Airtel Africa Makes History, Market Value Tops N21trn
A strong, fast-and-furious re-rating has pushed the market value of Airtel Africa Plc’s 3.758 billion outstanding shares on the Nigerian Exchange (NGX) above N21 trillion.
Airtel Africa has seen an absolute gain of about N3.8 trillion over the last seven trading sessions on the Nigerian bourse, and some investment firms have raised their target prices for the telecom stock.
This is historic for the market, and the telecom giant has won the title of most valuable company, with a valuation approaching the N22 trillion mark.
Trading data showed that the Airtel Africa share price hit a new 52-week high of N5,801.40 per share on the local bourse, as investors traded 280,523 units valued at N1.625 billion on Wednesday.
The trading volume, up more than twice the units transacted the previous day, lifted the telecom company’s market value by 10%, the maximum allowable price movement on NGX.
Airtel Africa has seen increased activity on its stock recently, reversing the usual thin trading in its historical trading record that could not move the needle.
In the last seven days, Airtel Africa’s valuation in the Nigerian stock market has increased by approximately 21%, mirroring the pattern seen in the past week, as reported by MarketForces Africa.
Trading at a 52-week high, the market value of Airtel Africa Plc.’s 3.758 billion outstanding shares closed at N21.802 trillion. Airtel Africa Plc reported an EPS growth of 210.0% year-on-year to 18.60 cents for the full year ended March 2026, driven by robust topline performance and currency gains in key markets.
The telecom company’s pretax profit surged by 114.7% to $1.419 billion in FY2026 ended in March, and after-tax profit climbed 147.9% year on year to $813 million. Airtel Africa bolstered shareholders’ wealth with a total dividend of 7.10 cents. #Airtel Africa Makes History, Market Value Tops N21trn#
