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MTNNICT

MTN Nigeria Communications Plc

₦801
▼ 12%+35% YTD
≈ $0.57 · Forex rate

Key stats

Market cap
₦2,200B
P/E ratio
4.6x
Dividend yield
5.0%
52-week range
₦600 – ₦980
Founded
2001
Listed
2019
Board
Premium Board
Industry
Telecommunications
HQ
Ikoyi, Lagos
CEO
Karl Toriola
Shares
20.354B
ISIN
NGMTNN000007

MTNN Price History

Yearly close — last 5-7 years

₦86₦259₦433₦607₦781₦95520192020202120222023202420252026

🧮 If you had invested in MTNN…

₦1,000,000 in MTNN 3 years ago would be worth:
₦4,236,111
▲ +₦3,236,111 (+323.6%)
From Dec 2022 (₦216) to Apr 2026 (₦915) · 4,629 shares

Past performance does not guarantee future returns.

Key milestones

2001
Launched commercial operations in Nigeria
2019
Listed on NGX at ₦90 per share
2022
MoMo PSB (mobile money) launched
2023
Subscribers surpassed 80 million
2025
Revenue surpassed Dangote Cement — Nigeria's highest-revenue listed company
2025
MoMo PSB processed ₦12T+ in transactions
2026
Share price reached ₦915 — up 35% YTD

Dividend History

YearInterimFinalTotal /share
2025₦15₦30₦45
2024₦10₦15₦25
2023₦5₦5₦10
2022₦5₦5₦9
2021₦4₦4₦8

Financial Highlights (₦ Billions)

Metric202320242025
Revenue₦2,493B₦3,295B₦4,100B
Net profit₦241B₦465B₦590B
Profit margin9.7%14.1%14.4%
EPS₦11.83₦22.85₦29
Total assets₦2,300B₦2,800B₦3,200B
ROE35.0%42.0%45.0%

Why Lagosian dey care about MTNN

MTN Nigeria na di most popular brand for Lagos. Over 200 million Nigerian dey use MTN. Every ₦1,000 data bundle, every airtime recharge, every MoMo transaction na MTN revenue. Stock dey trade at 4.6x PE — di cheapest large-cap value for NGX. MTN don pass Dangote Cement as Nigeria highest-revenue company.

About di company

MTN Nigeria na di largest telecom for Africa most populous country. Dem launch for 2001 and list on NGX for May 2019 at ₦90. Three segment: Consumer (75% of revenue), Enterprise (15%), and Fintech MoMo PSB (10%). Revenue reach ₦4.1 trillion for 2025 — pass Dangote Cement. MoMo PSB process ₦12 trillion+ transaction with 40 million wallet.

Business segments

1.Consumer (voice, data, digital — 75% of revenue)
2.Enterprise (corporate ICT, cloud — 15%)
3.Fintech — MoMo PSB (mobile money, payments — 10%)
4.Towers & Infrastructure (IHS spinoff history)
📈 Why buy

Largest subscriber base in Nigeria with significant pricing power. MoMo PSB fintech could be a Safaricom M-Pesa moment for Nigeria. 4.6x PE makes this the cheapest large-cap value on NGX. 5G rollout opens new revenue streams.

📉 Why fear

Regulatory disputes with NCC over tariffs. Tower lease cost inflation (IHS Towers). Competitive intensity from Airtel and Glo. Political risk on telecom-specific taxes (proposed 5% revenue levy).

Key risks

  • ⚠NCC regulatory and tariff disputes
  • ⚠Tower lease cost inflation
  • ⚠Competitive pressure from Airtel and Glo
  • ⚠Political risk on telecom-specific taxes
  • ⚠SIM registration deadline disruptions

Trading activity — past 3 months

MTN Nigeria is the most actively traded large-cap stock on the NGX. MTNN accounted for 14% of total market value traded in the last session. Over the past 3 months, MTNN traded 890 million shares in 215,000 deals valued at ₦680 billion — the highest turnover of any stock on the exchange.

ICT sector — MTNN dey rank 2 of 2

By market cap

#TickerNamePriceYTD
1AIRTELAFRIAirtel Africa Plc₦3,656+42%
2MTNNMTN Nigeria Communications Plc₦801+35%
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Frequent Question

MTNN (MTN Nigeria Communications Plc) na trading at ₦801.1. Down 12.40% today, +35% YTD.

Important Disclaimer

Stock prices wey dey dis page dey delayed by at least 30 minutes and na for informational purposes only. Lagos.cool NO be licensed stockbroker, investment advisor, or securities dealer. We no dey buy, sell, or recommend any securities.

Past performance no be guarantee for future result. Stock price fit go down as e fit go up, and you fit lose some or all of your investment. Always consult licensed stockbroker or financial advisor before you make investment decision.

Data dey come from di Nigerian Exchange (NGX) and public corporate disclosure.