MTN Nigeria Communications Plc has disclosed that its Senior Manager, Financial Operations, Olugbenga Ojeranti, acquired 81,327 shares in the company for about N40.9 million.

The shares were bought at an average price of N504, as part of a wave of insider share acquisitions announced after the company released its financial results in late October 2025.

Alongside the stronger earnings performance, the insider buying appears to have supported investor confidence, pushing MTN Nigeria’s share price to N550 by mid-session on 9 January 2026.

Ojeranti acquired the shares in two tranches, purchasing 66,327 units at N503 and a further 15,000 units at N505 between 15 and 30 December 2025.

His investment follows similar moves by other MTN insiders, including non-executive director Andrew Alli, who bought 93,220 shares on 4 December, and General Manager, Financial Planning, Kolapo Olaleye, who earlier acquired 23,000 shares.

The transactions, disclosed in compliance with regulatory requirements, point to growing confidence among MTN’s leadership in the company’s outlook.

Financial market data show that MTN shares reached N550 in early January 2026, marking a month-to-date gain of 7.63 per cent.

The stock ended 2025 at N511, up from N200 at the start of the year, a 155 per cent return, driven by strong investor demand and heightened trading activity, with 806 million shares changing hands, the highest volume since 2020.

Analysts attribute MTN’s strong share performance to its financial rebound in 2025, which restored investor confidence and sentiment.

MTN Nigeria Communications Plc posted a pre-tax profit of N1.12 trillion for the nine months ended 30 September 2025, a sharp turnaround from the N713.6 billion loss recorded over the same period in 2024.

In Q3 2025 alone, the company recorded a pre-tax profit of N504.2 billion, up sharply from N37.7 billion in Q3 2024.

Total revenue for the nine months hit N3.73 trillion, with data services driving N1.97 trillion, a 73 per cent year-on-year increase, making up more than 53 per cent of overall revenue.
Voice services also posted strong growth, rising 48 per cent year-on-year to N1.19 trillion.

The gains were fueled by higher smartphone adoption, increased data usage, and the expansion of MTN’s fintech operations.