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 4.84 trillion, which makes about 16.4% of the entire Nigerian Stock Exchange equity market.

MTNN242.00 ▴ 4.10 (1.72%)
3 minutes ago
Last Trading Results
Opening Price
Day’s Low Price242.00
Day’s High Price242.00
Traded Volume180,362
Number of Deals145
Gross Turnover43.5M
Growth & Valuation
Earnings Per Share
Price/Earning Ratio
Dividend Per Share
Dividend Yield
Shares Outstanding20.4B
Market Capitalization4.84T
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 242.00. MTNN closed its last trading day (Friday, February 3, 2023) at 237.90 NGN per share on the Nigerian Stock Exchange (NGX), recording a 1.9% gain over its previous closing price of 233.50 NGN. MTN began the year with a share price of 215.00 NGN and has since gained 10.7% on that price valuation, ranking it 34th on the NGX in terms of year-to-date performance.

MTN Nigeria is the 25th most traded stock on the Nigerian Stock Exchange over the past three months (Nov 4, 2022 - Feb 3, 2023). MTNN has traded a total volume of 125 million shares—in 12,288 deals—valued at NGN 26.3 billion over the period, with an average of 1.98 million traded shares per session. A volume high of 16.4 million was achieved on November 25th, and a low of 106,857 on November 17th, 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 (74), 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 Plc6.24T1,660.00+1.53%
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. 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

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

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

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

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

  4. JoyJoy
    Dec 16, 2022 04:07 GMT

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

  5. Femi AkindeFemi Akinde
    Sep 6, 2022 00:27 GMT

    Please, how can I sell my MTN Shares?

    1. MarkMark
      Dec 12, 2022 08:39 GMT

      Contact Coronation Registrars with your details to find out who your broker is. They are very efficient.


      1. If you bought your share during the primary offer, then check your email for information about your broker. Mine is Chapel Hill Denham.

      2. Try to login to the Chapel Hill Denham TradeIN Portal with your email as your username. Select the "forgot password" option to reset your password if you cannot find it in your mail.

      The rest should be easy.

  6. TubeTube
    Jul 31, 2022 23:21 GMT

    How can one sell the MTN shares

  7. Mohammed BubaMohammed Buba
    Jul 25, 2022 15:44 GMT

    I want to buy mtn shares.
    How do I start please.

    Jun 30, 2022 22:29 GMT

    i like the business

  9. Ridwan OlaRidwan Ola
    Jun 27, 2022 00:12 GMT

    I have 20 unit on my portfolio account... I want to sell how much is the share hold now????

  10. Tolu ChristopherTolu Christopher
    Jun 19, 2022 15:06 GMT

    How can I sell my mtn share

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