MTN Nigeria insider sells stake through NGX
An insider at MTN Nigeria, Osebi Ufot, has sold 8,000 shares valued at N6.8m on the Nigerian Exchange, according to a corporate disclosure. Read More: https://punchng.com/mtn-nigeria-insider-sells-stake-through-ngx/
A senior executive at MTN Nigeria Communications Plc has sold a portion of their shares in the telecommunications company through the Nigerian Exchange Limited (NGX), in compliance with corporate disclosure regulations. Osebi Ufot, the Manager of Financial Operations at MTN Nigeria, offloaded 8,000 ordinary shares on September 21, 2026.
The transaction took place in Lagos at multiple price points, resulting in an average cost of N857.36 per share and a total transaction value of N6,858,880. MTN Nigeria confirmed the insider filing, emphasizing the importance of transparency and investor confidence in the market. The stock sale occurs during a challenging period for Nigeria's telecom sector, grappling with economic headwinds, energy costs, inflation, and forex volatility.
As the dominant mobile network provider and one of the most capitalized equities on the NGX, MTN Nigeria adheres to strict post-listing rules requiring insiders to report changes in their shareholdings promptly.
Written by urgent.news from Punch Nigeria's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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