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.

MTNN175.00 ▪ 0.00
3 days ago
Last Trading Results
Opening Price
Day’s Low Price175.00
Day’s High Price175.00
Traded Volume5.06M
Number of Deals76
Gross Turnover885M
Growth & Valuation
Earnings Per Share0.01
Price/Earning Ratio17,500.00
Dividend Per Share
Dividend Yield
Shares Outstanding20.4B
Market Capitalization3.56T
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 175.00. MTNN closed its last trading day (Friday, September 24, 2021) at 175.00 NGN per share on the Nigerian Stock Exchange (NGX). MTN began the year with a share price of 169.90 NGN and has since gained 3% on that price valuation, ranking it 58th on the NGX in terms of year-to-date performance.

MTN Nigeria is the 34th most traded stock on the Nigerian Stock Exchange over the past three months (Jun 28 - Sep 24, 2021). MTNN has traded a total volume of 100 million shares—in 5,636 deals—valued at NGN 17 billion over the period, with an average of 1.59 million traded shares per session. A volume high of 10.2 million was achieved on June 30th, and a low of 61,067 on September 7th, 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 Ferdinand Moolman as its Chief Executive Officer. The company's board of directors, chaired by Pascal Dozie, is composed of 13 members whose names are listed below.

  1. Dozie, Pascal
  2. Moolman, Ferdinand
    Chief Executive Officer
  3. Oyebode, G.
    Board Member
  4. Bello, M. Sani (Col.)
    Board Member
  5. Odili, V. (Chief)
    Board Member
  6. Folawiyo, B.
    Board Member
  7. Dasuki, A. (Mallam)
    Board Member
  8. Norman, P.
    Board Member
  9. Gasant, R.
    Board Member
  10. Toriola, K.
    Board Member
  11. Shuter, R.
    Board Member
  12. Mupita, R.
    Board Member
  13. Schulte-Bockum, J.
    Board Member
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 Plc2.69T715.00-16.1%
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 Stock Exchange
  6. Malawi Stock Exchange
  7. Nairobi Securities Exchange
  8. Nigerian Stock Exchange
  9. Uganda Securities Exchange
  10. Zimbabwe Stock Exchange

Comments (2)

  1. Olusegun OlusanyaOlusegun Olusanya
    Jun 9, 2020 05:08 GMT

    Is MTNN—MTN NIGERIA the same as MASS TELECOM INNOVATION NIGERIA1 PLC or the latter was the former name?


    1. Michael KwayisiMichael Kwayisi
      Jun 9, 2020 08:20 GMT

      No. Mass Telecom Innovation (MTI) is an industrial engineering and construction services company whereas MTN is a telecom network operator. The "telecom" in MTI's name is because it began as a company specialized in the installation of copper and fiber-optic cables for telecom service operators.

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