MTN Nigeria Communications stock reports 70.60 percent profit growth

MTN Nigeria Communications stock (ISIN NGMTNN000002) was last quoted at NGN 863.00 on the Nigerian Exchange on September 27, 2026, leaving the shares 5.68 percent below their 52-week high of NGN 915.00. The latest operating picture is stronger: Infohub Facts reported that first-half 2026 profit after tax rose 70.60 percent to NGN 707.5 billion.

Profit growth resets the baseline

The six months ended June 30, 2026, brought NGN 3.00 trillion in service revenue, up 25.90 percent year over year, according to Infohub Facts. Earnings before interest, tax, depreciation and amortization increased 39.20 percent to NGN 1.67 trillion, while the margin expanded 5.30 percentage points to 55.90 percent.

Data is the clearest growth engine in the reported mix. Data revenue increased 38.40 percent to NGN 1.70 trillion, active data users reached 55.7 million and total subscribers rose 8.90 percent to 92.2 million, Infohub Facts reported.

Dividend and analyst target

MTN Nigeria paid an interim dividend of NGN 26.00 per share on September 7, 2026, after the board approved the distribution for the first half, according to Infohub Facts. The payout gives the earnings recovery a direct shareholder return component.

Investing.com lists an average 12-month analyst target of NGN 989.85, compared with the NGN 863.00 reference price. That target lies 14.70 percent above the stock price, while the published high and low targets are NGN 1,079.79 and NGN 786.82.

Stock remains below yearly high

MTNN had a market capitalization of NGN 18.1 trillion on September 27, 2026, and its 52-week range was NGN 422.00 to NGN 915.00. The NGN 863.00 reference price therefore sits 5.68 percent below the yearly high, a useful gauge for investors weighing strong earnings against the stock's recent valuation.

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