Nigerian Tech Stocks Soar 139% YTD, Outperforming Market
Nigerian tech stocks have experienced a remarkable surge in 2025, with an average year-to-date gain of 139%, surpassing the NGX share index's 40.9% gain. Companies like NCR Nigeria, Etranzact, CWG PLC, MTN Nigeria, Cham Holdings, and Omatek Ventures have seen substantial increases in their stock values.
This growth is attributed to increased investor interest in ICT firms, driven by digital infrastructure investments and the country's ongoing digital transformation. The sector's rally underscores a shift towards growth-oriented investments in Nigeria's evolving tech ecosystem.
Plus234Feed summary based on reporting from Business Day. Read the original report below.
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