Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell plc, has announced a Final Investment Decision (FID) on the $2 billion HI gas project offshore Nigeria. The …
Corporate Earnings
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Corporate EarningsEnergyInfrastructureINVESTMENTNigeriaOil & Gas
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Corporate EarningsEastern AfricaELECTRICITYEnergyFinanceInfrastructure
Kenya Power Reports 18.7% Profit Drop as Forex Gains Fade and Tariff Adjustments Ease
Kenya Power and Lighting Company (KPLC) has reported a sharp 18.7 per cent decline in its net profit for the financial year ended June 2025, falling to KSh 24.47 billion …
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BusinessCorporate EarningsFinanceInsuranceNigeriaRegulation
Prudential Zenith Life Surpasses New Capital Requirement With N19.3bn Buffer
Prudential Zenith Life Insurance Company Limited has announced that it has exceeded the minimum capital requirement set under the new Nigerian Insurance Industry Reform Act (NIIRA) by N19.3 billion, positioning …
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BankingCapital MarketCorporate EarningsEconomyFinanceINVESTMENT
GTCO Reports N600.9bn Half-Year Profit Before Tax Despite Absence of Extraordinary Gains
Guaranty Trust Holding Company Plc, GTCO, has announced a profit before tax of N600.9bn for the half-year ended June 30, 2025, reflecting strong resilience in its operations even though the …
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BankingCapital MarketCorporate EarningsEconomyFinanceINVESTMENTNigeria
Zenith Bank Half-Year Profit Hits N532bn, Gross Earnings Rise to N2.5tn
Zenith Bank Plc has reported strong financial results for the first half of 2025, growing its gross earnings to N2.5 trillion as of June 30, 2025. This represents a 20 …
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BankingCapital MarketCorporate EarningsEconomyFinanceINVESTMENTNigeria
Stanbic IBTC Half-Year Profit Jumps to N173.4bn on Strong Interest and Fee Income
Stanbic IBTC Holdings Plc has reported a profit after tax of N173.4 billion for the half year ended June 30, 2025, showing a 49 per cent rise compared with the …
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BusinessCorporate EarningsEconomyFinanceInsuranceNigeria
Regency Alliance Insurance Pays N3.14bn in Claims Despite Profit Decline
Regency Alliance Insurance Plc has reported a sharp increase in claims payment, rising by 242.59 per cent to N3.14 billion in the first half of 2025. The figure, contained in …
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BankingBusinessCapital MarketCorporate EarningsEconomyFinance
UBA Half-Year Profit Rises to N335bn Despite Drop in Pre-Tax Earnings
United Bank for Africa Plc (UBA) has announced its financial performance for the first half of 2025, showing a profit after tax of N335.53bn. This represents a 6.06 per cent …
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BusinessCapital MarketCorporate EarningsEnergyNigeriaOil & Gas
OGTAN Pledges Stronger Skills Training to Boost Nigeria’s Energy Sector
The Oil and Gas Trainers Association of Nigeria (OGTAN) has reaffirmed its commitment to building fit-for-purpose skills that will strengthen Nigeria’s energy industry and ensure long-term sustainability. Speaking at the …
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BusinessCorporate EarningsEconomyFinanceManufacturingNigeriaStock Market
Cutix Plc Profit Falls 81% in Q1 2025 Despite Rising Assets
Cutix Plc, a Nigerian cable manufacturing company listed on the Nigerian Exchange, has reported a sharp decline in profit for the first quarter of its 2025 financial year. The company’s …