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MTN Nigeria Communications Plc (NGX: MTNN) | Share Price

Nigel Firth
Nigel Frith trader
Updated 20 May 2024

MTN Nigeria Communications Plc

MTN Nigeria Communications Plc is a Nigeria based company listed on the Nigerian Stock Exchange (NGX) that provides cellular telecommunications network access and information and communications technologies (ICT) solutions, Internet services, mobile Internet, and mobile wi-fi services in the country.

Overview of MTN Nigeria Communications Plc

Today, MTN Nigeria Communications Plc’s portfolio of products and services are diversified in more sectors of the Telecommunications value chain and include, apart from telecommunications and information service, the following: a range of entertainment, information and lifestyle digital content solutions.

The Company’s subsidiaries include XS Broadband Limited, Yello Digital Financial Services Limited (YDFS) and Visafone Communications Limited.

The history of MTN Nigeria Communications Plc goes back to February 9, 2001 when it was founded as the Nigerian subsidiary of the MTN Group – a telecommunications group that is operating in 22 countries across Africa and the Middle East.

MTN Nigeria has since become the biggest mobile operator in West Africa with over 55 million subscribers through 15 service centres, 144 Connect Stores, and 247 Connect Points located in every state of the country.

MTN Nigeria

MTN Nigeria Communications Plc has its head offices at 4 Aromire Street, Off Kingsway Road, Ikoyi, Nigeria.

The current CEO of MTN Nigeria Communications Plc is Karl Olutokun Toriola.

MTN Nigeria Communications Plc's equity stocks are for sale online on the Nigerian Stock Exchange (NGX) under the stock symbol MTNN.

MTN Nigeria Communications Plc forms part of the Communications Services Industry and the Telecommunications Sector of the Nigerian Stock Exchange (NGX).

MTN Nigeria Communications Plc Stock Performance

The current price for MTN Nigeria Communications Plc stocks on the Nigerian Stock Exchange (NGX) is 174.50 Nigerian Naira (NGN).

An analysis of financial data of MTN Nigeria Communications Plc showed that the company has a total market capitalisation of 3.55Trillion NGN, with a Price/Earning ratio of 17,450.00 and earnings per share of 0.01NGN.

With an increase of earnings per share and reliable profits over a period, investors who want to buy or sell MTN Nigeria Communications Plc stocks can look forward to more profitable dividends and earnings in times to come.

According to an analysis on the live chart of MTN Nigeria Communications Plc, analysts forecast further improved performance for the Telecommunications sector with market share growing as trading volumes increase.

Highlights of MTN Nigeria Communications Plc in 2021

MTN Nigeria Communications Plc started the current financial year (2021) with a share price of 169.90 Nigerian Naira (NGN) on the Nigerian Stock Exchange (NGX), and it has gained 2.71 % in value on its price valuation, ranking 61st on the NGX with its year-to-date performance.

MTNN recently had a bad performance, having lost 9% of its value in the past four weeks.

MTN Nigeria Communications Plc is currently the 42nd most-traded stock on the NGX and it has experienced a total trading volume of more than 82.5 million shares, which were finalised in 8,953 deals and were valued at a total of 15 billion Nigerian Naira (NGN) over the recent three month period from September to December 2021, with an average of 1.31 million shares in each trading session.

During the same period a volume high of 7.13 million was achieved on November 10 and a low of 57,264 on December 7.

MTN Nigeria - How To Trade

How to buy MTN Nigeria Communications Plc stocks – Step by Step

The stock market is one of the most attractive financial markets that sees millions of retail investors and traders participating daily. To buy, sell or trade MTN Nigeria Communications Plc stocks on the Nigerian Stock Exchange (NGX), traders and investors can follow a few simple steps:

  1. Find the share that you want to buy, in this case, “MTNN”.
  2. Select a forex broker that offers access to the Nigerian Stock Exchange (NGX).
  3. Review the broker's trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
  4. Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
  5. Once your account has been activated, you are ready to make your first share purchase through the broker.
  6. From here you can start to build and diversify your portfolio by buying more shares.


The Nigerian Stock Exchange (NGX) (officially the Nigerian Exchange Group) is a leading integrated market organisation in Africa servicing the continent’s largest economy, that of Nigeria. The Exchange provides capital access to companies that seek to take advantage of the financial markets to fund their business expansion. The NGX also provides its collection of domestic, regional, and international investors with an array of regulated securities to achieve their investment objectives.

The NGX publishes the benchmark, value-weighted All-Share Index (ASI), formulated in January 1984 with a base value of 100 and which tracks the general market movement of all listed equities on the Exchange.

The NGX30 and NGX50 are additional indices that track the top 30 and 50 companies in terms of market capitalization and liquidity respectively. Only fully paid-up common shares weighted by adjusted market capitalization are admitted to these indices.

Nigel Firth
Nigel has been in the regulated financial services industry for nearly a decade, has previously owned a financial brokerage and has written many times for sites relating to personal finance and trading.