MTN and Dangote Cement Lead Nigeria's H1 2026 Revenue

In the first half of 2026, Nigeria's top 30 listed companies generated significant revenue, with MTN Nigeria leading at N2.993 trillion, followed by Dangote Cement at N2.513 trillion and Seplat Energy at N2.502 trillion. MTN Nigeria, the largest telecommunications company in the country, experienced robust growth due to resilient demand for its mobile voice, data, and digital services.

Dangote Cement, the largest cement producer in Nigeria, benefited from strong demand and pricing, achieving a profit after tax of N638.5 billion, a 22.7 percent increase. Seplat Energy, focused on oil and gas exploration and production, maintained its position as a major revenue generator.

Aradel Holdings Plc, with a revenue of N1.762 trillion, saw a remarkable 577 percent increase, attributed to an expanded asset portfolio and improved oil and gas prices. The performance of these companies underscores their ability to navigate a challenging economic environment.