馃嚦馃嚞NigeriaWest Africa
MTN Nigeria's employee share scheme acquires over 1.23 million shares
via Punch Nigeria2 min read
MTN Nigeria Communications Plc's corporate employee share acquisition vehicle has purchased over 1.23 million ordinary shares from the Nigerian Exchange Limited. The transaction, valued at approximately N921.8 million, was executed across multiple trading tranches on June 19, 2026. This move aims to deepen employee asset ownership and align staff interests with corporate financial goals. Uto Ukpanah, Company Secretary of MTN Nigeria, confirmed that the purchase is a structured layout under the group鈥檚 public operational guidelines and involves the MTNN Employee Share Acquisition scheme, a related party to the issuer. The acquisition was structured across five distinct tranches to navigate market liquidity and maximize price entry points, with a volume-weighted average price of N747.42 per share. Market analysts suggest that such large-scale insider purchases by employee schemes typically provide strong psychological support for public equities, signaling internal confidence in the company鈥檚 long-term commercial balance sheet and revenue sustainability. The transactions were carried out under the Legal Entity Identifier 0292003626J3K6UG9D04.
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Meristem Family Office has launched its inaugural Nigeria Family Wealth Report 2026, aiming to help affluent families, entrepreneurs, and founders manage generational wealth preservation and multi-generational succession planning. The report, unveiled in Lagos, seeks to elevate the discussion around affluent legacies from a private family matter to a macroeconomic concern. Kemi Ojenike, Managing Director of Meristem Family Office, highlighted that the report offers insights into structural and non-financial frameworks crucial for preventing corporate stagnation across generations. She emphasized that the loss of family wealth across generational transitions poses a significant threat to national productivity and enterprise sustainability, leading to economic value loss and the stagnation or closure of businesses. A key finding indicates that a substantial portion of private fortunes in Nigeria is tied to active business operations, making them vulnerable. The survey revealed that 80 percent of families ranked their operating businesses among their top two asset holdings. Furthermore, founder dependency remains a threat to long-term scalability, with 43 percent of respondents stating that major business and wealth decisions rely almost entirely on the founder or a small group of family members. Ojenike stressed the importance of initiating succession planning before it becomes urgent, noting that conversations often begin only when founders are in their later years. The firm i
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