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Nigerian Banks Show Resilience as Profit Surges to N3.03trn
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Nigerian banks reported a big jump in Full Year 2023 earnings as the largest lenders gained from foreign exchange revaluation gains as well as...
Here’s Why Dangote Cement is Marching Ahead of the Industry
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Despite a myriad of challenges bedeviling the manufacturing sector, Dangote Cement stands out as it continues to retain its position as the most cost...
Listed Manufacturers’ Production Costs Hit N6.21trn on Energy crisis, Imported Inflation
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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...
Geregu Power 307% Profit Growth in Q1 a Catalyst For Much Higher Share Price
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Geregu Power has become the first NGX listed company to release First Quarter (Q1), 2024 financial results, with the recorded 307.5% profit growth a...
UBA 2023 Gross Earnings Rises 143% as Profit Hits N757.7bn
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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...
Stanbic IBTC to Raise N138.0bn to Plug Capital Shortfall For National Banking License
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Stanbic IBTC Holdings Plc management has said it is confident it will conveniently raise the N138 billion in capital shortfall for its national banking...
GTCO Reports Profit Before Tax of N609.3billion For Full Year 2023
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Guaranty Trust Holding Company Plc or GTCO has released its Audited Consolidated and Separate Financial Statements for the year ended December 31, 2023, to...
Naira to Gain as Afreximbank to Disburse $1 Billion Loan in May
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Nigeria is set to receive $1.05 billion from an Afreximbank syndicated loan backed by oil by the end of May to help revive its...
CBN Collaterises $480m Worth of NSIA Swap Exposure
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The Central Bank of Nigeria (CBN) has issued N421bn worth of Open Market Operations or OMO Bills as collateral for its foreign currency (FX)...
NSIA Reports N1.18trn 2023 Profit, Receives $96m Oil Price Royalty
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The Nigeria Sovereign Investment Authority (NSIA), managers of the country’s Sovereign Wealth Fund (SWF) reported a 1,057% increase in profit for the year 2023 to...