Nigerian Firms Achieve N3.2tn Profit in Q1 2026

In the first quarter of 2026, at least 15 Nigerian firms collectively recorded a profit of N3.2 trillion, showcasing resilience amid economic challenges. Zenith Bank Plc (NGX: ZENITHBANK) reported a profit before tax of N360.92 billion, a 2.88% increase from N350.82 billion in Q1 2025.

FirstHoldCo Plc (NGX: FIRSTHOLDCO) achieved a remarkable 72% year-on-year increase in profit before tax, rising to N321 billion from N186.47 billion in the same period last year. Guaranty Trust Holding Company Plc (NGX: GTCO)'s profit before tax grew by 0.88% to N302.89 billion, while Access Holdings Plc (NGX: ACCESSCORP) saw a 22.2% increase to N272.21 billion.

Ecobank Transnational Incorporated (NGX: ETI) reported a profit before tax of N270.24 billion, reflecting a 1.1% increase. Notably, Dangote Cement Plc (NGX: DANGCEM) recorded a profit before tax of N421.1 billion, a 35% increase from N311.9 billion in Q1 2025.

MTN Nigeria also reported strong performance with a profit before tax of N546.42 billion, representing a 169.64% increase compared to N202.65 billion in Q1 2025.