MTN now most valuable company in Nigerian stock market after capitalisation hits N10trn

From FX Pain To Profit Boom: Nigerian Companies Rebound Big After Devaluation  - Thepodiummedia

In June 2023, Nigeria’s decision to float the naira marked a historic turning point in its foreign exchange regime. What followed was a steep and prolonged depreciation of the local currency the naira fell from about N460/$ in June 2023 to N1,535/$ by year-end 2024. This sharp devaluation exposed Nigerian companies to massive FX translation losses and rising interest burdens, eroding shareholder value across the NGX. The pain was widespread but …

MTN Nigeria Becomes NGX’s Most Valuable Company, Crossing N10 Trillion Market Cap - Innovation Village | Technology, Product Reviews, Business

MTN Nigeria has claimed the top spot as the most valuable company on the Nigerian Exchange (NGX), hitting a historic milestone by crossing the N10 trillion market capitalisation mark. This feat not only secures the telecom giant’s dominance on the bourse but also highlights an extraordinary turnaround for a company that was grappling with significant financial setbacks just a year earlier. As of the close of trading at the end of July 2025, MTN …

MTN now most valuable company in Nigerian stock market after capitalisation hits N10trn

MTN Nigeria’s market capitalisation has crossed N10 trillion after the telecommunications company’s (telco) share value appreciated by 16.9 percent between Monday and Friday.The telco is the second company to cross the N10 trillion mark after Dangote Cement’s valuation reached N12.8 trillion in January 2024.As of Monday, MTN’s capitalisation was N8.62 trillion, however, at the end of trading on Friday, the telco’s valuation grew to N10.07 trilli…

MTN Nigeria becomes most valuable stock on NGX, hits N9.91trn market Cap

MTN Nigeria Plc has ascended to the top of the Nigerian Exchange (NGX) as the most capitalized stock, marking a significant milestone in its recovery and growth trajectory. At the close of trading on July 31, 2025, MTN’s share price surged to N472, elevating its market capitalization to a record N9.91 trillion. This pushed the telecom giant ahead of former market leaders, Dangote Cement and Airtel Africa, which now follow with market capitalizat…