MTN Nigeria Reports Strong Q1 2026 Financial Results
- Significant Revenue Growth: MTN Nigeria's Q1 2026 revenue reached ₦1.498 trillion, a 41.6% increase year-over-year, indicating an additional ₦440 billion generated in just one quarter, showcasing a strong recovery after two challenging years.
- Profit Surge: Operating profit soared by 84.5% to ₦632.3 billion, while profit before tax grew by 169.6% to ₦546.4 billion, resulting in a net profit of ₦355.5 billion, nearly tripling the figure from Q1 2025, reflecting improved profitability amid tax and cost pressures.
- Shift in Revenue Structure: Data revenue for Q1 2026 reached ₦826.1 billion, surpassing voice call revenue of ₦450.7 billion for the first time, indicating a structural shift in revenue generation as data services gain momentum.
- Increased Capital Expenditure: MTN's capital expenditure for infrastructure rose to ₦428 billion, a 145% increase year-over-year, demonstrating the company's commitment to investing in network infrastructure to support future growth and enhance market competitiveness.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0262 | 0.0296 | 0.0319 | 0.0353 | 0.0376 | 0.041 | 0.0433 |
| Fibonacci | 0.0296 | 0.0318 | 0.0331 | 0.0353 | 0.0375 | 0.0388 | 0.041 |
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