MTN Nigeria has disclosed an insider share purchase of over 1.23 million shares worth about N921.8m through its employee share acquisition scheme

MTN Nigeria Communications Plc has disclosed an insider equity transaction involving the purchase of more than 1.23 million ordinary shares through its employee share acquisition scheme on the Nigerian Exchange Limited (NGX), in a move valued at approximately N921.8 million.

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The transaction, executed in Lagos on 19 June 2026, was carried out across multiple tranches as part of a structured employee investment programme designed to align staff interests with the company’s long-term performance and shareholder value.

According to a regulatory filing, the employee share acquisition vehicle accumulated a total of 1,233,299 shares at a volume-weighted average price of N747.42 per share during a single trading window.

MTN Nigeria’s Company Secretary, Uto Ukpanah, confirmed the disclosure, describing it as a regulatory requirement for transparency in insider-related transactions.

“The notification of share dealing by insiders is a regulatory compliance prerequisite. In this instance, the transaction involves the MTN Nigeria Employee Share Acquisition Scheme, which is a related party to the issuer,” she said.

The acquisition was spread across five tranches, with varying price points reflecting market conditions and liquidity considerations.

The largest tranche accounted for over 773,000 shares, highlighting the scale of the institutional purchase within the programme.

Market data showed the transaction was executed at prices ranging between N734.16 and N753.86 per share, with analysts noting that such insider-linked accumulation often signals internal confidence in a company’s financial stability and growth outlook.

Financial market observers also suggest that employee-led share purchases can provide psychological support to listed equities, reinforcing investor sentiment on the NGX, particularly in large-cap stocks such as MTN Nigeria.

The company reiterated that the transaction falls under its structured employee ownership framework, which is overseen by senior management and aligned with governance standards designed to support long-term value creation.

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MTN Nigeria continues to remain one of the most actively traded telecommunications stocks on the Nigerian Exchange, with strong institutional and retail investor participation shaping its market performance.