Modupe Kadri, Chief Financial Officer of MTN Nigeria Communications Plc, acquired 1,313,732 ordinary shares. This personal investment is valued at N1.03 billion.
The company disclosed the transaction in a regulatory filing with the Nigerian Exchange Limited. Analysts view the move as a bullish signal that leadership considers the stock undervalued.
MTN Nigeria reported a 166% surge in profit after tax for the first quarter of 2026. This acquisition follows a broader 2026 trend of insider buying across major Nigerian corporations.