MTN Nigeria’s share price surges to an all-time high of N783

MTN Nigeria shares have surged to an all-time high of N783 per share on Monday following the company’s historic posting of N1.1 trillion profit after tax for the year ended 31 December, 2025.

The latest development has now broken its own record set on February 19, when the telco’s share price on the Nigerian Stock Exchange (NGX) was priced at N780 per share. The rise came amid investors’ optimism about the MTN Nigeria parent company’s (MTN Group) $6.2 billion acquisition of IHS Towers.

The telco has now delivered a 196.36% change over the past year, with a 52-week range between N230.00 and N783.00.

On the exchange, MTN’s share price initially fell by N20 to N760 on February 24 and traded at that value until February 27. From N760, it rose by N23 to N783 as of the close of the trading period on Monday, signalling renewed momentum following its significant earnings result.

With the stock gaining 2.03%, market capitalisation climbed to N16.440 trillion from N16.376 trillion, with an outstanding share of 20.995 billion shares.

Also Read: MTN Group to report over 300% increase in 2025 earnings.

Investors’ confidence in MTN 

Recent developments in the telecom company’s shares show renewed investor confidence in the company’s ability to generate future gains.

The proposed agreement to acquire IHS Tower will see MTN take control of the tower infrastructure company’s full stake. While the merger was described as a strong combination set to power digital infrastructure platforms, investors see the telco as a strong market force.

The acquisition allows MTN to buy back towers it sold to the company. It also presents direct control over tower rollout for 4G and 5G networks, reducing reliance on the leasing model and strengthening earnings through lease payments.

Meanwhile, analysts have raised potential short-term leverage concerns if the deal is financed through debt. However, they foresee the telco strengthening earnings in the long run with full ownership of IHS Towers.

Aside from the acquisition by the group, MTN Nigeria showed a rebound in its earnings. The telco regained investors’ confidence by climbing 377.9% from a N400.4 billion loss in 2024 to a N1.1 trillion profit after tax in 2025.

The result shows how the company has spent the last 12 months strategising its operations. The strong margin has now restored the company’s retained earnings and shareholders’ equity.

MTN Nigeria saw its service revenue increase by 55.1% to N5.17 trillion, fueled by data and voice revenue with N2.8 trillion and N1.9 trillion, respectively. Total subscribers surged by 7.9% to 87.3 million during the year, while active data users increased by 11.6% to 53.2 million.

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