MTN Nigeria Communications Plc has notified the Nigerian Exchange Limited and investing public of a share acquisition by Mrs. Eyitope Kola-Oyeneyin, one of its non-executive directors.
According to the disclosure dated May 21, 2025, Kola-Oyeneyin purchased 304,920 ordinary shares of MTN Nigeria at a unit price of ₦18.53 per share.
The total transaction value amounts to approximately ₦5,650,200, signalling confidence in the company’s long-term growth from within the boardroom. The acquisition was executed on May 20, 2025, and duly filed in compliance with regulatory requirements on insider dealings.
The development comes amid a broader recovery in telecom stocks and reinforces boardroom alignment with shareholder value. MTN Nigeria, a subsidiary of MTN Group, is one of Nigeria’s largest telecom operators with more than 70 million subscribers.
