MTN Nigeria Communications Plc has recorded another insider share purchase after its strong financial turnaround, with the company’s Senior Manager, Financial Operations, Olugbenga Ojeranti, acquiring 81,327 shares valued at N40.9 million.
The shares were purchased at an average price of N504 per unit between 15 and 30 December 2025, according to disclosures made in line with regulatory requirements. Ojeranti acquired 66,327 shares at N503 and an additional 15,000 shares at N505, adding to a string of insider transactions that followed the release of MTN Nigeria’s financial results in late October.
The latest purchase follows earlier acquisitions by non-executive director Andrew Alli, who bought 93,220 shares on 4 December, and Kolapo Olaleye, General Manager, Financial Planning, who acquired 23,000 shares. Market watchers say the steady accumulation of shares by senior executives and board members signals growing confidence in the company’s outlook.
Investor sentiment appears to have responded positively. MTN Nigeria’s share price climbed to N550 in early trading on 9 January 2026, reflecting a month-to-date gain of 7.63 per cent. The stock closed 2025 at N511, ending the year with a 155 per cent return after rising from N200, supported by renewed investor interest and heightened trading activity. About 806 million shares changed hands during the year, the highest level recorded since 2020.
Analysts attribute the turnaround in sentiment to MTN’s sharp recovery in financial performance during 2025. For the nine months ended 30 September 2025, the company reported a pre-tax profit of N1.12 trillion, reversing a N713.6 billion loss recorded in the same period of 2024. In the third quarter alone, pre-tax profit surged to N504.2 billion from N37.7 billion a year earlier.
The Revenue growth was driven largely by data and voice services. Total revenue for the nine-month period reached N3.73 trillion, with data revenue rising 73 per cent year-on-year to N1.97 trillion and accounting for more than half of total earnings. Voice revenue also grew strongly, increasing 48 per cent to N1.19 trillion, supported by higher smartphone penetration, increased data usage and expansion in MTN’s fintech operations.
The company also resumed interim dividend payments for the first time since 2022, aligning with earlier analyst expectations that MTN would return to dividend payouts in 2025 following its recovery from currency-related and cost pressures.
Market analysts note that insider share purchases, particularly after the release of results, are often interpreted as a signal of confidence in a company’s strategy and future performance. In MTN Nigeria’s case, the recent transactions by top executives and board members suggest internal confidence that the company’s rebound is sustainable and that further value creation may lie ahead.
For investors, the combination of stronger earnings, renewed dividends and visible insider confidence has reinforced MTN Nigeria’s position as one of the strongest performers on the Nigerian Exchange, with attention now focused on whether the company can maintain momentum into 2026.
