MTN Nigeria Hits N8.18trn, Analysts Positive on Earnings Outlook
Telecommunication company MTN Nigeria Plc hit a new high in the equities market due to bargain hunting on telecom stocks ahead of the second quarter of 2025 earnings release.
The telecommunication company’s share price inched higher by 9.86% to N390, its new 52-week high, as investors’ sentiment improved following strong earnings performance in the first quarter. Trading details on MTN Nigeria showed that investors transacted 1.739 million shares valued at N640.941 million at the close of the session.
Analysts are anticipating the telecom giant will maintain a healthy earnings track record as macroeconomic indicators in Nigeria continue to improve, fueling significant revenue growth.
The market valued MTN Nigeria’s 20.995 billion shares outstanding at N8.18 trillion after breaking into a fresh 52-week high in the local bourse. Nigeria’s telecommunications sector is expected to maintain strong growth in the second half of 2025, supported by ongoing data adoption, regulatory-enabled tariff adjustments, and network investments, Zedcrest Research said in a midyear report.
Most of the operators reported earnings growth after the tariff hike approved by the Nigerian Communications Commission (NCC) in Q1 2025. Analysts said average revenue per user (ARPU) is expected to rise materially across both voice and data services.
Combined with accelerating smartphone penetration, projected to exceed 65% by year-end, the revenue outlook remains bullish, Zedcrest said in its update on the telecom industry.
Analysts also noted that operators will benefit from higher average data usage, which is expected to rise by another 10–15% in H2 2025, as consumers increase engagement with video, gaming, social media, and e-learning platforms. This will further support top-line growth across the sector. #MTN Nigeria Hits N8.18trn, Analysts Positive on Earnings Outlook CBN Cuts Treasury Bills Rates Sharply, Rejects N1trn Subscription
