MTN Nigeria Communications stock reports NGN 20.48 million insider sale

Published on 10/08/2026 at 04:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MTN Nigeria Communications stock was at NGN 847.00 on October 7, 2026, as an executive sold 25,000 shares. H1 revenue rose 25.9 percent to NGN 2.99 trillion.

MTNN, NGMTNN000002, Illustration mit AI erstellt.

MTN Nigeria Communications stock (ISIN NGMTNN000002) was trading at NGN 847.00 on the Nigerian Exchange on October 7, 2026 at 10:12 a.m. WAT, unchanged from the prior close. Punch reported that a senior MTN Nigeria manager sold 25,000 ordinary shares in a transaction valued at NGN 20.48 million.

Insider sale totals NGN 20.48 million

The sales took place in several tranches between September 10 and September 25, 2026, at prices from NGN 808.00 to NGN 861.90 per share. The weighted average price was NGN 819.38, placing the disclosed transaction below the NGN 847.00 market price cited above.

The filing identified the securities with ISIN NGMTNN000002, linking the transaction directly to MTN Nigeria Communications. Insider dealings are routine disclosure events, but the size and timing give shareholders a concrete ownership datapoint alongside the company's operating figures.

H1 revenue rises 25.9 percent

MTN Nigeria's unaudited first-half 2026 results showed revenue of NGN 2.99 trillion, up 25.9 percent from the corresponding period. THISDAY reported that profit after tax increased 70.6 percent to NGN 707.5 billion, while EBITDA rose 39.2 percent to NGN 1.7 trillion.

The same H1 2026 report put the EBITDA margin at 55.9 percent and free cash flow at NGN 712.7 billion, up 73.9 percent. Data revenue grew 38.3 percent to NGN 1.70 trillion, representing 56.8 percent of total revenue, while the board approved an interim dividend of NGN 26 per share.

Analysts see NGN 989.85 target

Investing.com showed a Buy consensus from five analysts, with an average 12-month price target of NGN 989.85. That target lies 16.86 percent above the NGN 847.00 reference price, while the published target range runs from NGN 786.82 to NGN 1,079.79.

A separate October selection from CSL Stockbrokers placed a NGN 1,015.50 target on the shares, against NGN 837.00 at the end of September. BusinessDay said the broker expects data, voice revenue and cost optimization to support 2026 performance, while also highlighting profit-taking risk across the Nigerian market.

Stock stays below yearly high

MTN Nigeria Communications was trading at NGN 847.00 on October 7, 2026, with a 52-week range of NGN 429.30 to NGN 915.00. The stock therefore stood NGN 68.00 below its yearly high, while market capitalization was NGN 17.7 trillion and reported volume was 96,400 shares.