Jaiz Bank Plc, Nigeria’s pioneer non-interest bank, has recorded an impressive financial performance for the year ended December 31, 2024, posting a 109 per cent increase in its profit after …
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- Banking, Finance & InvestmentFinance & ServicesINVESTMENTNigeria
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SEC Orders Companies to Honour All Unclaimed Dividends, Rejects 12-Year Limit
The Securities and Exchange Commission (SEC) has issued a directive instructing all public companies and their registrars to stop denying shareholders access to dividends unclaimed for more than 12 years, …
- BusinessBusiness InsightsManufacturingNewsNigeria
Unilever Nigeria Grows Q1 2025 Profit by 65%, Signals Strong Outlook for the Year
Unilever Nigeria Plc has posted a profit after tax of N5.6 billion for the first quarter ended March 31, 2025, showing a 65 per cent increase from N3.4 billion recorded …
- AfricaBusinessBusiness InsightsHealthcareManufacturingMarketsNewsNigeria
Neimeth Grows Q1 2025 Profit by 49%, Eyes Return to Dividend Payments
Neimeth International Pharmaceuticals Plc has recorded a 49 per cent rise in profit after tax in the first quarter of 2025, showing a promising turnaround for the company as it …
- Banking, Finance & InvestmentBusinessEconomyINVESTMENTMarketsNigeria
Fidelity Bank Rejoins N1tn Club as Investors Regain Confidence
Fidelity Bank Plc has returned to the elite group of Nigerian companies with a market capitalisation of over N1 trillion. This came after the bank’s share price rose by 5.3 …
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Custodian Investment Grows Profit by 133%, Pays ₦60.67bn Before Tax in 2024
Custodian Investment Plc has recorded a major profit jump, ending the 2024 financial year with a profit before tax of ₦60.67 billion. This marks a 133 per cent increase from …
- 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 …
- AFRICA NEWSAgribusinessAgricultureEconomyFinance & ServicesINVESTMENTMarketsNigeriaWestern Africa
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 …
Nascon Allied Industries Plc has reported a remarkable 77 percent growth in its revenue for the first quarter of 2025. According to the company’s unaudited financial report for the period …
Stanbic IBTC Holdings Plc has posted a profit after tax of N82.06 billion for the first quarter of 2025, marking an 80% growth from N45.64 billion recorded in the same …