CATEGORY
Markets
GTCO Reports Profit Before Tax of N509.3billion in Q1, 2024 Results
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Guaranty Trust Holding Company Plc (GTCO or the Group) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31,...
ASR Africa Commences Construction of 500-Capacity Lecture Theatre Worth N250m for Adamawa State University
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The Abdul Samad Rabiu Africa Initiative (ASR Africa) commences the construction of a 500-capacity lecture theatre and wash facilities for the Adamawa State University,...
UBA Records Fastest Profit Growth in a Decade as Assets Hit N25.36trn
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United Bank for Africa (UBA) Plc, the pan Africa lender with presence across the continent, has recorded the fastest profit growth in a decade,...
Huge FX Losses Wipeout Dangote Sugar Earnings
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In its unaudited Q1'24 result, Dangote Sugar Refinery Plc reported a net loss of N68.9 billion following a surge in finance costs (+1420.4%) during the...
MTN Nigeria Moves to Address N434bn Hole in Shareholders’ Equity
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MTN Nigeria in an Extraordinary General Meeting (EGM), held on 30th April, 2024 outlined steps to address the Group’s negative net asset position.
MTN Nigeria...
Guaranty Trust Pensions Assets Grows Strongly Despite Headwinds
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Despite the economic downturn, Guaranty Trust Pensions Managers Limited, a subsidiary of Guaranty Trust Holding Company (GTCO) Plc, has strongly grown assets under management...
Biden Slams Anti-Israel Campus Protests
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US President Joe Biden condemns the anti-Israel protests that have been wreaking havoc on college campuses across the country.
“There’s a right to protest, but...
BUA Foods Records Explosive Revenue Growth Amid Tough Operating Environment
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Consistent sales growth amid a difficult operating environment has allowed BUA Foods Plc to achieve scaling efficiencies and generate continuous shareholders’ value that makes...
Transcorp Group Delivers Impressive Q1 2024 Performance With Revenue Growth of 173%
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…PBT of N45 billion
Transnational Corporation Plc (Transcorp), a listed conglomerate with investment in the Power, Hospitality, and Energy sectors, has announced impressive Q1 financial...
Fed Signals Inflation Concern But Signals Hikes Unlikely
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The Federal Reserve signaled fresh concerns about inflation while indicating it was likely to keep borrowing costs elevated for longer rather than raising them again.
Officials unanimously...