MTN now most valuable company in Nigerian stock market after capitalisation hits N10trn
[NigerianEye - Nigeria] - 2/08/2025
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 trillion, representing an increase of N1.45 trillion within five days.The growth was driven by strong demands for MTN’s shares, as the company’s share (…)
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