MTN Nigeria dethrones Airtel as most valuable company

MTN Nigeria Communications Plc has overtaken Airtel Africa Plc as the most valuable company on the stock market as the latter emerged as the biggest loser at the end of trading on Tuesday.

The stock market rout in Nigeria deepened on the first trading day of the week after a two-day holiday for Easter, as N569.11 billion was wiped off the value of listed firms.