The Federal Government of Nigeria, through the Debt Management Office (DMO), has launched a new round of the Federal Government of Nigeria (FGN) Savings Bond for the month of May …
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United Capital Records 113% Revenue Growth, Posts N5.9bn Profit in Q1 2025
United Capital Plc, a Nigerian investment banking and financial services firm, has reported a strong start to 2025 with a 113 per cent rise in revenue for the first quarter …
- Banking, Finance & InvestmentBusinessBusiness InsightsBusiness PoliciesEconomyINVESTMENTMarketsNigeriaPolicies
Wema Bank Grows Profit by 270%, Posts N35.8bn in Q1 2025 Amid Strong Interest Income and Cost Control
Wema Bank Plc has reported a strong profit performance in the first quarter of 2025, with profit after tax jumping by 270 per cent to N35.8 billion. This figure is …
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Kenyan Banks Increase Secured Interbank Borrowing to KSh69.6 Billion in April 2025
Kenyan banks are now relying more on secured borrowing to manage their short-term funding needs, as the value of secured interbank lending doubled in just one month. According to official …
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Warren Buffett to Step Down as Berkshire Hathaway CEO After Nearly 60 Years, Greg Abel to Take Over by End of 2025
Warren Buffett, the popular American billionaire investor, has announced that he will step down as the Chief Executive Officer (CEO) of Berkshire Hathaway, the investment company he has led for …
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Nigeria’s bond demand declines amid rate hike worries
Nigeria’s bond market is currently facing serious challenges as investor interest has dropped due to fear of rising interest rates and uncertainty in the economy. The Central Bank of Nigeria, …
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Oil Companies Record Sharp Profit Drop as Global Prices Fall, Nigeria’s Economy Feels the Heat
Major oil companies around the world have recorded sharp drops in profit in the first quarter of 2025, as the fall in global oil prices and rising production costs continue …
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Access Holdings Records N182.8bn Profit in Q1 2025 Despite Fair Value Losses
Access Holdings Plc has posted a profit after tax of ₦182.8 billion for the first quarter of 2025, reflecting a 14.7 percent increase compared to the ₦159.3 billion reported in …
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GTCO Posts N300.4bn Profit Before Tax in Q1 2025, Shows Strong Earnings Amid Challenging Environment
Guaranty Trust Holding Company Plc (GTCO) has reported a profit before tax of N300.4 billion for the first quarter of 2025, reinforcing its reputation as one of Nigeria’s most resilient …
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Presco Plc Records N93.8bn Revenue in Q1 2025, Up by 120% from Last Year
Presco Plc, one of Nigeria’s major palm oil producers, has reported strong financial results for the first quarter of 2025, showing significant growth across key performance areas. The company’s unaudited …