Prime Business AfricaMTN shares outperformed Airtel in the Nigerian stock market in the second quarter (Q2) of 2025, according to Prime Business Africa’s analysis.
PBA gathered that MTN share price rose by 45.91 percent between April 3 and June 30, after stock market investors bullish sentiment pushed the value of each share from N245 to N357.50 kobo.
Join our WhatsApp ChannelAs a result of the N112.5 kobo increase in MTN’s share price, the shareholders of the company recorded a combined gain of N2.36 trillion within three months.
It also raised MTN’s market valuation in the second quarter from N5.14 trillion to N7.50 trillion during the same period under review, according to Prime Business Africa’s analysis.
The 45.91 percent gain recorded by MTN shareholders overshadowed the 7.12 percent investment increase registered by Airtel Nigeria’s shareholders, PBA gathered.
This represents a N577.25 billion combined gain for Airtel Nigeria’s shareholders within April and June, when the company’s share price increased by N153.6 kobo.
Airtel Nigeria’s share price had started the quarter in review at N2156.90 kobo per share, but closed the second quarter at N2310.5 kobo per share.
The increase led to the market valuation of Airtel Nigeria rising from N8.10 trillion to N8.68 trillion during the period under review.
Prime Business Africa is a business, economy and policy news platform founded in 2021 by veteran journalist and media scholar, Dr Marcel Mbamalu, after he left The Guardian as Editor.
Dr Mbamalu, who serves as Founder and Publisher, set up Prime Business Africa to deliver sharp, data-driven reporting on Nigeria’s markets, trade, investment, and governance trends for decision-makers, entrepreneurs, and policy leaders.
He also writes The Bottom Line, a backpage column for Punch Newspaper every Thursday.
Under his leadership, Prime Business Africa combines deep newsroom experience with a focus on accountability journalism, aiming to bridge information gaps between Africa’s private sector and the global economy.
