Nigerian Companies Report N6.61tn Revenue in Q1 2026

In the first quarter of 2026, 20 companies listed on the Nigerian Exchange reported a total revenue of N6.61 trillion, representing an 11.7% increase from N5.9 trillion in Q1 2025. These companies collectively posted a profit of N1.3 trillion, a 71.3% rise from N782.91 billion in the same period the previous year.

Key players included MTN Nigeria Communications PLC, which reported N1.5 trillion in revenue for Q1 2026, a 41.56% increase from N1.06 trillion in Q1 2025. CEO Karl Toriola noted the company's resilience amid geopolitical tensions and inflationary pressures.

Dangote Cement PLC recorded N1.198 trillion in revenue, a 20.4% increase from N994.66 billion in Q1 2025, while Seplat Energy PLC reported N1.16 trillion, a decline of 5.2% from N1.23 trillion in Q1 2025. Despite challenges such as double-digit inflation and high-interest rates, companies managed to adapt and maintain profitability.