Story highlights Nigerian conglomerates have shown resilience amidst challenging macroeconomic conditions and evolving policy landscapes, as evidenced by their financial performances throughout 2023 and into Q1...
Mansard’s recent Q1 2024 earnings report has captivated attention and applause. With an astounding 704% surge in pre-tax profits, the company seems poised for outstanding performance...
In its June 2024 report, Agusto & Co., a credit rating agency, upgraded Wema Bank Plc from a “Bbb” rating issued in June 2023 to a...
Nigerian banks’ cross-border expansion aimed at seeking incremental value has continued to boost their bottom lines. In 2023, four Tier-1 Nigerian banks generated N627.027 billion from...
Story highlights Nigerian banks’ cross-border expansion aimed at seeking incremental value has continued to boost their bottom lines. In 2023, four Tier-1 Nigerian banks generated N627.027...
Financial Services company, VFD Group released its 2023 full-year results showing gross earnings rose 31.9% to N45.1 billion. The company however reported a loss after tax...
FBN Holdings Plc, the parent company of FirstBank, has released its audited financial statements for the year ended December 2023. The group reported a profit after...
Story highlights Recently, NGX Pension Stocks have exhibited a bearish trend, resulting in a decline in market capitalization. The NGX Pension Index, which measures the performance...
Story Highlights Nigerian Brewer/Distiller companies have been significantly impacted by macroeconomic challenges; the devaluation of the Naira and rising inflation and interest rates. Despite multiple price...
Story Highlights The Palm Oil sector has always presented a beacon for investors due to the seemingly wide gap between the demand for the product and...
Story highlights Amidst macroeconomic headwinds of heightened inflation rate, interest rates and volatile exchange rates due to Naira devaluation, cement companies have managed to sustain profitability....
Airtel Africa, a prominent telecommunications company, in February 2024, announced its intention to initiate a share buyback program following the disclosure of a negative Basic EPS...
In the realm of corporate strategy, the pursuit of cost optimization stands as a pivotal endeavor, particularly in industries susceptible to fluctuating economic conditions. Dangote Cement,...
Fidelity Bank released its unaudited financial results for Q1 2024, showing pre-tax profit rose 120.14% to N39.497 billion. In just three months, the bank has already...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion. This outcome reflects the mixed nature of...
Zenith Bank Plc, one of Nigeria’s leading banks, released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N320.194 billion. This represents a...
BUA Cement Plc has released its financial results for Q1 2024, marking yet another period of profit decline with a pre-tax profit down 39.97% to N21.286...
Eternal Oil Plc has released its financial performance for Q1 2024, disclosing a pre-tax loss of N3.302 billion, a stark contrast to the N1.29 billion pre-tax...
FCMB Group Plc released its unaudited financial results for Q1 2024, revealing a pre-tax profit of N31.344 billion, marking a significant 193% increase year-on-year This result...
Okomu Oil Palm Plc has reported a pre-tax profit of N23.033 billion for the Q1 ended March 31, 2024, representing a 54.77% year-on-year (YoY) increase. The...
UAC of Nigeria Plc has reported a pre-tax profit of N9.030 billion for the Q1 ended March 31, 2024, representing 1,064% year-on-year (YoY) increase. According to...
MRS Oil Nigeria Plc has reported a pre-tax profit of N3.076 billion for the Q1 ended March 31, 2024, representing 58.34% year-on-year (YoY) increase. According to...
Fidelity Bank has shown resilience in its financial performance but now faces a critical test: navigating the challenging terrain of the new Central Bank of Nigeria...