Technology stocks on the Nigerian Exchange (NGX) have emerged as one of the standout performers in 2025, attracting significant investor attention. Some ICT stocks recorded gains of up to 993%, placing the sector firmly in the spotlight. Covering areas from fibre optics and computer hardware to electronic payments and broadband services, these companies are becoming central players in Nigeria’s financial markets.
The collective market capitalization of top-performing ICT stocks jumped 58% year-on-year to N18.61 trillion in November 2025, up from N11.77 trillion in the same month of 2024. MTN Nigeria and Airtel Africa were the largest contributors, with MTN’s market value soaring from roughly N3.5 trillion to N9.8 trillion and Airtel Africa rising to N8.5 trillion. Mid- and small-cap firms like eTranzact and CWG also saw substantial growth, reflecting the sector’s broad momentum.
Beyond share prices, these companies play a critical role in powering Nigeria’s economy. Their infrastructure supports banks, manufacturers, retailers, and service providers, making them indispensable to the country’s digital ecosystem. This increasing influence also affects broader market indices, including the NGX 30 and Premium Board, as ICT stocks help shape overall market movements.
Share price performance tells a similarly impressive story. NCR led the sector with a 993% surge, climbing from N5.00 to N54.65 per share. MTN followed with a 135.3% increase, CWG gained 133%, and eTranzact rose 122%. Even smaller players such as Chams Holdings and Omatek posted double-digit growth, signaling strong investor confidence across the board.
Experts attribute the sector’s rise to stable macroeconomic conditions, including a steady exchange rate, and the growing importance of ICT services in industries like banking. “The sector’s relevance in key industries continues to attract investor interest,” said Muktar Mohammed, CEO of Asher Investment Ltd. With sustained growth and rising market caps, ICT stocks are expected to remain a major driver of the Nigerian Exchange in 2026.
source: nairametrics