MTN Nigeria Plunges by 10% to N9.01trn as Sentiment Fades
MTN Nigeria Plc’s stock market value plunged by 10% on Tuesday as investors dumped the telecom company shares again, reflecting negative sentiment ahead of an interim dividend payment in Nov.
Trading data from the Nigerian Exchange (NGX) showed that MTN Nigeria (Ticker: MTNN) fell to N429.3 per share as 2.059 million units of the telecom company shares valued at N888.872 million were traded in the local bourse.
The telecom company whose share price peaked at N520.1, its highest value in 52 weeks, has now lost approximately 17.5% after earnings fuelled rallies fades.
At the close of the trading session on Tuesday, the stock market value of MTN Nigeria’s 20.995 billion shares outstanding plunged to N9.013 trillion. The company had earlier reached N10.919 trillion before post-earnings profit-taking reactions by sell-side actors seeking to exit positions.
Investors trimmed holdings despite the fact that MTN Nigeria board of directors declared N5 as an interim dividend after strong 9M-2025 earnings performance.
“An interim dividend of N5 per 2 kobo ordinary share has been approved by the Board of Directors of MTN Nigeria Communications Plc, subject to appropriate deduction of withholding tax.
“It will be paid to shareholders whose names appear in the Register of Members as at the close of business on 20 November 2025,” MTN Nigeria said in a disclosure.
On 28 November 2025, dividends will be paid electronically to shareholders whose names appear on the Register of Members as of 20 November 2025 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts.
MTN Nigeria earned N35.77 per share deployed for business, according to the telecom company’s unaudited financials. Meanwhile, the board of directors propose to pay N5 as an interim dividend after two years. MTN Nigeria Lost 8.3% Ahead of Interim Dividend, Potential Offer
