MTN Nigeria Plc saw a modest gain in its market capitalization on Thursday, rising by 2.51% to N5.143 trillion on the Nigerian Exchange (NGX), driven by heightened investor activity. The telecom giant, like many others in the sector, is beginning to rebound from macroeconomic challenges largely stemming from the naira’s devaluation.
Trading data from the NGX showed MTN Nigeria’s share price nudged up from N239 to N245—marking a break from a prolonged slump that had kept the stock below that level for some time.
Despite the moderate rally, the significant trading volume was notable. A total of 5,851,356 units, valued at N1.422 billion, were exchanged during the session, helping to lift the stock’s valuation.
In its regulatory disclosure, MTN Nigeria stated, “2365 units have each been credited to some key staff.” The market is now watching closely, with expectations high for a strong Q1 earnings report.
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