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2026-07-30 13:41 UTC → 2026-07-31 09:36 UTC ·
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In The earnings upswing across Nigeria’s corporate sector continued through late July 2026, 2026. After Africa Prudential Prudential, Presco and Prestige Assurance reported strong first‑half results, MTN Nigeria Plc announced disclosed a 27% rise in first‑half earnings, 70.6 % year‑on‑year profit jump to ₦707.5 billion, driven largely by growth in its registrar business and a shift toward digital services such as KYC 38.3 % surge in data‑service revenue and mobile platforms. The company highlighted diversification away from interest‑rate dependent revenue. the addition of 4.9 million new subscribers, taking its active data user base to 55.7 million. The following day, two other Nigerian firms, Presco telecom operator also announced an interim dividend of ₦26 per share. In the food‑processing space, BUA Foods Plc and Prestige Assurance Plc, reported robust H1 2026 profits. Presco’s pre‑tax earnings reached N122.2 billion thanks to its vertically integrated oil‑palm operations, while Prestige Assurance posted a near‑doubling of pre‑tax 12 % profit rise to ₦292.27 billion despite lower premiums, a 16 % fall in revenue, citing cost control and improved underwriting. margins and expansion programmes in wheat milling, edible oils and noodles to bolster domestic food security. Together, these reports suggest disclosures reinforce a broader pattern of earnings resilience and earnings growth across Nigeria’s corporate sector during diverse Nigerian industries amid a challenging economic macro‑economic environment.