• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      CBN says cryptocurrency ban in interest of Nigerians

      February 25, 2021

      Companies-in-Action

      Zenith Bank in strong operational performance as profit rises 10.4% to N230.56bn in FY20

      February 25, 2021

      Companies

      United Capital posts strong numbers as earnings rise 50% to N12.87bn in 2020

      February 23, 2021

      Finance

      CIBN revives mentorship initiative for bank workers

      February 20, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Insurance Business

      Enterprise risk management surges amid pandemic, RIMS reports

      February 25, 2021

      WORLD BUSINESS & ECONOMY

      Hyundai to recall 82,000 electric cars over battery malfunction

      February 25, 2021

      Frontpage

      Global health insurance premiums fall amid pandemic, says new report

      February 24, 2021

      Frontpage

      Insurance M&A record highest growth in Africa, Middle East in 2020

      February 23, 2021

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Oil and Gas

      REA delivers 100kW hybrid solar mini grid to Edo community

      February 25, 2021

      Oil and Gas

      OPL 310: LEKOIL engages Optimum Petroleum over CRSA agreement

      February 25, 2021

      Frontpage

      Nigeria still losing 200,000bpd crude daily as NNPC enlists army’s intervention

      February 25, 2021

      Frontpage

      Nigeria to sell 170MW electricity capacity to Togo from Calabar plant

      February 24, 2021

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      Coronation MB analysts project sharp rates rise after Nigeria recession exit

      February 25, 2021

      Analyst Insight

      How NITDA can further foster data protection compliance in Nigeria

      February 22, 2021

      Analyst Insight

      Do we need more start-ups in insurance?

      February 16, 2021

      Analyst Insight

      Naira, PMI’s and Inflation in focus

      February 16, 2021

Frontpage

MTN overtakes Dangote Cement to become NSE’s most capitalised company

August 20, 2019503 views0 comments

MTN Nigeria has become the largest company by market capitalisation on the Nigerian Stock Exchange (NSE).

At the end of trading on Monday, MTN Nigeria’s shares closed at N138.70 per share bringing the company’s market capitalisation to N2.82 trillion as against Dangote Cement’s N2.81 trillion.

Shares belonging to Dangote Cement closed at N164.5 per share.

In May when MTN Nigeria listed on the NSE, the company’s market capitalisation was N1.3 trillion leaving N782 billion margin between Dangote Cement.

The All-Share Index inched 190.60 points to 27,115.89 compared with 26,925.29 achieved on Friday.

Also, the market capitalisation which opened at N13.121 trillion rose by N93 billion to close at N13.214 trillion.

Courteville Business Solutions recorded the highest price gain of 10%, to close at 22k per share.

UACN came second with a growth of 6.67% to close at N4.80, while FCMB Group appreciated by five per cent to close at N1.68 per share.

AIICO Insurance rose by 4.92 percent to close at 64k, while Oando appreciated by 4.48% to close at N3.50 per share.

MTN’s listing on the NSE was part of negotiations with Nigerian authorities to reduce a fine of N5.3 trillion by the Nigerian Communications Commission (NCC) for misdeeds with sim card registrations by MTN.

It listed a total of 20,354,513,050 ordinary shares of MTN Nigeria at a listing price of N90.00 per share.

MTN Nigeria is the first telecommunications network provider to be listed on the NSE Premium Board.

Share on Facebook Tweet Email
TagsCapitalised stock Dangote Cement MTN
PreviousHumbled Deutsche Bank faces battle in its own backyard
NextNigeria’s migrant remittance to hit N34.8bn in 2023- PwC

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Petrol: CSOs canvass labour union’s support for deregulation
  • Lions’ Den 2021: An opportunity for promising Nigerian entrepreneurs
  • Nigeria bourse in red as selloffs in banking, consumer goods stocks see bears return  
  • African Alliance paid N967m in claims in first 40 days of 2021, MD reveals
  • REA delivers 100kW hybrid solar mini grid to Edo community

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

Global health insurance premiums fall amid pandemic, says new report

Frontpage February 24, 2021

1
2

Global stocks shrug off chaos in Washington

Frontpage January 7, 2021

3

Strong lobby on to get Brazil’s Embraer locate Africa service centre in Nigeria’s Anambra State

Frontpage February 10, 2021

4

BudgIT: FG spent N2.1trn on debt servicing in 2018

Frontpage September 3, 2019

5

Senate  approves N238bn budget for Nigeria Customs for 2020

Frontpage February 5, 2020

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.