MTN Nigeria has surged to become the most capitalized stock on the Nigerian Exchange (NGX).
As of the close of trading on July 31, 2025, MTN’s share price stood at N472, pushing its market capitalization to N9.91 trillion.
This milestone saw it displace Dangote Cement and Airtel Africa, now in second and third place with market capitalizations of N8.9 trillion and N8.7 trillion, respectively.