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    Tuesday, June 9
    Analysis

    MTN Nigeria Crossed N4 Trillion Ahead of Q4 Earnings

    Olu AnisereBy No Comments2 Mins Read
    MTN Nigeria Crossed N4 Trillion Ahead of Q4 Earnings
    MTN

    MTN Nigeria Crossed N4 Trillion Ahead of Q4 Earnings

    MTN Nigeria Plc has again crossed N4 trillion market value in the equities segment of the Nigerian Exchange following a positive price movement. Over a short trading period last week, the telecom stock gained 10.54% on the back of a Santa Claus visit that lasted till Friday’s close.

    Data from the local bourse showed that MTN Nigeria share price rose to N194 from N175.5 due to increased demand boosted by earnings expectations. The positive price movement lifted its market value to N4.073 trillion on the Nigerian Exchange trading platform. This is about half of Airtel Africa Plc’s market value, its major arch rival in the Nigerian market.

    With the fourth quarter earnings around the corner, investors expect MTN Nigeria’s decision to localise deals and debts to improve its performance. The company has been borrowing from the local debt capital market to fund its working capital and meet other needs.

    In the telecom segment, MTN Nigeria has remained a category king with strong earnings and better profitability that underscore its strong market share. But it earnings performance had come under intense pressure due to huge FX losses in the past quarters.

    Still, MTN is trading at a significant discount of more than 39% to its 52-week high in the Nigerian equities market. # MTN Nigeria Crossed N4 Trillion Ahead of Q4 Earnings Ministry Seeks $2 billion Fibre Optics Funding

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    Olu Anisere is a financial and economic journalist at MarketForces Africa, specialising in African macroeconomic policy, international finance, energy markets, and continental development.He covers major multilateral institutions, including the International Monetary Fund (IMF), World Bank, and the United Nations Economic Commission for Africa (ECA), providing readers with frontline reporting on policies shaping Africa's economic trajectory.Olu has reported extensively on Nigeria's fiscal and monetary policy landscape, including CBN interest rate decisions, Nigeria's bond market, FX inflows, and the country's engagement with global financial institutions.His coverage spans IMF and World Bank Spring and Annual Meetings, African Ministers of Finance conferences, and high-level economic forums where Africa's development agenda is set.His reporting captures perspectives from Africa's most influential economic voices, including Tony Elumelu, senior IMF officials, and CBN leadership, bringing institutional insight and policy depth to MarketForces Africa's readers.Olu also covers Inside Africa — tracking economic, investment, and development stories from across the continent. Olu Anisere is based in Lagos, Nigeria.

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