MTNN Plc share price gained a total of 1.21% in today’s trading session, from a close price of N206 during the previous trade session to N208.50 today.
This comes after the Central Bank of Nigeria (CBN) announced in the early hours of the day that it has granted the final approval of its Payment Service Bank – MoMo PSB.
The Telecommunications service provider has shown its interest in the financial services sector after it proposed the approval of a license for the MoMo PSB in November 2021 and the CBN approved and granted an “Approval in Principle (AIP) to operate as Payment Service Banks” in November 2021.
The MTNN shares traded at its lowest price of N206.50 and its highest price at N208.50, with 4,999,451 shares exchanging hands at the exchange floor valued at N1.03 trillion. Presently, MTNN has a market capitalization of 4.243million and shares outstanding of 20.354 million.
What you should know
MTNN Plc has released its Audited 2021 financial results for the period ended 31 December 2021, reporting a profit of N298,654 million , representing a 45.5% growth year on year compared to the same period in 2020.
Earnings per share was recorded as N14.67 in 2021 against N10.08 recorded in the corresponding period of 2020.
The company proposed a final dividend of N8.57 in 2021, a 45.3% change from N5.90 proposed in 2020.
MTNN was named the best tax complaint organization in Nigeria by the Federal Inland Revenue Service (FIRS) during the National Tax Dialogue Event that took place in Abuja on the 29th of March 2022.