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 fifth most valuable stock on the NGX with a market capitalization of NGN 4.7 trillion, which makes about 8.33% of the Nigerian Stock Exchange equity market.

MTNN224.00 ▾ 3.00 (1.32%)
Last Trading Results
Opening Price
Day’s Low Price224.00
Day’s High Price225.00
Traded Volume3.98M
Number of Deals294
Gross Turnover892M
Growth & Valuation
Earnings Per Share
Price/Earning Ratio
Dividend Per Share
Dividend Yield
Shares Outstanding21B
Market Capitalization4.7T
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 224.00. MTNN closed its last trading day (Tuesday, April 16, 2024) at 224.00 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.3% drop from its previous closing price of 227.00 NGN. MTN began the year with a share price of 264.00 NGN but has since lost 15.2% off that price valuation, ranking it 137th on the NGX in terms of year-to-date performance. Shareholders’ worries are compounded by the fact that MTNN has lost 8% of the stock’s value from March 12th to date.

MTN Nigeria is the 35th most traded stock on the Nigerian Stock Exchange over the past three months (Jan 12 - Apr 16, 2024). MTNN has traded a total volume of 152 million shares—in 26,116 deals—valued at NGN 37.3 billion over the period, with an average of 2.42 million traded shares per session. A volume high of 11.1 million was achieved on March 25th, and a low of 203,026 on April 2nd, 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 (52) 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 Plc8.27T2,200.00+16.6%
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. Ogundipe OlayinkaOgundipe Olayinka
    Jan 27, 2024 07:57 GMT

    I want to buy mtn shares, how can I go about it?

  2. Venerable Samuel Ndudirim yVenerable Samuel Ndudirim y
    Jan 18, 2024 15:45 GMT

    I want to buy MTN stock

  3. Princess NwadikePrincess Nwadike
    Dec 18, 2023 22:57 GMT

    Good day,everyone.
    Am new here,got interested in going into buying of shares in big,reputable companies like my favorite telecommunication company, MTN,but don't my way around it.
    Please, I need help and assistance

    1. Ohasuonu PhilipOhasuonu Philip
      Jan 3, 2024 09:10 GMT

      Hello Princess,

      You can use Trove app to buy MTNN stocks. Thanks

  4. PrincessPrincess
    Nov 27, 2023 10:05 GMT

    You can buy the MTN shares and other shares from Chapel Hill Denham.

  5. Olaide oyewoleOlaide oyewole
    Nov 21, 2023 15:33 GMT

    I want to buy shares from mtn how can I do it?

    1. ChimaChima
      Feb 6, 2024 08:16 GMT

      Visit and stockbroker nearest to you. You will be required to open an account with them, fund your account, and they will use your funds to buy MTN shares for you.

  6. oluwasholaoluwashola
    Oct 30, 2023 14:18 GMT

    Hello good afternoon, please I'm interested in mtn shares and how can I go about it?

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

    I want to buy MTN shares how do I do it

  8. 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.

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

    What is the dividend payment and when next?

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