MTN Nigeria's Tax Payments Surge 1,271% to N295.4 Billion

MTN Nigeria Communications Plc (NGX: MTNN) paid N295.4 billion in cash income tax during the nine months ending September 30, 2026, reflecting a remarkable increase of approximately 1,271% from N21.5 billion in the same period of 2025. This substantial rise in tax payments is attributed to a 59.4% increase in pre-tax profit, which rose to N1.80 trillion from N1.13 trillion.

The income tax expense recognized in MTN Nigeria's income statement also increased by 67.6%, reaching N630.5 billion compared to N376.3 billion in the previous year. The difference between cash income tax paid and the recognized tax expense highlights the distinction between actual payments and the tax charge against earnings.

Additionally, MTN Nigeria generated N4.61 trillion in revenue for the nine months, a 23.6% increase from N3.73 trillion in 2025. On October 30, 2026, shares of MTN Nigeria rose by 3.03% to close at N850 on the Nigerian Exchange.