MTN Nigeria has warned that rising fuel prices could affect its profitability this year, even as the country’s largest telco operator delivers record revenue growth and rebounds from last year’s currency shocks.
In its Q1 2026 results released on Wednesday, the company said it expects a 1.8 to 2.0% decline in full-year Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) margins if diesel prices average ₦2,000 ($1.45) per litre in the second half of the year.
Based on current revenue levels at ₦1.5 trillion ($1.09 billion), an expected decline of 2.0% would translate into an estimated ₦120 billion ($87.24 million) to ₦140 billion ($101.78 million) hit to profits.
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