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 reported a profit before tax of N360.92 billion, a 2.88% increase from N350.82 billion in Q1 2025.
FirstHoldCo Plc 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's profit before tax grew by 0.88% to N302.89 billion, while Access Holdings Plc saw a 22.2% increase to N272.21 billion.
Ecobank Transnational Incorporated reported a profit before tax of N270.24 billion, reflecting a 1.1% increase. Notably, Dangote Cement Plc 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.
Plus234Feed summary based on reporting from Daily Trust. Read the original report below.
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