MTN Nigeria Accelerates Shift to Gas Energy
- Cost Savings: MTN Nigeria's shift to gas-powered Independent Power Producer (IPP) solutions has resulted in a significant cost saving of approximately N8.5 billion, with gas alone contributing N8.1 billion, highlighting the company's proactive steps to reduce reliance on high-cost diesel.
- Renewable Energy Initiatives: In 2025, MTN plans to implement energy efficiency initiatives and deploy onsite renewables across key facilities, aiming to reduce greenhouse gas emissions and align with Sustainable Development Goal 13, reflecting the company's commitment to environmental responsibility.
- Diesel Dependency: Despite gas accounting for 23.63% of MTN's energy mix, 58.11% of its operations still rely on diesel, indicating challenges in reducing diesel dependence, especially with diesel prices soaring to N2,000 per liter.
- Project Zero Initiative: MTN allocated N10.1 billion in 2025 for its Project Zero initiative, focusing on reducing greenhouse gas emissions and diesel reliance, having installed 229 integrated renewable solar-powered rural telephony sites, demonstrating its commitment to environmental sustainability.
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Technical Analysis for GAS
Technical Sentiment Analysis for Gas (GAS). As of , Gas (GAS) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for GAS stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, GAS is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Gas (GAS) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.46 | 1.519 | 1.574 | 1.633 | 1.688 | 1.747 | 1.802 |
| Fibonacci | 1.519 | 1.562 | 1.589 | 1.633 | 1.676 | 1.703 | 1.747 |
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