MTN Nigeria’s data juggernaut: Analysts optimism

    BusinessDay | Newsletter | May 06, 2026    
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MTN Nigeria Communications Plc has delivered a spectacular start to 2026, posting a pre-tax profit of N546.42 billion in the first quarter (Q1) with a staggering 169.6 per cent year-on-year spike. Surging data consumption and explosive fintech growth reaffirmed the telecom giant's status as Nigeria's most valuable stock, prompting analysts to set their sights on a N2,000 share price target by 2027.

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