MTN NIGERIA COMMUNICATIONS PLC (MTNN) Stock

[Admin]

Company Name: MTN NIGERIA COMMUNICATIONS PLC (MTNN)
Ticker: MTNN
Market Classification: Premium Board
Sector: ICT
Sub Sector: Telecommunications Services
Nature of Business: Telecommunication Services
Company Address:
Telephone:
Fax:
Email:
Auditor:
Registrar:
Company Secretary:
Date Listed: May 16th 2019
Date of Incorporation: November 8th 2000

Trading Information
Trading Name: MTN NIGERIA COMMUNICATIONS PLC (MTNN)
Ticker Symbol: MTNN
Sector: ICT
Sub Sector: Telecommunications Services
Market Classification: Premium Board
Market Cap (Mil.): 2,065,983,074,575.00
Shares Outstanding (Mil.): 20,354,513,050

 

[Admin]

This company should be higher than it is now in prices. They are making money, MTN Stock should be more rewarding.

 

[Adewale Stock]

I remember making this statement about MTN never dropping below N200 this year.

Around December, it was N169-N171 and today its closing for N227..

Those who bought it at PO or around N169-N171 should be smiling to the bank now

 

[Adewale Stock]

MTN Nigeria Communications Plc yesterday issued a historic N127 billion Series 1 & 2 Commercial Paper (CP) under its registered N150 billion programme.

The issuance consisted of two tenors - a 184-day series issuance priced at a 7.50% yield and a 254-day Series 2 issuance priced at an 8.50% yield.

According to the telecommunication giant, the issuance was in line with its strategy to diversify financing options, with the proceeds being deployed towards working capital and general corporate purposes.

Speaking at signing ceremony in Lagos yesterday, the Chief Executive Officer, MTN Nigeria Communication, Mr Karl Toriola explained that the N127 billion CP issuance would go into the record books as the largest CP issuance in Nigeria.

 

[Adewale Stock]

That stock wants to close this year over N250-N300,
If it keeps expanding its project and churning good report for the year.

A better dividend ahead

the stock closed at N249 todah.

 

[LagosPolice]

Mtn is going for 248. GT to buy?

 

[LagosPolice]

The Central Bank of Nigeria (CBN) has approved a mobile banking license for South African telecom MTN, allowing it to operate as Momo Payment Service Bank Limited (Momo PSB), according to a Monday (April 11) Ripples Nigeria report citing a statement from the bank signed by company secretary Uro Ukpanah.

The MTN statement doesn’t provide a date for the mobile banking license to take effect.

“The date of commencement will be communicated to the CBN in accordance with its requirements,” according to the statement.

In the guidelines published on its website, CBN said the key objective of issuing PSB licenses is “[t]o enhance financial inclusion in rural areas by increasing access to deposit products and payment/remittance services to small businesses, low-income households and other entities through high-volume, low-value transactions in a secured technology-driven environment.”

Nigeria is MTN’s largest market, and the new license is expected to give the company access to a market of millions of financial services customers as it competes with traditional banks and point of sale (POS) operators. Last year saw MTN’s mobile money transactions rise 57% to $24 billion.

Read more: Telecom MTN Looks for Investors in FinTech Unit

In March, MTN said it was looking for minority investors for its FinTech unit after separating it from its traditional business to capitalize on the division’s growth.

MTN — the largest mobile phone company in Africa — is set to finish the separation by the end of June, with a similar project involving its fiber network division set to conclude next year.

“We will be working on bringing strategic equity partners into the FinTech business during the second part of the year that can help us accelerate the growth of this business,” CEO Ralph Mupita said at the time.

Earlier this year, PYMNTS named MTN’s Ayoba — considered Africa’s first super app — as one of three telco-driven apps to watch in 2022.

 

[Admin]

This stock will reach N300 or more by the year end and will not be shock.


They have much in stock. You can see AIRTEL and DANGOTECEMENT moving in tandem