Nigerian Companies Report N14.4trn Revenue in H1 2026

In the first half of 2026, ten major quoted companies in Nigeria achieved a combined revenue of N14.4 trillion and a profit before tax of N4.99 trillion, reflecting the positive impact of reforms initiated by President Bola Tinubu's administration. The Nigeria Revenue Service (NRS) noted that these results indicate a more stable macroeconomic environment and improved investor confidence.

This performance marks a significant increase from H1 2025, when the companies reported N10.59 trillion in revenue and N2.99 trillion in profit before tax. Key reforms introduced by Tinubu since mid-2023 include the removal of petrol subsidies, foreign exchange market reforms, and tax reforms.

MTN Nigeria led with N2.99 trillion in revenue and N1.09 trillion in profit before tax, while Dangote Cement followed with N2.51 trillion in revenue and N981 billion in profit. Seplat Energy reported N2.5 trillion in revenue and N700 billion in profit, with Aradel Holdings showing a remarkable revenue increase of 576.9% to N2.49 trillion.