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MTN Investors Earn N944bn In Three Months As Airtel’s Shareholders Record Zero  

April 16, 2025
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MTN Nigeria investors had much to celebrate at the end of the first quarter in 2025 compared to shareholders of their market rivals, Airtel Africa.

According to Prime Business Africa’s analysis of their stock market performance in Q1 this year, the publication gathered that MTN investors’ investment outperformed that of Airtel Africa, as the former recorded 22.5 percent appreciation in the value of their investments.

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The appreciation means MTN investors recorded a N944.80 billion combined gain within three months, indicating the telecommunications company enjoyed high patronage as the shares were bullish.

The bullish sentiment drove MTN’s share value up from N200 on January 2 to N245 on March 28, making the shares more expensive than when stock market trading started this year.

Prime Business Africa learnt that the gain also raised MTN’s market valuation from N4.19 trillion to N5.14 trillion – reducing the gap between the y’ello network and Airtel Africa’s equity capitalisation.

READ ALSO: MTN Shares: Net FX Loss Of N925bn Costs MTN Shareholders Dividends

At the start of the year, Airtel’s market valuation was N3.9 trillion more than that of MTN; however, at the end of March, the gap shrank to N2.96 trillion.

During the reviewed period, Airtel’s shareholders did not record any gain, as low interest in the company’s shares resulted in the shares trading flat in three months.

READ ALSO: Dangote Cement’s Revenue Soars, But Production Costs Rise 45% In Tandem

Consequently, Airtel’s share price closed the quarter at N2,156.90, the same value it held at the start of January, hence not providing its shareholders opportunity for profits.

Due to the lack of movement in the company’s share price, Airtel’s market valuation was static at N8.10 trillion throughout the period.

The network provider’s share has been trading flat as Airtel Africa is yet to release its full-year financial statements, which would have aided the stock market investors’ decision towards the company’s shares.

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Email: publisher@primebusiness.africa and editor@primebusiness.africa

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