MTN Posts N355.5bn Q1 Profit

MTN Nigeria reported a profit after tax of N355.5bn in the first quarter of 2026, up 165.9 per cent year-on-year.

In its unaudited results released on Wednesday, the telecom operator, however, noted that it expects a 1.8 to 2.0 percentage point decline in full-year Earnings Before Interest, Taxes, Depreciation and Amortisation margins if diesel prices average N2,000 per litre in the second…