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Company Intelligence Terminal · Telecoms · Mobile Network Operators

MTNN · MTN Nigeria Communications

MTN Nigeria Communications

MTNN
NGXEquity · Ordinary SharesTelecomsMobile Network Operators
218.00NGN+0.46%
Market cap ₦4.44T · as of 17 Jun 2026, 09:15
Ask about MTNN
Current price
218.00NGN
Open
217.57
Previous close
217.00
Today's range
217.39 – 219.03
52-week high
223.06
52-week low
205.44
Deals
1,205
Volume
5.2M
Value traded
₦1.1B
Market cap
₦4.44T
YTD performance
+0.46%

Company profile

MTN Nigeria Communications is a leading telecoms operator in Nigeria, with operations spanning multiple states and a track record across investment cycles.

CEO
Karl Toriola
HQ
Lagos
Founded
2001
Employees
1,900
Sector
Telecoms
Sub-sector
Mobile Network Operators
Ticker
MTNN
Website
mtnn.ng
Beta
0.74
AI-generated summary

MTN Nigeria Communications (MTNN) operates in Nigeria's telecoms value chain with an estimated FY2024 revenue of ₦3675bn and PAT of ₦419bn. Headline ROE is 9.5% and leverage sits at 0.50x debt-to-equity, mapping to a composite risk score of 39/100 (Moderate).

Bull case
  • Scale leadership within its telecoms sub-sector with durable distribution moat.
  • Resilient ROE supports re-rating if rates ease in H2.
  • Capital-light reinvestment runway versus listed peers.
Bear case
  • FX volatility could compress imported-input margins.
  • Working-capital build-up in a 27.5% MPR environment.
  • Sector regulatory cadence could front-load compliance cost.

Key risks

  • Macro: persistent inflation > 25% pressuring real demand.
  • Sector-specific regulatory action and tariff resets.
  • Single-market concentration in Nigeria.

Recent developments

  • Board recommended final dividend at last AGM cycle.
  • Operational expansion announced in Lagos corridor.
  • Engagement with CBN on FX repatriation framework noted in latest filing.

Recent news

  • positiveProshare Markets· 09 Jun
    MTN Nigeria Communications signs MoU with CBN on FX repatriation framework
  • neutralNGX Wire· 07 Jun
    MTNN crosses key technical level on rising volume
  • negativeProshare Research· 04 Jun
    Analysts trim MTNN FY26 EPS estimate by 4% on margin pressure
  • positiveBusinessDay· 01 Jun
    MTN Nigeria Communications expands Lagos operations with NGN 88.8bn capex