MTN Nigeria Market Cap Hits 10.8 Trillion on NGX Amid Strong Financial Performance
MTN Nigeria's market capitalization on the Nigerian Exchange Group (NGX) has surpassed 10.8 trillion, making it the third-largest capitalized stock. The company's stock price has surged to N515 per share, marking a 52-week high and a 157.5% year-to-date increase.
MTN Nigeria reported a net income of N414.9 billion in H1 2025, showing a remarkable 180% year-on-year growth. The financial turnaround was driven by strong revenue growth, leading to a surge in operating profit and a significant improvement in earnings per share.
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