For the first time in its trading history, MTN Nigeria’s share price crossed the N500 mark on October 22, 2025. Two days later, it climbed even higher to N515, reaching a new all-time high on the Nigerian Exchange (NGX).
The milestone reflects renewed investor confidence in the telecom giant. Since its listing on the NGX in May 2019 at N90 per share, MTN Nigeria has gained 472 per cent in value. On a compounded basis, its annual growth rate of 33.7 per cent nearly matches the NGX All-Share Index’s 33.9 per cent growth rate over the same period.
Still, MTN’s journey on the exchange has not been without turbulence. From its N90 debut in 2019, the stock ended that year at N105. It rose another 89 per cent in 2020 to close at N169.90. In November 2021, MTN deepened its local participation through a public offer, raising N111.75 billion from retail and institutional investors.