BREAKING: MTN Nigeria Becomes First NGX-Listed Company to Hit ₦10 Trillion Market Cap

BREAKING: MTN Nigeria Becomes First NGX-Listed Company to Hit ₦10 Trillion Market Cap

MTN Nigeria Communications Plc is a company that has gone down in history books of the Nigerian capital market as the first publicly-listed company on the Nigerian Exchange (NGX) to hit 10 trillion market capitalization.

By the end of trading today, the share price of MTN Nigeria rose to ₦480, an 8 naira jump or 1.69 percent rise in a single day.

The milestone is indicative not only of investor confidence but also of the long term operational excellence and the strategic implementation of the company in a difficult macroeconomic environment.

One Year of Unremitting Development

The performance of the MTN stock has been out of this world:

Year-to-date (YTD): +136.00%
The 1-year growth is +148.42%.
Growth over 5 years: +300.34%

The last few months have seen the company gain momentum as in the last month, the stock has gained 32.03 percent and 88.80 percent in the last quarter and this has been as a result of good financial performance, massive network investments and investor optimism.

Market Dynamics

Best Buy Price: 480.5
Best Sell Price: 485.9
These numbers indicate a surge in demand and liquidity among the MTN shares as the institutional and retail investors keep supporting its long-term potentials.

The Strategy in Action Strategy pays off

H1 2025 financial results of MTN Nigeria showed that the service revenue had grown by 54.6 percent, EBITDA increased by 119.5 percent, and PAT had returned to profitability with 414.9 billion nairas.

The firm has pursued an aggressive capex plan of 565.7 billion naira in H1 alone that has propelled the subscriber growth, data growth, and fintech developments.

This is not shocking according to what was stated in the H1 result of the company announced on Wednesday.

The vision of the CEO of MTN, Dr. Karl Toriola to balance the company again in terms of its balance sheet and scale the digital infrastructure is evidently finding its resonance with the market.

Commenting on the financial report, Dr. Toriola said:

“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.

About

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