MTN Nigeria shares this week pierced through the N500 level amid a bullish run that has seen its shares pop 24% in a month.
MTN shares closed trading on the NGX on Friday at N515 per share. It’s an impressive run for a stock which was trading at N188 per share just one year ago.
MTN Nigeria Plc has overcome its FX related headwinds and revenue has been rising due to a 50 percent tariff windfall. The Telco giant will pay dividend to its shareholders next year as profit is expected to hit N1.1 trillion, according to research house Chapel Hill Denham Limited.
The largest Nigerian telecommunications provider reported a profit after tax (PAT) of N414.9 billion in the first half (H1) of 2025, marking a strong recovery from the loss after tax of N519.1 billion recorded in the prior H1 2024 period.
A stable currency helped reduce foreign exchange loss to N5.23 billion in June 2025, compared to N887.68 billion as at June 2024.
The shares are relatively attractive and trading at a price to earnings (P/E) ratio of 20 times.
MTN Nigeria is valued at N10.8 trillion ($7.2 billion). It is the third largest listed company in Nigeria as at October, 24, 2025 with the first and second being BUA Foods and Dangote Cement.
Follow the MoneyCentral Nigeria channel on WhatsApp: Click here!
