Why MTN Nigeria shares are off to a flying start in 2025

In 2025, MTN Nigeria has been one of the outstanding performers in the Nigerian Exchange, appreciating by 21 percent since the start of the year. This marks a sharp turnaround of the stock’s 2024 performance that saw it suffer a 24 percent negative return. Since December 23, MTN Nigeria’s share price has surged from N178 to close at N242 on January 9. This brings the stock within striking distance of CardinalStone’s target price of N242.62, highlighting its strong upward momentum. On January 8 and 9, MTN Nigeria recorded consecutive