MTN Nigeria and 21 Firms Post N12.1tn Profit in 2026
MTN Nigeria Communications Plc (NGX: MTNN), along with 21 other listed companies on the Nigerian Exchange Limited (NGX), reported a total profit before tax of N12.1 trillion for the nine months ending September 30, 2026. This figure represents a 35.4% increase compared to the N8.94 trillion reported during the same period in 2025.
The companies, which include sectors such as cement manufacturing and financial institutions, generated an estimated N7.6 trillion profit after tax, marking a 22.1% rise from N6.2 trillion in the previous year. Despite facing macroeconomic challenges such as insecurity and weak purchasing power, Nigeria's inflation rate eased to 14.63% as of September 2026, down from 15.15% in December 2025.
Additionally, the Naira closed at N1,331.50 against the dollar on September 30, 2026, improving from N1,478.00 a year earlier. The ongoing unrest in the Middle East has also affected global oil prices, contributing to uncertainties for Nigerian companies.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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