Know-how shares on the Nigerian Alternate have emerged as one of many market’s brightest tales in 2025, with features as excessive as 993% for some gamers, firmly putting the ICT sector within the highlight for traders.
Masking fibre optics, laptop {hardware}, digital funds, and voice and broadband providers, these corporations have change into a serious power on the Alternate, with the mixed market capitalization of performing ICT shares leaping 58% year-on-year to N18.61 trillion in November 2025, up from N11.7 trillion in November 2024.
Their affect extends nicely past rising share costs, as these corporations present the important digital infrastructure that retains banks, producers, retailers, and repair suppliers working effectively, cementing their significance to the broader financial system.
Unfold throughout large-, mid-, and small-capitalisation segments; some of those shares additionally sit on flagship indices such because the Premium Board and the NGX 30. In consequence, their efficiency more and more shapes actions within the broader All-Share Index.
Of the 9 ICT shares on the Nigerian Alternate, seven recorded optimistic returns between 1 January and 30 November 2025, with rising market capitalisations highlighting their rising momentum.
Market cap swells
The market capitalisation progress of those seven ICT shares displays their robust efficiency, pushed by sustained share worth appreciation.
With shares excellent held largely fixed, rising costs have translated straight into greater market values.
- As of the final buying and selling day of November 2024, the mixed market capitalisation of those shares stood at N11.77 trillion.
- By November 2025, this determine had surged 58% 12 months on 12 months to a cumulative N18.61 trillion.
MTN Nigeria accounted for the biggest weight, with its market capitalisation rising from roughly N3.5 trillion a 12 months earlier to about N9.8 trillion.
Airtel Africa adopted carefully because the second largest, with a market worth of roughly N8.5 trillion from N8.1 trillion.
Among the many mid- and small-cap names, eTranzact’s market capitalisation hit N132.9 billion from N69.0 billion, whereas CWG expanded to N45.3 billion from N14.5 billion. Chams Holdings, NCR, and Omatek closed November 2025 with market values of N19.6 billion, N5.9 billion, and N3.4 billion respectively.
These features are largely pushed by rising share costs and mirror each rising market values and rising investor confidence in Nigeria’s ICT sector.
Hovering costs
Evaluating the share worth efficiency of ICT shares on the Nigerian Alternate from 1 January to 30 November 2025 reveals robust progress throughout the sector.
Main the pack, NCR (Nigeria) noticed its share worth soar 993%, rising from N5.00 to N54.65 per share. MTN adopted with a 135.3% improve, transferring from N200 to N531.70 per share, whereas CWG gained 133% to N17.95.
Different notable features included eTranzact, up 122.31% to N14.45, Chams Holdings up 61.2% to N2.95, Omatek up 60.27%, and Airtel Africa up 5.24%.
These sharp worth will increase mirror renewed investor curiosity and confidence within the ICT sector, highlighting its rising attraction on the Nigerian Alternate in 2025.
What the consultants are saying
Based on Muktar Mohammed, CEO of Asher Funding Ltd, steady macroeconomic components—akin to a gradual change price in 2025—have supplied a optimistic backdrop for the efficiency of ICT corporations.
He added that the rising impression of their providers, significantly within the banking sector, is possible attracting elevated investor curiosity.
Samuel Oyekanmi, Analysis and Perception Lead at Norrenberger Monetary Group, famous that whereas larger tariffs have boosted the profitability of some main gamers within the sector, they’ve additionally helped unfold optimistic sentiment throughout a number of mid- and small-cap ICT shares.
General, each consultants agree that ICT corporations stay extremely related in key industries, akin to monetary providers, and proceed to attract rising consideration from traders.
