Revealing MTNN owners and their stake in the firm (Surprise: A Nigerian Billionaire is the largest single shareholder in the company)   


20 May 2019 : One of the most zealous listing took place last week at the Nigerian Stock Exchange ( NSE ). The market showed a positive response to the listing the following day. The African telecommunication giant MTNN listed 20.35 billion (20,354,513,050) ordinary shares at N90 per share by introduction.


The telecom behemoth joined its peers Dangote Cement Plc, FBN Holdings Plc, Zenith International Bank Plc, Access Bank Plc, Lafarge Africa Plc, Seplat Petroleum Development Company Plc and United Bank for Africa Plc on the most stringent corporate governance and listing standards of the NSE – Premium Board.


The company is now the second biggest company on the Nigerian Stock Exchange after Dangote Cement.


This calls for some digging into its shareholders and their stake in the company.


These are the largest shareholders of MTN Nigeria and their stakes


1. MTN International (Mauritius) Limited

Stake: 76.08%

Worth : N1.68 trillion


2. Stanbic IBTC Assent Management Limited

Stake: 9.64%

Worth: N213.7 billion


3. Victor Odili

Stake: 3.96%

Worth: N87.87 billion


4. Mobile Telephone network

Stake: 2.75%

Worth: N60.95 billion


5. Government Employees Pension Fund


Stake: 1.75%

Worth: N38.68 billion


6. Pascal Dozie

Stake: 1.67%

Worth: N37.07 billion


7. Sani Mohammed Bello

Stake: 1.3%

Worth: N28.87 billion


8. Babatunde Folwawiyo

Stake: 1.07%

Worth: N23.83 billion  


9. Gbenga Oyebode


Stake: 0.89%

Worth: N19.80 billion  


10. Mallam Ahmed Dasuki

Stake: 0.75%

Worth: N19.35 billion


11. Kari Olutokun Toriola

Stake: 0.005%

Worth: N100.10 million.


The listing memorandum documents which revealed these figures also stated that Mallam Ahmed Dasuki will hold an additional 25,000,000 (Twenty-Five Million) Ordinary Shares in the Company by virtue of the unwinding of the nominee arrangement while Karl Olutokun Toriola will hold 920,000 (Nine Hundred and Twenty Thousand) Ordinary Shares in the Company via a vehicle, MTN Employees Cooperative Society, by virtue of the unwinding of the nominee arrangement. 


Reporting for EasyKobo on Monday , 20 May 2019 in Lagos, Nigeria



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