MTN Nigeria Communications Plc has disclosed that one of its Non-Executive Directors, Andrew Alli, sold a portion of his shareholding in the company in an insider transaction completed earlier this month.
In a notification dated December 30, 2025, and filed with the Nigerian Exchange, MTN Nigeria confirmed that Alli disposed of 93,220 ordinary shares at an average price of ₦470.60 per share, bringing the total value of the transaction to approximately ₦43.9 million
The transaction was executed on December 4, 2025, in Lagos, and relates to MTN Nigeria’s ordinary shares with ISIN NGMTNN000002. The disclosure was issued as an amended notification, in line with NGX insider-dealing and post-transaction reporting requirements.
MTN Nigeria stated that the sale was carried out in compliance with the Exchange’s Issuers’ Rules, which require directors and other insiders to promptly disclose dealings in the shares of listed companies to ensure market transparency and investor confidence.
While insider share sales do not automatically signal negative sentiment about a company’s outlook, they are closely monitored by investors as part of broader assessments of governance standards, insider confidence, and market behaviour.
MTN Nigeria remains one of the most capitalised stocks on the Nigerian Exchange and a bellwether for the telecoms sector, with its shares actively tracked by both domestic and foreign institutional investors.
