Stock Market..

      join our FREE training now

      follow the link below

      or call 08115789919

  7. VictorVictor
    Dec 18, 2021 02:35 GMT

    Is it that, the buying price is 187naira, as the shares price, or is it that the paying price is 187naira. Meaning that, am I going to be paid as being 187naira per share, or is it just the buying that it is 187naira? Thanks!

  8. RonkeRonke
    Sep 27, 2021 21:44 GMT

    The info you have on the MTN Board of directors needs to be updated.

  9. Bless DotseBless Dotse
    Feb 21, 2022 00:01 GMT

    I want to buy shares in MTN

  10. Yakubu Ovosi IBRAHIMYakubu Ovosi IBRAHIM
    Jan 10, 2022 21:50 GMT

    I understand that i can buy MTN public offer shares online (Mobile app), pls can i also buy using app after the closure of the public offer ?

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