{
  "id": 17724299,
  "title": "22 Firms Report N12.1tn PBT in 9 Months Despite Macro-economic Headwinds",
  "url": "https://urgent.news/2026/11/02/22-firms-report-n12-1tn-pbt-in-9-months-despite-macro-economic",
  "topic": "world",
  "section": "World",
  "published": "2026-11-02T01:36:00.000Z",
  "source": {
    "name": "This Day",
    "slug": "this-day",
    "url": "https://www.thisdaylive.com/2026/11/02/22-firms-report-n12-1tn-pbt-in-9-months-despite-macro-economic-headwinds/"
  },
  "original_language": "en",
  "account": "Despite economic challenges, 22 Nigerian companies reported a combined profit before tax (PBT) of N12.1 trillion over a nine-month period ending September 30, 2026. This marked a significant 35.4 per cent year-on-year increase from the N8.94 trillion reported in the same period of 2025. The companies, encompassing sectors such as cement manufacturing and financial institutions, generated approximately N7.6 trillion in profit after tax for the same period, up by 22.1 per cent from N6.2 trillion in 2025.\n\nThe Nigerian economy faced various obstacles during this period, including insecurity, weak purchasing power due to inflation, and the impact of the Middle East conflict on global oil prices and uncertainties. However, the Central Bank of Nigeria reported a slight easing of inflation to 14.63 per cent in September 2026 from 15.15 per cent in December 2025. The Nigerian Naira also strengthened from N1,478.00 against the dollar in September 2025 to N1,331.50 against the dollar in September 2026.\n\nWhile navigating uncertainty and trade barriers, the global economy faced additional challenges from the Middle East conflict, leading to expectations of slower growth in 2026 and 2027, estimated at 3.1 per cent and 3.2 per cent respectively. Among the companies analyzed, MTN Nigeria Communications Plc led the pack with a profit before tax of N1.79 trillion in the nine months ended September 2026, which is 59.4 per cent more than the N1.13 trillion reported in the same period of 2025. Other notable performers include Dangote Cement Plc, declaring a profit before tax of N1.47 trillion, up by 41.45 per cent from N1,04 trillion in 2025, and Seplat Energy Plc, with a profit before tax of N1.34 trillion, showing a 52.7 per cent growth from N878.99 billion in 2025.",
  "summary": "Kayode Tokede Despite macroeconomic headwinds, MTN Nigeria Communications Plc and 21 other listed companies on the Nigerian Exchange Limited (NGX) reported N12.1 trillion profit before tax in nine months ended",
  "key_points": [
    "22 Nigerian firms reported N12.1tn PBT in 9 months ending Sep 2026",
    "35.4% YoY increase from N8.94tn PBT in same period of 2025",
    "MTN Nigeria Communications led with N1.79tn PBT, 59.4% YoY growth"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}