ICT stocks on the Nigerian Exchange
Telecoms, broadband, mobile money and IT services — the digital rails of the Nigerian economy.
Top Gainers
All ICT stocks on the NGX
| Ticker | Price | Change | Volume | Market Cap |
|---|---|---|---|---|
| AIRTELAFRI Airtel Africa Plc |
₦6,300.00 | +0.00% | 188 | ₦23.68T |
| MTNN MTN Nigeria Communications Plc |
₦844.00 | +0.00% | 57,651 | ₦17.72T |
| ETRANZACT eTranzact International Plc |
₦15.75 | +9.76% | 135,885 | ₦144.90B |
| CWG CWG Plc |
₦18.25 | +0.00% | 24,520 | ₦46.08B |
| CHAMS Chams Holding Company Plc |
₦3.60 | +0.00% | 545,122 | ₦32.40B |
| NCR NCR (Nigeria) Plc |
₦161.20 | +0.00% | 49 | ₦17.41B |
| LEGENDINT Legend Internet Plc |
₦3.40 | +0.00% | 3,579,232 | ₦6.80B |
| OMATEK Omatek Ventures Plc |
₦1.31 | +0.00% | 154,690 | ₦3.85B |
| BAPLC Briclinks Africa Plc |
₦6.25 | +0.00% | — | ₦62.5M |
About ICT on the NGX
ICT is the youngest and fastest-evolving sector on the NGX. MTN Nigeria and Airtel Africa are the two dominant names — both are listings of the West African subsidiaries of global telecom groups, and together they represent the bulk of sector market cap. Beyond the telcos, the sector includes IT services (CWG), payments and identity (Chams Holding, eTranzact), and a small set of legacy names.
The earnings drivers are mobile data growth, broadband penetration, and the rapid scale-up of mobile money via MTN's MoMo and Airtel's SmartCash payment service banks. Tower lease costs and roaming agreements are dollar-denominated, so naira weakness directly hits margins and creates large FX losses on offshore loans — both MTN and Airtel have flagged this as a major earnings drag. Long-term, the sector is the most exposed to Nigeria's demographic and digitalisation story.