MTN Nigeria has surged to turn into probably the most capitalized inventory on the Nigerian Trade (NGX).
As of the shut of buying and selling on July 31, 2025, MTN’s share value stood at N472, pushing its market capitalization to N9.91 trillion.
This milestone noticed it displace Dangote Cement and Airtel Africa, now in second and third place with market capitalizations of N8.9 trillion and N8.7 trillion, respectively.
The share value has greater than doubled from N200 firstly of the yr to N472, including N5.71 trillion (roughly $3.68 billion) in market worth inside seven months.
MTN’s ascent displays renewed investor sentiment, underpinned by constant income progress, strategic growth in knowledge providers, and efficient administration of earlier operational and macroeconomic challenges.
In its Q2 2025 financials, MTN Nigeria reported a pre-tax revenue of N419.61 billion, a big turnaround from a pre-tax lack of N179.60 billion in the identical interval of 2024.
This adopted a N202.63 billion pre-tax revenue in Q1, bringing H1 2025 pre-tax revenue to N622.24 billion.
This marks the third consecutive quarterly revenue for the telecom big after a turbulent interval in 2023 and 2024, which was marred by steep overseas change losses and elevated finance prices as a result of naira devaluation.
Past profitability, MTN recorded steadiness sheet enhancements:
If the corporate maintains its present run charge—averaging about N183.72 billion in quarterly post-tax earnings—retained losses may very well be absolutely erased in Q3 2025.
This might mark MTN Nigeria’s return to optimistic fairness for the primary time since 2022.
Investor confidence in MTN Nigeria has not solely returned however has additionally strengthened considerably in 2025. After shedding N1.17 trillion in market worth in 2024—a 24.24% decline—MTN has mounted a formidable rebound.
The corporate’s share value climbed from N200 firstly of the yr to N245 by the top of Q1 2025, lifting its market capitalization to N5.14 trillion. The rally continued in Q2, with the inventory reaching N357.50 and a valuation of N7.51 trillion. As of July 31, 2025, MTN Nigeria’s share value hit N472, inserting its market capitalization at N9.91 trillion—the very best on the NGX.
This upward trajectory displays rising investor confidence within the firm’s fundamentals, profitability restoration, and long-term outlook. MTN’s resurgence not solely marks a private turnaround story but additionally indicators broader market optimism and the re-rating of high quality shares amid Nigeria’s evolving macroeconomic panorama.
As the corporate regains its {financial} footing and edges nearer to wiping out retained losses, traders look like betting that MTN Nigeria is well-positioned for sustained progress and worth creation within the coming quarters.
