As the first publicly traded company to reach a ₦10 trillion market capitalisation on the Nigerian Exchange (NGX), MTN Nigeria Communications Plc has cemented its place in the annals of the Nigerian capital market.
The share price of MTN Nigeria jumped to ₦480 at the end of trading today, representing a gain of 1.69% or ₦8 for the day. This accomplishment shows the MTN’s continued operational excellence and strategic execution in a difficult macroeconomic climate, in addition to investor confidence.
The performance of MTN’s stock has been outstanding:
- YTD (year to date): +136.00%
- Growth in a year: +148.42%
- Growth over 5 years: +300.34%
Continuing, strong financial results, aggressive network investments, and rekindled investor optimism have propelled the company’s momentum in recent months, as evidenced by its 32.03% increase in the last month and its 88.80% growth over the last quarter.
Market Dynamics
- Best Buying Price: ₦480.5
- Best Selling Price: ₦485.9
These numbers show that institutional and retail investors are still supporting MTN’s long-term prospects, which has increased demand and liquidity for the telecom giant’s shares, BrandSpur telecom and information news desk reports.
According to the telecom giant’s H1 2025 financial results showed a return to profitability with ₦414.9 billion PAT, a 119.5% increase in EBITDA, and a 54.6% increase in service revenue. Subscriber growth, data expansion, and fintech innovation have been fueled by the company’s aggressive capital expenditure strategy, which totalled ₦565.7 billion in H1 alone. This is not shocking given the company’s H1 results, which were made public on Wednesday.
However, the market is responding favorably to MTN CEO, Dr. Karl Toriola’s plans to rebuild the company’s balance sheet and expand its digital infrastructure. He offered the following commentary on the financial report: “We are excited by the progress made in the first half of 2025, reflecting the successful execution of the strategic priorities we previously communicated to the market. Building on the momentum from the first quarter, we delivered strong growth in service revenue for the period under review. This was driven by robust demand for our services, proactive customer value management and price adjustments, mainly in Q2. In reinforcing this growth, we accelerated investment in our network to enhance capacity, coverage and quality of experience.
“We also continued to execute efficiency initiatives to further accelerate the recovery of our profitability. In light of the strong momentum in our business… and we remain firmly on track to restore our balance sheet to a positive net asset position by the end of Q3.”
It is expedient to know that more than just a business victory, this ₦10 trillion valuation is a reflection of Nigeria’s changing capital market. The popularity of tech-driven, dividend-paying stocks and the growing influence of telecoms on Africa’s digital economy are reflected in MTN’s rise.
As MTN Nigeria keeps growing its infrastructure, data, fintech, and mobile presence, investors are placing bets on a future in which connectivity drives innovation, inclusion, and commerce.
