Airtel Africa Plc has emerged as the top-performing large-cap stock on the Nigerian Exchange (NGX), recording a 10 per cent gain in one trading week.
The company disclosed this in a statement issued on Tuesday by its Director, Corporate Communications and CSR, Mr Femi Adeniran.
According to the statement, Airtel Africa closed the week at N3,655.70 per share, up from N3,323.40, making it one of the strongest contributors to market performance during the period.
It attributed the growth to increasing investor confidence in the company’s business fundamentals, diversified revenue streams and long-term growth strategy.
The statement noted that analysts had identified Airtel Africa as an attractive investment destination for investors seeking stable and quality stocks capable of delivering sustainable value amid prevailing macroeconomic uncertainties.
According to the company, the strong performance reflects confidence in its operational strength and strategic position within the telecommunications sector.
It added that market analysts linked the performance to Airtel Africa’s strong earnings profile, extensive regional presence and exposure to foreign currency-linked revenue streams.
“These factors have helped position Airtel Africa as a key stabiliser on the NGX at a time when investors are becoming increasingly selective in deploying capital,” the statement said.
The company said the performance highlighted the growing role of telecommunications firms in driving economic growth and digital transformation across Africa.
It said Airtel Africa continued to invest in network expansion, digital services, enterprise solutions and financial inclusion initiatives aimed at improving connectivity and creating economic opportunities across the continent.
The statement added that the company was strengthening its market position through investments in digital infrastructure, mobile financial services and technology-driven solutions that support businesses, governments and communities.
According to the company, rising demand for connectivity and digital services across Africa has made such investments increasingly important.
It stated that Airtel Africa’s latest market performance underscored investor confidence in its ability to create sustainable value for shareholders while advancing innovation, connectivity and inclusive growth across Africa.
The company added that, with telecommunications remaining a critical enabler of economic development, its strong showing on the NGX reflected its continued momentum and leadership within the sector.
