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CATEGORY

Companies

Here’s Why Dangote Cement is Marching Ahead of the Industry

Despite a myriad of challenges bedeviling the manufacturing sector, Dangote Cement stands out as it continues to retain its position as the most cost...

Zenith Bank Reports 198% Profit Growth to N676.9bn in FY 2023

Zenith Bank has reported a 198% growth in profit after tax to N676.91bn from N223.91bn in 2022 on the back of significant increases in...

Listed Manufacturers’ Production Costs Hit N6.21trn on Energy crisis, Imported Inflation

The largest listed manufacturers in Africa’s most populous nation are choking on the huge cost of production brought on by the energy crisis and...

UBA 2023 Gross Earnings Rises 143% as Profit Hits N757.7bn

In another unprecedented performance, Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended...

Zeepay Raises Equity From Africa50 and Leading Institutions to Support Expansion

Ghanaian fintech company Zeepay Ghana Ltd today announced the completion of an equity investment by pan-African investment firms Africa50, Oikocredit, Injaro, Verdant Capital Hybrid...

Stanbic IBTC to Raise N138.0bn to Plug Capital Shortfall For National Banking License

Stanbic IBTC Holdings Plc management has said it is confident it will conveniently raise the N138 billion in capital shortfall for its national banking...

NGX Group Announces Strategic Investment in Ethiopian Securities Exchange

Nigerian Exchange Group Plc (NGX Group), a leading integrated market infrastructure group in Africa, has announced a significant investment in the Ethiopian Securities Exchange...

GTCO Reports Profit Before Tax of N609.3billion For Full Year 2023

Guaranty Trust Holding Company Plc or GTCO has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2023, to...

West Africa Takes 43.5% of Afreximbank Loans in 2023 as Profit Hits $756.1 million

The West Africa region led by Nigeria, took the lion’s share of loans disbursed by Afreximbank as at December 2023 as the Cairo based...

Customers Accuse African Alliance of Fraud Over Unpaid Claims Amid Solvency Crisis

Disgruntled customers have accused African Alliance Plc of financial shenanigans over unpaid claims as the insurer that is technically insolvent seemingly doesn’t have the...

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