Nigeria’s tech and financial sector has continued to record notable results across the stock trading, where the Nigerian Exchange (NGX) remains a core mirror for investors’ decisions and market performances. Therein, companies across banking, telecommunications and financial institutions have continued to utilise tech-driven infrastructure to drive their financial performances.
On the note above, this article highlights the top 10 tech stocks listed on the Nigerian Exchange and their associated performances. Considerably, these firms have banked on innovation, strategic growth and raising investors’ confidence to make the list.
Note: All data here are as listed on the Nigerian Exchange as of July 17, 2025. It also represents their highest trading value of the day.
1. Airtel Africa – N2,310.5/share
One of the leading telecom companies in Africa, a subsidiary of India’s Bharti Airtel, is the most priced tech company on the Nigerian Exchange with a share price of N2,310.5 per share, a constant stock over a month. With this, Airtel Africa has a market value of N8.6 trillion.
Recently, the mobile network operator revealed that it repurchased 1.9 million shares in its ongoing second tranche of its $100 million share buyback program, and the remaining ordinary shares in issue are 3.668 billion, including 7.5 million treasury shares.
The company also had a significant turnaround in its latest financial statement with profit after tax of $328 million in the fiscal year ending March 31, 2025. This represented a 468.2% surge compared to the $89 million loss in FY’24, driven by increased data usage, tariff adjustments, and cost control measures.
2. MTN Nigeria – N400/share
Leading telecom in Nigeria, MTN is the second on the list with a trading price of N400 per share. The operator, with 84.1 million as of Q1 2025, has seen its stock gain 14.2% in one month.
According to NGX, MTN Nigeria currently boasts of N8.3 trillion in market valuation, closely behind Airtel Africa.
The telecom giant recorded a significant turnaround in its financial statement, witnessing a profit after tax of N133.7 billion ($102.85 million) for the first quarter of 2025. This marked a significant recovery from a N392.7 billion loss in the same period last year. It also saw a 41% YoY revenue increase to N1.06 trillion, driven by tariff hikes.
3. GTCO – N101.1/share
GTBank’s parent company, Guaranty Trust Holding Company’s (GTCO) appearance on the list is attributed to a recent strong performance, which has boosted investors’ confidence. Currently trading at N101 per share, the company is the leading financial institution on the list.
On July 16 2025, GTCO set a record as the first banking stock under the NGX to surpass the N100/per share mark, where it went all high at N102/ per share. It is also leading as the most valuable commercial bank in Nigeria with a market valuation of N3.6 trillion.
The company recently set an impressive precedent, becoming the first Nigerian bank to be listed on the London Stock Exchange (LSE), backed by a plan to raise $100 million (N154 billion) through a fully marketed equity offering.
With its stock gaining 27.9% in the last month, it has now passed Stanbic IBTC Holdings, which is second at around N99.50 per share.
Also Read: GTCO becomes first bank to cross N100/share mark on Nigerian Exchange.
4. Stanbic IBTC – N99.50/share
Stanbic IBTC Holdings PLC, parent company of Stanbic Bank, is another financial institution on the list. With a market valuation of N1.5 trillion, the company’s stock trades at N99.50 per share on the Nigerian Exchange.
Over the past couple of weeks, the company recorded its lowest stock price at N80 per share and has experienced a brilliant run with the stock gaining 18.38% since June 11.
Stanbic IBTC Holdings PLC delivered strong financial results for the year ended 31 December 2024, driven by substantial growth across key business segments. Gross earnings surged by 78.26%, reaching N823.31 billion, while profit before tax saw a 75.70% increase to N303.80 billion.
5. Zenith Bank – N76/share
Another financial institution, Zenith Bank, is the fifth on the list and the third commercial bank. Trading at N76 per share, its market capitalisation rose to N3.12 trillion, surging by 6.1% in about two days from N2.94 trillion.
The latest feat, where it reached its all-time high stock trading at N76/share on July 17, has now made Zenith Bank the second biggest Nigerian Bank by market valuation, behind N3.6 trillion of GTCO. In addition, the company’s stock has witnessed an impressive run, gaining 55.2% from N48.50 per share in the last months on the Nigerian Exchange.
Zenith Bank Plc’s 2024 annual report showcases robust financial and operational performance with a profit after tax of N1.03 trillion and gross earnings of N3.97 trillion.
