MTN Nigeria’s 9-month cash income tax payments jump 1,271% to N295.4 billion
MTN Nigeria Communications Plc paid N295.4 billion in income tax during the nine months ended September 30, 2026, representing an increase of approximately 1,271% from N21.5 billion in the corresponding period of 2025. The post MTN Nigeria’s 9-month cash income tax payments jump 1,271% to N295.4 billion appeared first on Nairametrics .
MTN Nigeria Communications Plc paid N295.4 billion in income tax over the nine months ending September 30, 2026, a dramatic spike of around 1,271% compared to N21.5 billion in the same period last year. This significant jump, nearly 14 times greater than the previous year, underscores the company's increased tax burden. The sharp rise in tax expense mirrors a substantial increase in pre-tax profit, which grew by 59.4% to N1.80 trillion.
This surge in tax payments and expense is primarily attributed to heightened revenue, which climbed by 23.6% to N4.61 trillion, and operating profit, which increased by 38.2% to N1.99 trillion. Despite the hefty tax burden, MTN Nigeria's shares saw a 3.03% rise to close at N850 on the Nigerian Exchange, gaining N25 from the previous day's close of N825.
Written by urgent.news from Nairametrics's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
