On the shut of buying and selling on August 1, MTN Nigeria has crossed the N10 trillion market cap mark.
That is because the inventory closed August 1 with a document excessive share worth of N480, to hit a market cap of N10.077 trillion. MTN Nigeria can be the second firm listed on the NGX to cross the N10 trillion mark, after Dangote Cement hit the mark in January 2024.
Learn additionally: MTN Nigeria’s net income grows 180%, hits N414.9bn in H1 2025
In January 2024, Dangote Cement hit a document excessive share worth of N763, driving it to a market cap of N12.8 trillion. On the time, Dangote Cement turned the primary Nigerian publicly listed firm to hit a market cap of $10 billion.
Learn additionally: MTNN tops premium stocks with 79% mid-year return
MTN Nigeria has maintained a bullish trajectory all through 2025, with its share worth hitting document highs by a lot of July. 12 months-to-date, the inventory has surged by 140 %, climbing from N207.80 in the beginning of the 12 months to N480 as of August 1, following a 1.69 % achieve on the day.
The rally has been fuelled by a big turnaround within the firm’s monetary efficiency. Within the first half of 2025, MTN Nigeria posted a internet earnings of N414.9 billion, a stark distinction to earlier losses. Its amassed losses have now shrunk to N193 billion, down from N607 billion in the beginning of the 12 months, elevating investor expectations of a possible dividend payout for the complete 12 months.
In greenback phrases, MTN Nigeria’s market capitalization stands at roughly $6.6 billion. Its efficiency has additionally had a constructive ripple impact on its mother or father firm, MTN Group, which is listed on the Johannesburg Inventory Alternate. The group’s market capitalization has climbed to $15.6 billion, with its inventory appreciating 69.2 % year-to-date.
