MTN Nigeria Communications has reported a first-half 2026 profit of N1.09 trillion, marking a 75.4% increase from the same period last year.
The robust financial performance underscores the resilience of the telecom operator amid broader economic headwinds in Africa’s largest economy.
87%. This move signals strong confidence from one of Nigeria’s most prominent investors in the telecom giant’s future growth trajectory.
The earnings release coincides with a significant shift in ownership structure.
Femi Otedola, through his investment vehicle First HoldCo, has acquired an additional N222.2 billion worth of shares, raising his total stake in the company to 25.87%.
This move signals strong confidence from one of Nigeria’s most prominent investors in the telecom giant’s future growth trajectory.
MTN Nigeria and Zenith Bank have been leading the Nigerian Exchange’s first-half earnings season, setting a positive tone for corporate performance across the market.