Lagos, Nigeria – June 10, 2025 Nigerian-based tech company Legend Internet has posted a profit of N32.9 million in its latest financial report, signaling a strong performance amidst ongoing digital transformation and aggressive market expansion efforts.
The financial statement, released earlier this week, marks a notable turnaround for the company, which has been investing heavily in infrastructure, broadband services, and rural internet penetration over the past year.
According to the company’s Chief Financial Officer, Tolu Onanuga, the profit was largely driven by increased subscriptions, cost optimization strategies, and a growing demand for digital connectivity across underserved regions.
“We’re seeing the impact of our long-term strategy. Our focus on reliable service delivery and expansion into new markets has begun to yield positive returns,” Onanuga said.
Industry analysts say the profit is a significant milestone, especially as the internet service provider landscape in Nigeria remains highly competitive. Legend Internet’s performance may influence further investment interest in the tech-driven broadband sector.
The company has also hinted at upcoming plans to launch next-generation services, including smart home internet solutions and advanced cybersecurity packages targeted at SMEs.
As the digital economy continues to grow in Nigeria, Legend Internet’s latest results place it in a strong position to capitalize on future opportunities in connectivity, e-commerce, and data services
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