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    Monday, June 1
    Analysis

    MTN Nigeria Delivers 78% Return on Investment Year to Date

    Julius AlagbeBy Updated:No Comments1 Min Read
    MTN Nigeria Delivers 78% Return on Investment Year to Date

    MTN Nigeria Delivers 78% Return on Investment Year to Date

    MTN Nigeria Plc has delivered a 78% return on investment from the beginning of the year to date (YTD), according to stock recommendation data released by Afrinvest Securities Limited.

    The company’s impressive stock market performance was driven by post first quarter of 2025 earnings reaction in the stock market. Investors confidence heightened in anticipation of better earnings outlook.

    The telecom company’s share price settled at N355.90 in the equities market on Friday, its latest 52-week high price, which was at a significant distance from its lowest price in the same period.

    The telecom stock was priced at N169, its lowest valuation in 12 months, following pressures on earnings and damaged shareholders’ funds.

    MTN Nigeria has seen strong price recovery since the tariff hike in Nigeria. Though shareholders’ funds remained negative, the telecom company has raised short-term debt to meet working capital needs.

    Afrinvest Securities Limited advised investors to sell down the telecom stock on the back of an estimated 13% negative upside. MTN has surpassed Afrinvest’s 12-month target price of N309.21, suggesting the telecom company is now overvalued. CBN Defends Naira with $61 Million FX Sales to Banks

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    Julius Alagbe is a senior financial journalist and Editor at MarketForces Africa with nearly two decades of experience in finance, accounting, and economics reporting.He is one of Nigeria's most prolific financial market reporters, covering capital markets, monetary policy, corporate earnings, banking, telecoms, and macroeconomic developments across Africa.Julius has built a strong footprint reporting on Nigeria's leading corporates and financial services sector, including coverage of the Nigerian Exchange Group, Central Bank of Nigeria monetary operations, MTN Nigeria, GTCO, and major investment banking transactions.He regularly monitors the CBN’s open market operations, interbank FX markets, and equity market movements, providing readers with real-time intelligence on Nigeria’s financial landscape.His reporting draws on direct access to institutional research from firms including Moody’s Ratings, CardinalStone Securities, Fitch, and other leading African investment houses.Julius brings analytical depth and editorial rigour to every story, making complex financial data accessible to professionals, investors, and policymakers across Africa.Julius Alagbe is based in Lagos, Nigeria.

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