MTN Nigeria records insider share acquisition worth ₦921.8 million across five tranches

MTN Nigeria has announced an insider equity transaction where its corporate employee share acquisition took over 1.23 million ordinary shares. The transaction, at an aggregate price of ₦747.42 per share, is valued at around ₦921.8 million.

In a filing via the Nigerian Exchange Limited (NGX) on Saturday tagged MTN Employee Share Acquisition, the transaction was executed across five tranches and completed in a single window. The move further solidifies employee asset ownership in a move to align staff interests with the long-term goal of the company. 

While reacting to the share acquisition by insiders, Company Secretary of MTN Nigeria, Uto Ukpanah, confirmed the seamless execution of ordinary share purchases on behalf of the company’s employees.

“The notification of share dealing by insiders is a regulatory compliance prerequisite. In this instance, the transaction involves the MTN Employee Share Acquisition scheme, which is designated as a related party to the issuer,” he added. 

Ukpanah mentioned that the share purchase represents a structured layout under the group’s public operational guidelines. 

Breakdown of the acquisition showed the purchase was carried out across five different tranches, a move to navigate prevailing market price volatility and maximise price entry points. 

The transactions, with their respective price and volume, are:

• Tranche 1: 400,000 shares @ ₦734.16 per share 
• Tranche 2: 10,400 shares @ ₦748.83 per share 
• Tranche 3: 301 shares @ ₦753.37 per share 
• Tranche 4: 49,271 shares @ ₦753.76 per share 
• Tranche 5: 773,327 shares @ ₦753.86 per share.

According to the corporate disclosure, all transactions were carried out on June 19, 2026, in Lagos State. 

“The transactions were carried out under the unique Legal Entity Identifier 0292003626J3K6UG9D04, which identifies MTN Nigeria Communications Plc globally in financial operations,” part of the statement reads. 

Also Read: MTN Nigeria vests 129,129 shares worth ₦103.3 million in 6 employees.

Insider buying signals confidence in MTN Nigeria

Insiders’ share acquisition, especially on a large scale, provides a strong rally for public support for the company’s shares. It signals internal confidence in the present and future potential of the company’s revenue sustainability, as reflected in the financial statements. 

The surge in MTN Nigeria’s share price witnessed so far in 2026 and financial performance has further solidified support for the company’s shares. 

Recently, the telecom operator’s Chief Financial Officer (CFO), Modupe Kadri, acquired a combined 1,589,041 ordinary shares valued at approximately ₦1.25 billion between June 15 and 17, 2026. 

This development further increased Kadri’s share in the company following the award of 382,491 units in April as part of the company’s Employee Share Ownership Plan (ESOP) and Performance Share Plan.

Last week, MTN Nigeria vested 129,129  ordinary shares in 6 employees under its long-term incentive plan.