MTN Nigeria Invests in Top Talent with Share Vesting Program

MTN Nigeria has taken a significant step toward employee retention and performance by vesting 1.3 million shares to 33 of its top executives. This initiative, part of the company’s Performance Share Plan (PSP), aims to incentivize and reward employees contributing to MTN Nigeria’s ongoing success. Vesting allows employees to gradually acquire ownership over company shares over a pre-determined period. The vesting plan targets employees at levels 3, 4, 5, and 6, with vesting occurring after three years. This move underscores the company’s commitment to aligning employee interests with long-term shareholder value, especially during a challenging financial year for MTN Nigeria.