Investor interest in the shares of MTN Nigeria increased sharply in April 2025. Many investors believe the telecom giant will report a profit in Q1 2025, thanks to its recent 50% price hikes. Analysts expect these new prices to improve MTN’s profit margins and show in its upcoming earnings report. The company will release its Q1 2025 financial results on April 29, just one day before its annual general meeting.
On April 15, trading volume for MTN Nigeria hit over 11 million units—the highest ever recorded for the company on the Nigerian Exchange. If MTN shows a profit, it will mark its first positive Q1 performance since the naira’s big fall in 2023, which caused massive losses. MTN’s stock plays a major role in Nigeria’s digital economy. With more than 50% market share, the company helps millions of Nigerians access mobile and internet services. Its stock performance affects investor confidence, network expansion, and future funding.
MTN Nigeria Pushes Broadband Growth and Plans Public Share Offer
To grow its home broadband business, MTN rebranded its fibre service from MTN Fibre Broadband to FibreX. This rebrand shows MTN’s plan to boost growth and keep investors interested. Investors also await the company’s upcoming public share offering, announced on April 12. MTN plans to reduce its parent company’s ownership from 76% to 65%, allowing more Nigerians to own part of the business. However, MTN said the offer depends on whether it can return to profit and restart dividend payments.
MTN Nigeria’s current market value stands at ₦5.1 trillion, making it the fourth most valuable stock on the Nigerian Exchange. During the week of April 24, it was also one of the most traded stocks. Its share price rose to ₦245, showing strong investor faith in its recovery plan. In comparison, Airtel Africa, the second-largest telecom provider and the most valuable firm on the exchange, saw low trading activity despite also increasing its prices by 50%.
Between January 17 and April 17, Airtel Africa recorded a trading volume of just 336,734 shares across 331 deals—an average of 5,345 daily shares. Its highest single-day volume was only 188,074 shares on April 7. According to Afrinvest researcher Benedict Egwuchukwu, Airtel’s stock trades less often because it is “illiquid”—meaning fewer people buy or sell it, which makes it harder to trade without affecting the price.
This low activity is also due to Airtel Africa’s ongoing $100 million share buy-back program. As Airtel buys back shares and removes them from public trading, the available stock becomes even scarcer. In contrast, MTN Nigeria remains a “liquid stock” with active buyers and sellers, making it easier for investors to buy and sell without causing big price changes.
Despite the record trading in April, MTN ranked 44th by volume on the Nigerian Exchange. For example, Fidelity Bank, the most traded stock during the same time, saw over 388 million shares change hands in one day. Still, MTN’s strong April performance suggests a growing investor belief in its recovery.
In 2023 and 2024, MTN Nigeria suffered major losses, mostly due to foreign exchange issues. In 2024, it lost ₦400.44 billion—192% more than the year before—because of ₦925 billion in currency losses. However, MTN’s total revenue grew 36% year-on-year to ₦3.36 trillion, showing strong demand for its data and digital services.
MTN ended 2024 positively, reporting a ₦114.5 billion profit in Q4. This turnaround restored investor confidence, and analysts now believe MTN is on a stable path to steady growth. Many also expect the company to resume paying dividends soon. But challenges remain, Nigeria’s rising inflation and growing poverty could reduce customer spending on telecom services. According to the World Bank, nearly 47% of Nigerians now live below the poverty line, which could affect MTN’s growth in the long run.
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5 replies on “MTN Nigeria Attracts Strong Investor Confidence”
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