6. Nigerian Exchange Group – N68/share
On the top ten list in this review is the Nigerian Exchange Group (NGX), with stock trading at N68 per share. In a month, its highest trading stock value was N71.85 per share, and its lowest was on June 24 at N40.60 per share.
The financial institution currently boasts a market valuation of N133.5 billion and will be making efforts to regain a high stock value in the coming days.
As an African leading listing platform, it recorded strong momentum across multiple asset classes, with total market capitalisation of Nigerian Exchange-listed instruments rising by 16%, from ₦112.60 trillion in January to ₦126.73 trillion by June 2025. The growth was largely driven by equities, which increased from ₦62.76 trillion to ₦75.95 trillion.
7. UBA PLC – N50/share
Following closely behind the Nigerian Exchange is Africa’s global bank, United Bank for Africa PLC (UBA), with a share price of N50 per share. Its trading performance has been impressive over the last couple of days, with 38.8% gains.
The commercial bank, which operates across 24 countries globally, is currently valued at N2.05 trillion to stand as the 4th biggest Nigerian bank by market valuation.
In its plans to further solidify its financial position, the commercial bank plans to raise over N157 billion through a rights issue. Through its stockbrokers, United Capital Securities Limited, the company has applied for the approval and listing of a rights issue of 3,156,869,665 ordinary shares of 50 kobo each at N50.00 per share.
Also Read: Airtime for USSD: See the list of banks that have adopted the new end-user billing model.
8. First HoldCo PLC – N35.4/share
Nigeria’s oldest financial institution, First HoldCo PLC, is the eighth on the list with its stock trading at N35.4 per share. The parent company of First Bank of Nigeria has been experiencing a very flexible shift in its trading value, with frequent shifts between N26/share and N35/share over the past months.
Meanwhile, the company is valued at a market capitalisation of N1.48 trillion, and will also be aiming to regain its position as a leading banking platform in Nigeria.
In its financial statement ending 31 December 2024, First HoldCo Plc recorded a profit of N677,005 million with gross earnings at N3.2 billion, strongly attributed to significant growth in its core banking system and strategic investments.
9. Access Holdings PLC – N28.5/share
The reign of commercial banks continues on the list with Access Holdings PLC trading its stock at N28.5 per share and a market valuation of N1.51 trillion.
The Access Bank parent company managed to gain 39% over the last 30 days, where the present share price is the highest for the period.
While the bank’s listing on the Nigerian Exchange might not be impressive compared to its competitors, the bank was the first bank to meet and exceed the Central Bank of Nigeria’s ₦500 billion minimum capital requirement for commercial banks with international authorisation.
10. Fidelity Bank PLC – N22.45/share
Fidelity Bank, established in 1988, is the tenth on the list of top 10 tech stock earnings on the Nigerian Exchange. The company is currently valued at N1.12 trillion with a share price of N22.45 per share.
Ahead of the 2026 recapitalisation deadline of the Central Bank of Nigeria (CBN), Fidelity Bank has successfully raised N273 billion through a recent Public Offer and Rights Issue, which were oversubscribed by 237.92% and 137.73%, respectively.
It also intends to raise the additional sum of N200bn through a Private Placement to meet the new minimum regulatory capital requirement of N500bn for banks with international authorisation.
| Top 10 Tech stock earnings on the Nigerian Exchange | |||
| S/N | Companies | Share price | Market Value |
| 1 | Airtel Africa | N2,310.5 | N8.6 trillion |
| 2 | MTN Nigeria | N400 | N8.3 trillion |
| 3 | GTCO | N101.1 | N3.6 trillion |
| 4 | Stanbic IBTC | N99.5 | N1.5 trillion |
| 5 | Zenith | N76 | N3.12 trillion |
| 6 | NGX | N68 | N133.5 billion |
| 7 | UBA | N50 | N2.05 trillion |
| 8 | First HoldCo PLC | N35.4 | N1.48 trillion |
| 9 | Access Holding PLC | N28.5 | N1.51 trillion |
| 10 | Fidelity Bank PLC | N22.45 | N1.12 trillion |
Also Read: Hold your bank responsible for USSD double charge, ALTON Chairman says.
Overall, financial institutions occupied 80% of the list, reflecting a stronghold to lure investors to buy and sell their shares on the Nigerian Exchange. It is also a testament to the sector’s digitisation and ability to raise capital through public offerings and rights issues.
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