MTN Nigeria Remits N878.7b in Taxes, Levies as Profit Swings from N399b Loss to N1.11t Gain
MTN Nigeria has remitted N878.7 billion in taxes and levies, reporting a profit turnaround from a N399 billion loss to a N1.11 trillion gain.
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The NGX ASI fell 0.4416% to 1,839.7 on June 3, while Abbey Mortgage Bank jumped 9.9% despite the broader decline, according to Afrivestia analysts. Nestle Nigeria declared NGN105 billion in profit after tax for FY2025, with the stock price cited at NGN3,100, according to Proshare. In building materials, Lafarge Africa said a project in Sagamu and at the Ashaka plant should boost revenue and lower energy costs, according to Blueprint Newspapers. BUA Cement also spent NGN4.5 billion on distributors, THISDAYLIVE reported.