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MTN Nigeria Communications PLC Stock Price

NGSE:MTNN Community·₦17.4t Market Cap
  • 3 Narratives written by author
  • 19 Comments on narratives written by author
  • 234 Fair Values set on narratives written by author

MTNN Share Price Performance

₦830.00
472.50 (132.17%)
₦623.35
Fair Value
₦830.00
472.50 (132.17%)
33.2% overvalued intrinsic discount
₦623.35
Fair Value
Price ₦830.00
LiberaPartners ₦623.35
Marvellous ₦757.31

MTNN Community Narratives

Fair Value
·
Fair Value ₦623.35 33.2% overvalued intrinsic discount

MTN Nigeria Communications is set for a 30% CAGR revenue surge over 10 years

2users have liked this narrative
0users have commented on this narrative
31users have followed this narrative
Fair Value
·
Fair Value ₦757.31 9.6% overvalued intrinsic discount

I believe MTN Nigeria Communications has strong long-term potential due to its market dominance, growing data demand, and fintech expansion.

4users have liked this narrative
0users have commented on this narrative
4users have followed this narrative
₦757.31
9.6% overvalued intrinsic discount
Fair Value
Revenue
20.8% p.a.
Profit Margin
23.64%
Future PE
14.38x
Price in 2031
₦2.35k
₦623.35
33.2% overvalued intrinsic discount
Fair Value
Revenue
30% p.a.
Profit Margin
15%
Future PE
21x
Price in 2035
₦7.59k

Trending Discussion

Updated Narratives

MTNN logo

I believe MTN Nigeria Communications has strong long-term potential due to its market dominance, growing data demand, and fintech expansion.

Fair Value: ₦757.31 9.6% overvalued intrinsic discount
4 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative
MTNN logo

MTN Nigeria Communications is set for a 30% CAGR revenue surge over 10 years

Fair Value: ₦623.35 33.2% overvalued intrinsic discount
31 users have set this as their fair value
0 users have commented on this narrative
0 users have liked this narrative

Snowflake Analysis

Outstanding track record with reasonable growth potential and pays a dividend.

1 Risk
3 Rewards

MTN Nigeria Communications PLC Key Details

₦5.6t

Revenue

₦955.7b

Cost of Revenue

₦4.7t

Gross Profit

₦3.4t

Other Expenses

₦1.3t

Earnings

Last Reported Earnings
Mar 31, 2026
Next Reporting Earnings
Jul 29, 2026
63.65
83.07%
23.64%
41.8%
View Full Analysis

About MTNN

Founded
2000
Employees
2001
CEO
Karl Toriola
WebsiteView website
www.mtn.ng

MTN Nigeria Communications PLC provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria. It offers mobile telecommunications services, such as network, value added, and digital services. The company’s network services include voice, data, and short message services; value added services comprise airtime lending, mobile money, subscriber identification module back up, and voice-based services; and digital services consist of unstructured supplementary service data, interactive voice response, rich media, insurance, and e-commerce services. In addition, the company sells mobile devices and accessories, as well as provides digital, interconnect, and roaming services. The company was incorporated in 2000 and is based in Lagos, Nigeria. MTN Nigeria Communications PLC operates as a subsidiary of Mtn International (Mauritius) Limited.

Recent MTNN News & Updates

Narrative Update Jun 09

MTN Nigeria Plc – Network Investment Expansion and Tariff Sustainability Update

Overview Author: Qudus Adebara (Research Analyst, DLM Securities) MTN Nigeria Plc has disclosed that it invested approximately ₦900 billion in network expansion and maintenance in 2025 and plans to increase capital expenditure to over ₦1 trillion in 2026 , underscoring its commitment to strengthening telecommunications infrastructure and improving service quality across the country. The disclosure comes amid continued public scrutiny of recent telecom tariff adjustments, which management maintains were necessary to preserve the financial sustainability of the industry and support future network investments.
Narrative Update May 19

MTN Nigeria Plc – Fintech Restructuring & Strategic Stake Dilution

Partnering with MTN Group to Unlock Growth & Reduce Financial Exposure Analyst: Qudus Adebara (Research Analyst, DLM Securities) Transaction Overview MTN Nigeria Communications Plc has announced a strategic restructuring of its fintech business, proposing to dilute its ownership in key subsidiaries to MTN Group Limited through its fintech arm. Subsidiaries Involved: MoMo Payment Service Bank (MoMo PSB) Y’ello Digital Financial Services (YDFS) Proposed Ownership Structure: MTN Group Fintech – 60% MTN Nigeria – 40% Implied Valuation: ₦95.5 billion (debt-free, cash-free) Capital Injection: ~₦152.06 billion Structure: Two-phase transaction (investment + HoldCo creation) Regulatory Approval: Subject to Central Bank of Nigeria (CBN) Transaction Structure Phase 1: Capital Injection MTN Group Fintech to: Subscribe to new shares (primary issuance) Acquire part of MTN Nigeria’s stake (secondary sale) Phase 2: Holding Company Formation Creation of a new Fintech HoldCo Ownership split: 60% – MTN Group Fintech 40% – MTN Nigeria Strategic Context The transaction follows a ₦62.56 billion impairment recorded by MTN Nigeria on its fintech subsidiaries in FY2025, reflecting: Loss-making operations Early-stage investment profile Reduced carrying value of fintech assets Strategic Rationale 1.

Recent updates

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