MTN Nigeria Communications Plc said on Thursday that its Senior Manager, Financial Operations, Olugbenga Ojeranti, has purchased 81,327 shares in the company worth about ₦40.9 million, adding to a string of insider acquisitions that have buoyed investor sentiment.
In a disclosure to the Nigerian Exchange, MTN said the shares were acquired at an average price of ₦504, with purchases completed in two tranches between December 15 and December 30, 2025. Ojeranti bought 66,327 shares at ₦503 and 15,000 shares at ₦505, the filing showed.
The company noted that the transaction was carried out “in line with regulatory requirements,” and forms part of a broader wave of share purchases by senior executives following the release of MTN Nigeria’s financial results in late October.
Ojeranti’s investment follows similar moves by other top officials, including non-executive director Andrew Alli, who acquired 93,220 shares on December 4, and General Manager, Financial Planning, Kolapo Olaleye, who earlier bought 23,000 shares.
Market data showed MTN Nigeria’s stock climbing to ₦550 by mid-session on January 9, 2026, helped by improved earnings and growing confidence from company leadership. The share price is up 7.63 percent month-to-date, after closing 2025 at ₦511.
MTN shares had ended 2024 at ₦200, meaning the stock delivered a 155 percent gain in 2025, supported by strong investor demand and heavy trading volumes. Exchange data showed 806 million shares changed hands during the year, the highest annual turnover since 2020.
Analysts say the company’s financial rebound in 2025 has reversed earlier scepticism and restored investor trust, with insider buying seen as a further signal of confidence in MTN Nigeria’s outlook.
