MTN Nigeria says rising fuel costs could wipe $102 million off profits

MTN Nigeria has warned that rising fuel prices could affect its profitability this year, even as the country’s largest telco operator delivers record revenue growth and rebounds from last year’s currency shocks.

In its Q1 2026 results released on Wednesday, the company said it expects a 1.8 to 2.0% decline in full-year Earnings Before Interest, Taxes, Depreciation, and Amortisation…