MTN Nigeria Lost N1.02trn over Large Scale Selloffs
MTN Nigeria Plc lost 6.46% of its market value, equivalent to N1.028 trillion, amid large-scale selloffs on the Nigerian stock market. The telco company’s market value plunged as investors dumped shares on the Nigerian Exchange, according to trading data tracked by MarketForces Africa.
The telecom company’s share price fell to N709 as 24.588 million units valued at N17.451 billion were transacted in the local bourse on Monday. The large volume transaction, led by sell-side actors, reflected weakening investor sentiment.
MTN Nigeria has seen rapid profit-taking, with its share price plunging from its 52-week high of N819 to N709, reflecting cautious trading actions ahead of dividend payments.
At the current market price, MTN Nigeria is trading at a 13.43% discount to its 52-week high on the Nigerian Exchange. Hence, the market value of the telecom company’s 20.995 billion outstanding shares tanked to N14.888 trillion.
Following its bumper earnings harvest in 2025, MTN Nigeria proposed a N15 dividend per share, subject to shareholders’ approval at the annual meetings.
The telecom company had no profit to distribute in 2024; hence, the board boosted dividend distribution for 2025. A total dividend for 2025 was N20, split into an interim payment of N5 per share and a N15 final distribution to shareholders.
In September 2025, MTN paid an interim dividend totalling N104.98 billion, and a proposed final dividend of N314.93 billion was announced
If the proposed final dividend is approved, the total dividend for the financial year ended 31 December 2025 will be N20.00 per share of 2 kobo each. #NGX Shrinks by N1.38trn as Investors Dump MTNN, GTCO
