MTN Nigeria Loses N1.7trn as Investors Exit Positions

MTN Nigeria Loses N1.7trn as Investors Exit Positions

MTN Nigeria Plc lost approximately 10%, or N1.7 trillion, in market value on the Nigerian Exchange (NGX) as investors exited positions amid weak sentiment.

Trading data from the stock market showed that the telecom company’s share price climbed to N750 at the close of the trading session on Friday, with 5.544 million units valued at N4.139 billion traded from N720 on Thursday.

The last momentum price recovery aligned with broader market significantly that touched MTN Nigeria, and eased the negative impacts of initial sell pressures on the telecom stock.

Based on 7 days of trading data, MTN Nigeria’s share price peaked at N830, but lost momentum amidst calls for retaliatory policy against its South African parent company over Xenophobic attacks.

Stockbrokers, however, said Nigerian investors are more accommodating and rely on the government for necessary action against any South African interest in the economy.

Discussing the outlook for MTN Nigeria, some analysts maintained that anything can happen as events unfold between the Nigerian government and South Africa. 

At the close of the trading session on Friday, the market value of MTN Nigeria Plc’s 20.995 billion outstanding shares was N15.746 trillion.

As at 31 December 2025, MTN International (Mauritius) Limited held a substantial 73.39% equity interest in the issued share capital of MTN Nigeria Communications Plc.

This Mauritian entity operates as an investment and holding vehicle, functioning as a direct, wholly-owned subsidiary of MTN Group Limited, headquartered in Johannesburg, South Africa.

Through this ownership and administration chain, MTN Nigeria acts as a key operational cluster for the South African parent company. Last year, the MTN Group indicated plans to sell more shares to investors in Nigeria after earnings recovery and dividend payments.

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