At the close of trading on August 1, MTN Nigeria has crossed the N10 trillion market cap mark.
This is as the stock closed August 1 with a record high share price of N480, to hit a market cap of N10.077 trillion. MTN Nigeria is also the second company listed on the NGX to cross the N10 trillion mark, after Dangote Cement hit the mark in January 2024.
Read also: MTN Nigeria’s net income grows 180%, hits N414.9bn in H1 2025
In January 2024, Dangote Cement hit a record high share price of N763, driving it to a market cap of N12.8 trillion. At the time, Dangote Cement became the first Nigerian publicly listed company to hit a market cap of $10 billion.
Read also: MTNN tops premium stocks with 79% mid-year return
MTN has been on a bullish run for most of 2025, hitting record high share prices for part of July.
More details soon…