MTN Nigeria Leads with N1.80tn Profit Amid Economic Challenges
Eight major Nigerian companies reported a total pre-tax profit of N6.96 trillion for the nine months ending September 30, 2026, reflecting their earnings capacity despite economic challenges. MTN Nigeria Communications Plc (NGX: MTNN) led the group with N1.80 trillion, a 59.4 percent increase from N1.13 trillion in the same period of 2025.
Seplat Energy Plc (NGX: SEPLAT) followed with N1.34 trillion, up 52.75 percent from N878.99 billion. Zenith Bank Plc (NGX: ZENITHBANK) reported N928.8 billion, while Guaranty Trust Holding Company Plc (GTCO) (NGX: GTCO) recorded N879.9 billion.
Other companies included Access Holdings Plc (NGX: ACCESSCORP) with N667.36 billion, Aradel Holdings Plc (NGX: ARADEL) with N764.71 billion, BUA Foods Plc (NGX: BUAFOODS) with N480.52 billion, and Sterling Financial Holdings Company Plc (NGX: STERLINGNG) with N97.28 billion. Oando Plc (NGX: OANDO) and Unilever Nigeria Plc (NGX: UNILEVER) also reported improved performances, with Oando returning to profitability and Unilever increasing its net profit by 20 percent to N26.4 billion.
The results indicate the resilience of these companies rather than economic growth.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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