Nigeria’s Legend Internet revenue drops 19% as costs surge sharply

Legend Internet Plc, Nigeria’s first listed internet service provider, reported a sharp decline in half-year revenue thanks to rising operating costs, weaker broadband sales, and growing debt pressures.

Revenue fell 18.8% to ₦505.36 million ($368,000) in the six months ended January 2026, down from ₦622.64 million ($453,400) in the corresponding period in the previous year, according to…