MTN Nigeria Loses 8.3% Market Value As Investors Trim Shares
Yinka Olajoyetan, Lagos
MTN Nigeria Plc (Ticker: MTNN) lost 8.3% of its market value as investors trimmed shares held in the telecom company ahead of the interim dividend qualification date.
Sell pressures on the telecommunication company stock reduced its market value to N10.014 trillion, according to data obtained from the Nigerian Exchange.
The telecom company opened the trading session last week at N520.1 per share, its highest value in 52-week, but closed at N477, down by 8.3% week on week.
In 9M-2025, MTN Nigeria returned to profitability, achieving a 245% growth in profit after tax to N687 billion versus N474 billion loss after tax in the equivalent period in 2024.
Following its robust earnings performance in the period, its board of directors announced an interim dividend of N5 per 2 kobo ordinary share. The interim dividend will be paid to shareholders whose names appear in the Register of Members as at the close of business on 20 November 2025.
On 28 November 2025, dividends will be paid electronically to shareholders whose names appear on the Register of Members as at 20 November 2025, according to MTN Nigeria.
MTNN last paid a dividend two years ago, on the back of a negative equity position. However, the significantly improved earnings profile stopped the company’s dividend holiday.
According to separate analysts’ views, the interim dividend signals MTN is on track to maintain a robust payout ratio.
