MTNN - MTN Nigeria
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.
|Last Trading Results||Growth & Valuation|
|Opening Price:||129.00||Earnings Per Share:||--|
|Day's Low Price:||130.00||Price/Earning Ratio:||--|
|Day's High Price:||130.00||Dividend Per Share:||--|
|Traded Volume:||3,561,873||Dividend Yield:||--|
|Number of Deals:||52||Shares Outstanding:||20.35b|
MTNN Stock Market Performance
The stock of MTN Nigeria (MTNN) is currently trading at 130.00 NGN per share on the Nigerian Stock Exchange. MTNN closed its IPO day (May 16, 2019) with a share price of 99.00 NGN and has since gained 31.31% on that price valuation, ranking it 7th on the NSE in terms of year-to-date performance. Investors should, however, take caution of MTNN's recent poor performance, having lost 7.14% of its value in the past four weeks. 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 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.
- Dozie, Pascal
- Moolman, Ferdinand
Chief Executive Officer
- Oyebode, G.
- Bello, M. Sani (Col.)
- Odili, V. (Chief)
- Folawiyo, B.
- Dasuki, A. (Mallam)
- Norman, P.
- Gasant, R.
- Toriola, K.
- Shuter, R.
- Mupita, R.
- Schulte-Bockum, J.
|Factsheet of MTN Nigeria Communications Plc|
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 one market competitor who is also engaged in the Telecommunications sector and/or the Mobile Telecommunications industry. The table below gives you an overview of their market standing.