MTNN Stock Gains on Rising Investor Interest Ahead of Q1 Results
TLDR
- Investor interest in MTN Nigeria surged in April 2025, driven by optimism around a return to profitability
- On April 15, trading volume exceeded 11 million shares—its highest daily volume on record
- The stock closed at ₦245 and now ranks as the fourth most valuable on the Nigerian Exchange (NGX), with a market cap of ₦5.1 trillion
Investor interest in MTN Nigeria surged in April 2025, driven by optimism around a return to profitability. On April 15, trading volume exceeded 11 million shares—its highest daily volume on record—ahead of its Q1 earnings release on April 29.
Analysts expect price hikes of up to 50% to strengthen MTN’s margins, with Q1 poised to mark its first profitable quarter since Nigeria’s currency devaluation in 2023. The stock closed at ₦245 Tuesday and now ranks as the fourth most valuable on the Nigerian Exchange (NGX), with a market cap of ₦5.1 trillion.
MTN’s trading momentum follows its April 12 announcement of a planned public offering to reduce parent MTN Group’s stake from 76% to 65%. Execution is contingent on a profit rebound and dividend resumption. In contrast, Airtel Africa—Nigeria’s largest listed company—remains illiquid despite similar tariff hikes, impacted by a $100 million share buyback and limited daily trading.
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Points clés à retenir
MTN Nigeria’s Q1 earnings could define a critical turning point. After back-to-back losses driven by currency devaluation and ₦925 billion in FX losses in 2024, the company posted a ₦114.5 billion profit in Q4, reviving investor sentiment. MTN’s strategy—combining price adjustments, service rebranding (FibreX), and embedded financial services—reflects a broader pivot to margin recovery and network expansion. A return to profitability opens the door to a long-anticipated public offering aimed at increasing domestic shareholding and broadening market liquidity. Still, challenges remain. Inflation and rising poverty continue to pressure consumer demand. Nearly half of Nigerians now live below the national poverty line, according to the World Bank.
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