An insider at MTN Nigeria Communications Plc has offloaded a portion of their equity holding in the telecom giant, executing a multi-million-naira share divestment through the floor of the Nigerian Exchange Limited.
The transaction underscores the continuous enforcement of corporate disclosure rules mandated by capital market regulators to preserve market transparency and investor confidence across listed firms on the local bourse.
According to an official notification of share dealing filed with the exchange, the Manager of Financial Operations at MTN Nigeria Communications Plc, Osebi Ufot, sold an aggregate of 8,000 ordinary shares on September 21, 2026.
The divestment was carried out in Lagos across multiple price tranches, “including 7,854 shares at N858.00, 26 shares at N857.00, and 120 shares at N857.10, yielding an aggregated weighted average price of N857.36 per share and bringing the total transaction value to N6,858,880.”
In a regulatory statement issued to confirm the statutory insider filing on behalf of the telecommunications operator, the Deputy Company Secretary, Obafunmilayo Willoughby, stated, “Notification of Share Dealing by Insiders.”
