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FCMB Posts Record Profit on Higher Interest Income

First City Monument Bank Group Plc posted a record half-year profit that signals the lender has ridden out the storm and poised to deliver...

Boasting 25.50% Return on Equity, Ecobank is a Quality Stock

With a return on equity (ROE) of 25.50 percent, Ecobank Transnational Incorporated Plc is a quality stock as the Pan Africa lender continues to...

Nestle Nigeria First Half Revenues up 17.7%, Posts N49.9bn Loss on FX Revaluation

Nestlé Nigeria PLC has announced a revenue of N261.8 billion in the first half of 2023, an 17.7% increase compared to its performance in...

Fuel Subsidy Removal: UBA Approves Second Staff Pay Rise

United Bank for Africa (UBA) Plc, has announced the implementation of second cost of living adjustment for its staff to cushion the hardship caused...

BUA Cement’s Operating Profit Grows Despite Rising Raw Material Costs

BUA Cement Plc is bringing in more money than it is spending on its business even amid increases in raw material, energy, and material...

IMF Forecasts Nigeria’s Economic Growth To Decline By 3%

The International Monetary Fund (IMF) has revealed that economic growth in Nigeria in 2023 and 2024 is projected to decline by 3% due to...

MTN Nigeria Pays N12 billion for Enugu-Onitsha Expressway Reconstruction

MTN Nigeria has prepaid the sum of N12.032 billion, towards the reconstruction of the dilapidated Enugu-Onitsha Expressway. "This is the capitalised costs towards to the...

Seplat Operating Profit Slumps as Oil, Gas Prices Cool After Bumper 2022

Seplat Energy Plc reported a sharp fall in second-quarter operating profit from bumper 2022 earnings as oil and gas prices weakened, while foreign exchange...

MTN Nigeria Profit Slumps as FX Loss Jumps 865%

MTN Nigeria posted a surprise slide in profit as net foreign exchange losses soared as a result of the recent devaluation of the naira. The...

MTN Nigeria to Pay N5.60 Interim Dividend

MTN Nigeria has announced it will pay an Interim Dividend of N5.60 per ordinary share to be paid to shareholders whose names appear in...

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