Lagos, August 2, 2025
MTN Nigeria has become the second company in Nigeria’s capital market history to surpass a market capitalisation of ₦10 trillion, marking a historic milestone in the nation’s telecommunications and financial sectors.
At the close of trading on the Nigerian Exchange Limited (NGX) on Thursday, August 1, 2025, MTN Nigeria’s stock soared to an all-time high of ₦480 per share, pushing the company’s valuation beyond the ₦10 trillion threshold. The development underscores growing investor confidence in the telecom giant and its robust financial performance amid a challenging economic landscape.
The achievement positions MTN Nigeria alongside Dangote Cement, the only other company to have previously attained such a market cap milestone. Analysts attribute the telecom firm’s growth to its aggressive digital transformation strategy, strong data revenue, mobile money expansion, and a consistent dividend policy that has attracted both institutional and retail investors.
Market experts also cite MTN Nigeria’s ongoing 5G rollout, fintech innovations, and resilience in managing foreign exchange headwinds as key drivers of its recent rally on the NGX.
Reacting to the development, industry watchers noted that MTN’s performance reflects the increasing influence of telecom companies in Nigeria’s economy and capital market. “MTN crossing ₦10 trillion cements the telecom sector’s role as a central pillar of economic diversification and digital inclusion,” a Lagos-based stockbroker said.
The milestone further cements MTN’s status as a blue-chip stock and signals the deepening maturity of Nigeria’s equity market, which continues to attract attention from global investors despite macroeconomic challenges.
As of now, MTN Nigeria continues to consolidate its leadership position in both market value and customer base, with investors watching closely for further developments in its financial services and infrastructure rollout plans.
