An insider of MTN Nigeria Communications Plc, Osebi Ufot, has disposed of 8,000 shares in the telecommunications company through the Nigerian Exchange Limited (NGX).
The transaction, disclosed in a corporate filing, involved shares valued at approximately ₦6.86 million.
Ufot, identified in the disclosure as the company’s Manager of Financial Operations, carried out the transaction in Lagos on September 21, 2026.
The shares were sold in separate transactions at prices ranging from ₦857 to ₦858 per share, with the combined transaction producing an average price of about ₦857.36 per share.
Based on the disclosed transaction prices and volumes, the total consideration for the 8,000 shares was approximately ₦6.86 million.
The filing forms part of MTN Nigeria’s regulatory disclosures concerning transactions in the company’s shares by directors, executives and other designated insiders.
Insider transactions are routinely disclosed by companies listed on the NGX to provide investors with information about share dealings by individuals with access to company-related information.
The disclosure does not state why Ufot sold the shares, and the transaction alone does not establish any particular outlook for MTN Nigeria’s share price.
MTN Nigeria is one of the major companies listed on the Nigerian Exchange, with its shares actively traded by institutional and individual investors.
The company continues to publish regulatory disclosures on material developments and share transactions in accordance with applicable capital-market requirements.
