# Nigerian corporate earnings surge 2026 > Live situation record from CLSTR: https://clstr.news/situations/nigerian-corporate-earnings-surge-2026 > Updated: 2026-07-30T12:45:38.000Z. Sources: 21. Developments: 2. The earnings upswing across Nigeria’s corporate sector continued through late July 2026. MTN Nigeria Plc confirmed a 70.6 % year‑on‑year profit jump to ₦707.5 billion for H1 2026, with revenue up 29.5 % to ₦2.99 trillion and data‑service revenue rising 38.3 % to about ₦1.699 trillion. The company added 4.9 million net subscribers, bringing its base to 92.2 million, of which 55.7 million are active data users. EBITDA reached ₦1.67 trillion and free cash flow ₦712.7 billion, and the board approved an interim dividend of ₦26 per share payable on 7 September 2026, helped by a more stable naira. BUA Foods Plc posted a 12 % profit increase to ₦292.27 billion despite a 16 % revenue decline, citing higher operating margins and expansion in wheat milling, edible oils and noodles. Other key earnings were reported: the Central Bank of Nigeria recorded a group profit after tax of ₦136.44 billion for FY 2025 and will remit ₦69.45 billion to the federal government; the Nigerian National Petroleum Company posted a ₦535 billion profit for June 2026 on revenue of ₦4.389 trillion, with modest gas‑production growth and near‑completion of major pipeline projects; and Lagos State generated ₦1.67 trillion in recurrent revenue in H1 2026, reaching 90 % of its target. These results reinforce a broader pattern of earnings resilience and growth across diverse Nigerian industries amid a challenging macro‑economic environment. ## Claims - MTN Nigeria revenue for H1 2026 was ₦2.99 trillion, up 25.9 % YoY. (disputed by 5 sources) - MTN Nigeria revenue for the first half of 2026 was N2.99 trillion, up 29.5 % year‑on‑year. (disputed by 5 sources) - MTN Nigeria profit after tax for H1 2026 was ₦707.5 billion, up 70.6 % YoY. (corroborated by 5 sources) - MTN Nigeria added 4.9 million net subscribers in the first half of 2026, bringing total subscribers to 92.2 million. (corroborated by 5 sources) - MTN Nigeria's EBITDA rose to N1.67 trillion and free cash flow to N712.7 billion in the first half of 2026. (corroborated by 5 sources) - The naira stabilized at approximately N1,380 per US $, reducing foreign‑exchange costs for MTN Nigeria in H1 2026. (corroborated by 5 sources) - MTN Nigeria data revenue for H1 2026 was about ₦1.699 trillion, up 38.3 % YoY. (corroborated by 4 sources) - MTN Nigeria declared an interim dividend of N26 per share payable on 7 September 2026. (corroborated by 4 sources) - BUA Foods profit after tax for H1 2026 was ₦292.27 billion, up 12% year‑on‑year. (corroborated by 3 sources) - BUA Foods revenue for H1 2026 was ₦765.12 billion, down 16% year‑on‑year. (corroborated by 3 sources) - BUA Foods operating profit margin increased to 42 % in H1 2026. (corroborated by 3 sources) - Nigerian National Petroleum Company posted a profit after tax of ₦535 billion for June 2026, with revenue of ₦4.389 trillion. (corroborated by 2 sources) - Central Bank of Nigeria group profit after tax for FY 2025 was ₦136.44 billion and it will remit ₦69.45 billion to the federal government. (single source) - Lagos State collected ₦1.67 trillion in recurrent revenue in the first half of 2026, achieving 90% of its target. (single source) ## Timeline ### 2026-07-30: MTN Nigeria Posts 70.6% H1 Profit Rise, Declares N26 Interim Dividend MTN Nigeria posted a 70.6% H1 profit jump to N707.5 bn, revenue up 29.5% to N2.99 tn, declared a N26 interim dividend, added 4.9 m subscribers and saw data revenue rise to N1.699 tn. 19 sources. https://clstr.news/cluster/nigerian-firms-presco-plc-and-prestige-assurance-report-strong-h1-2026-profits ### 2026-07-28: Africa Prudential posts 27% earnings growth in H1 2026 Africa Prudential posted a 27% rise in H1 2026 earnings to N4.28 bn, with profit after tax up 18% to N1.59 bn, and affirmed a shift toward digital services to curb reliance on interest income. 4 sources. https://clstr.news/cluster/africa-prudential-reports-27-earnings-rise-in-h1-2026 --- Cite as: Nigerian corporate earnings surge 2026. CLSTR, https://clstr.news/situations/nigerian-corporate-earnings-surge-2026