Foreign exchange stability and ongoing economic reforms have propelled nine major listed companies to a collective N2.76 trillion profit before tax in 2025, reversing a N1.09 trillion loss in 2024.
The stability in the foreign exchange market has been a key factor in the improved profitability of Nigerian companies, as MTN Nigeria Communications Plc and seven Fast-Moving Consumer Goods (FMCG) companies on the Nigerian Exchange Limited (NGX) reported a combined profit before tax of N2.76 trillion in 2025, marking a significant turnaround from the N1.09 trillion loss recorded in 2024.
Out of the eight companies, five migrated from a N1.09 trillion loss in 2024 to a N2.13 trillion profit before tax in 2025, on the back of forex stability in the foreign exchange market and operational efficiency, among other improving economic indicators. See More/Details