MTN Nigeria Market Value Surges N93.6 Trillion Post Reclassification
Following Nigeria's reclassification from an unclassified frontier market by FTSE Russell on April 7, 2026, MTN Nigeria Communications Plc and 12 other companies experienced a significant market value increase of N93.6 trillion. As of April 17, 2026, MTN's market valuation appreciated by N1.36 trillion, closing at N17.32 trillion with a stock price of N825.00 per share, reflecting an 8.55% increase.
The company reported a profit of N1.7 trillion for the 2025 financial year, marking a 408.2% increase from a loss of N550.3 billion in 2024, with revenues reaching N5.2 trillion, a nearly 55% increase from the previous year. Other companies like BUA Foods and Dangote Cement also saw substantial gains.
The Nigerian Exchange Group, led by CEO Temi Popoola, emphasized the importance of market infrastructure and investor access in sustaining this momentum and improving market classification.
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