Nigerian Firms Report N14.4tn Revenue in H1 2026

In the first half of 2026, ten of Nigeria's largest listed companies reported a combined revenue of approximately N14.4 trillion, marking a 36% increase from N10.59 trillion in the same period of 2025. These companies achieved a combined profit before tax (PBT) of N4.99 trillion, up 66.7% from N2.99 trillion in H1 2025.

Key sectors represented included telecommunications, cement manufacturing, oil and gas, brewing, consumer goods, and conglomerates. MTN Nigeria Communications Plc emerged as the highest revenue earner with N2.99 trillion, a 25.9% increase from N2.38 trillion in 2025.

Dangote Cement Plc followed with N2.51 trillion, a 21.4% increase, and Seplat Energy Plc reported N2.50 trillion, a 15.5% increase. Aradel Holdings Plc saw a remarkable revenue surge of 576.9% to N2.49 trillion.

MTN Nigeria's CEO, Karl Toriola, attributed growth to sustained service demand and improved operational efficiency, with data revenue rising by 38.4%.