BUSINESS

MTNN’s Share Price Drops To N192.00

MTN Nigeria Plc’s share price has depreciated by 2.04% to close at N192.00 per share, taking its market capitalization to N3.90 trillion at the end of last week’s trading session.

NewsBeatng reports that the telco’s market capitalization is N864 billion, lower than that of its competitor, Airtel Africa.

MTNN Plc is the third-most capitalized company on the Nigerian Exchange (NGX).

The company released its Q3 2022 financial result, reflecting a 21.9% growth in revenue to stand at N504.8 billion for the period, from N414.05 billion, while profit after tax grew by 11.4% from N78.48 billion in H1 2021 to N87.41 billion in the current period.

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