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ICT · Radiotelephone Communications · Price, fundamentals, signals, and forward-looking context in one research view.
ICT
₦16.2T
3.2%
11.55
Current price
₦779.00
+0.6% todayUpdated 35 min ago
Open
₦774.00
Previous close
₦774.00
Day range
₦774.00 – ₦779.00
Volume
5,352,138
11.6x P/E
Awaiting filing
3.2% yield
35/100 measured
Easy to trade
Recent price movement, key market context and the latest company information.
The latest saved price history for MTNN, with its range and direction at a glance.
1 pages were reviewed. Open the update for the summary and original document.
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.
Investors usually follow MTNN for its dividend profile, valuation signal, sector position, and upcoming company events. The goal here is not just to show numbers, but to explain what they mean in plain English.
Whisone is bullish because fundamentals are solid at 71/100 while turnover is thin at 0.015%. Whisone has moderate conviction here. The final read is being balanced by the weighted scores for fundamentals, technicals, insider flow, sentiment, event flow, and liquidity.
Whisone v2 splits the read into weighted parts so the score is not just one hidden number.
Fundamentals
Growth, margins, cash flow, and valuation.
Sentiment
Market mood from flow, events, and attention.
Latest net profit
₦1.41T
TTM (2026-08-29)
ROE
202.8%
Return on equity
ROA
20.6%
Return on assets
Debt / equity
2.99
Lower is usually safer.
P/B ratio
17.43
Useful for book value support.
Dividend yield
3.2%
Current income signal.
98/100
Direction
Cautious
Main supports
Business quality and balance-sheet strength are supporting the outlook.
Valuation still leaves room versus fair value and analyst anchors.
Recent price and fundamentals refreshes improve signal reliability.
What can go wrong
Execution risk and market swings can still delay the forecast playing out.
Fair value
₦880.18
Analyst view
Buy
Analyst target
₦965.47
Forecast refresh
Updated 4h ago
Quality score
76
Growth score
80
These are the external analyst numbers and business outlook figures already synced into the company record.
Revenue this year
₦6.47T
Revenue next year
₦7.93T
EPS this year
₦70.99
EPS next year
₦88.16
Forecast dividend/share
₦13.12
Forward P/E
11.12
₦5.00
2025-11-21
Payment: 2025-11-28 | Qualification: 2025-11-20 | Yield at declaration: N/A
₦5.60
2023-08-17
Payment: 2023-08-24 | Qualification: 2023-08-16 | Yield at declaration: N/A
A plain-English reading of momentum, trend, volatility, range position, and trading participation.
RSI
24.1
Momentum is weak and the stock is in oversold territory.
Recent trend
Falling
-8.4% across the latest saved price window.
Volatility
Low
Beta is 0.47. Price has historically moved more calmly than the wider market.
52-week position
73% of range
Price is sitting around the middle of its 52-week range.
Volume confirmation
1.67x average
Trading activity is above average, giving the current move stronger participation.
Service had been suspended following a court order and a regulatory standoff between FCCPC and NCC that involved telcos, which led to weeks-long disruption.
regulatory_conditions
MTNN may move with regulatory_conditions. Confidence 95%.
NCC conditions (no exclusivity, protection of existing contracts, investment plan) aim to preserve access to tower infrastructure for competing operators across the telecom sector.
regulatory_sell-down_condition
MTNN may move with regulatory_sell-down_condition. Confidence 95%.
Nigeria's FCCPC approved the IHS takeover conditional on MTN selling down up to 30% of IHS Nigeria over time.
credit_rating
MTNN may benefit from credit_rating. Confidence 95%.
Agusto & Co. raised MTN Nigeria's long-term national rating to Aaa, citing a strong balance sheet — implying improved creditworthiness and likely easier access to funding and investor confidence.
credit_ratings
MTNN may benefit from credit_ratings. Confidence 95%.
Agusto upgraded MTN Nigeria's long-term national rating to Aaa (from Aa+), which typically improves borrowing profile and credit perception.
digital_connectivity
MTNN may benefit from digital_connectivity. Confidence 95%.
The MTN partnership to expand statewide voice and data coverage is a sector-wide expansion of ICT services and connectivity.
Sector spillover signals
infrastructure
MTNN may also move because the ICT sector may move with infrastructure. Confidence 95%.
The ICT group's infrastructure segment (data centre, network, security, storage) was the main driver of CWG's revenue growth, indicating stronger demand in ICT infrastructure.
regulatory_conditions
MTNN may also move because the ICT sector may move with regulatory_conditions. Confidence 95%.
NCC conditions (no exclusivity, protection of existing contracts, investment plan) aim to preserve access to tower infrastructure for competing operators across the telecom sector.
digital_connectivity
MTNN may also move because the ICT sector may benefit from digital_connectivity. Confidence 95%.
The MTN partnership to expand statewide voice and data coverage is a sector-wide expansion of ICT services and connectivity.
rising_data_consumption
MTNN may also move because the ICT sector may benefit from rising_data_consumption. Confidence 95%.
Article states MTN Nigeria reported a 38.3% increase in data revenue in H1 2026, highlighting commercial importance of rising mobile data demand.
FX
MTNN may also move because the ICT sector may move with fx. Confidence 90%.
Higher oil output improved fiscal revenues and foreign exchange inflows, which strengthen external buffers—supporting the financial sector's operating environment.
H1 reporting / earnings season
MTNN may also move because the ICT sector may move with h1 reporting / earnings season. Confidence 90%.
Banks and other financial services firms (e.g., Zenith Bank) will file half-year results with NGX throughout July.
consumer protection / regulation
MTNN may also move because the ICT sector may move with consumer protection / regulation. Confidence 90%.
The suit targets multiple telecommunications and pay-TV providers over industry practices (data expiry, subscription forfeiture), implying sector-wide legal/regulatory scrutiny.
earnings reporting
MTNN may also move because the ICT sector may move with earnings reporting. Confidence 90%.
Consumer-sector listed firms are included in the July H1/Q2 reporting calendar.
MTNN
MTN Nigeria Communications Plc
Price: ₦779.00
P/E: 11.55
Yield: 3.2%
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Industry
Radiotelephone Communications
Founded
2000
Employees
2,001
Exchange
NGX
Ticker
MTNN
2026-07-30
MTN NIGERIA COMMUNICATIONS PLC-NGX NOTIFICATION MTN NIGERIA INTERIM DIVIDEND NO 36
2026-07-30
MTN NIGERIA COMMUNICATIONS PLC-MTN NIGERIA H1 2026 EARNINGS RELEASE
2026-07-30
₦21B
Book value / share
44.41
