MRS Oil announces plans to delist from NGX hours after declaring massive Profits
MRS Oil Nigeria Plc has announced plans to voluntarily delist its shares from the Nigerian Exchange Limited (NGX) following a robust financial performance in 2024. The post MRS Oil announces plans to...
View ArticleZenith Bank, GTCO and UBA incur N172.4 billion in windfall taxes
Three of Nigeria’s largest banks, Zenith Bank, Guaranty Trust Holding Company (GTCO), and United Bank for Africa (UBA), have collectively incurred windfall tax liabilities totaling N172.3 billion...
View ArticleIkeja Hotels reports N8.5 billion in pre-tax profit as room sales drive 68%...
Ikeja Hotels Plc has reported its full-year audited results for the year ended December 31, 2024, reporting an impressive 125% YoY growth in pre-tax profit, reaching N8.539 billion. The post Ikeja...
View ArticleGTCO declares record N8 per share dividend as profits soar to N1 trillion
GTCO has declared a record N7 per share in final dividends, bringing its total dividend for the year to N8 per share, a record for the bank. The post GTCO declares record N8 per share dividend as...
View ArticleAradel Holdings profits soar 5 folds to N259 billion in 2024
Aradel Holdings, an oil and gas company operating in Nigeria, reported its 2024 FY results showing a pre-tax profit of N316.7 billion The post Aradel Holdings profits soar 5 folds to N259 billion in...
View ArticlePenCom sets June 1 deadline for new pension remittance system
The National Pension Commission (PenCom) has announced June 1, 2025 as the deadline for employers to fully adopt its new pension remittance system. The post PenCom sets June 1 deadline for new...
View ArticleAbbey Mortgage Bank reports 29% profit increase as interest income climbs to...
Abbey Mortgage Bank Plc has reported a pre-tax profit of N1.2 billion for the year ended December 31, 2024, in its recently published audited financial statement. The post Abbey Mortgage Bank reports...
View ArticleAll-Share gains 0.23% as market cap reaches N66.2 trillion; ARADEL and GTCO...
The Nigerian All-Share Index closed the trading day on 28th March 2025 in the green, rising by 244.24 points to end at 105,670.36. The post All-Share gains 0.23% as market cap reaches N66.2 trillion;...
View ArticleTinubu signs Investment and Securities Act 2025 into law
President Bola Ahmed Tinubu has signed into law the Investment and Securities Act (ISA) 2024, marking a major milestone in Nigeria’s capital market reform. The post Tinubu signs Investment and...
View ArticleStanbic IBTC reports N303.796 billion pre-tax profit in 2024
Stanbic IBTC Holding Plc has announced a pre-tax profit of N303.796 billion for the 2024 financial year ended December 31, 2024, representing a 60.23% year-on-year (YoY) growth. The post Stanbic IBTC...
View ArticleBillionaire investor, Tony Elumelu to get N12.71 billion in UBA dividend for...
Billionaire investor Tony Elumelu is set to receive a UBA dividend payout of N12.71 billion for the financial year ended 2024, according to an analysis by Nairametrics. The post Billionaire investor,...
View ArticleZenith Bank generates N80 billion from e-business in 2024
Zenith Bank generated a total of N80.05 billion from electronic banking transaction fees in the full year 2024. The post Zenith Bank generates N80 billion from e-business in 2024 appeared first on...
View ArticleUBA generates N284.7 billion from e-business transactions in 2024
United Bank for Africa (UBA) generated a total of N284.7 billion from electronic business transactions in full-year 2024. The post UBA generates N284.7 billion from e-business transactions in 2024...
View ArticleUnilever Nigeria reports N149.5 billion full-year revenue as profits rise 3%...
Unilever Nigeria Plc has released its audited financial results for the year ended December 31, 2024, reporting a total revenue of N149.5 billion. The post Unilever Nigeria reports N149.5 billion...
View ArticleUAC Nigeria reports record N25 billion profits as business restructuring pays...
UAC of Nigeria Plc has posted its best financial performance in years, recording a profit before tax of N25.5 billion for the year ended December 31, 2024. This represents a remarkable 107% increase...
View ArticleBUA Foods hits N1.5 trillion in revenue, profits soar 162% as it overtakes...
BUA Foods Plc has reported record-breaking results for its 2024 financial year, with revenue crossing the trillion-naira mark for the first time, and profits rising sharply on the back of strong...
View ArticleFidelity Bank’s pre-tax profit hits a record N385 billion in 2024, up 210%
Fidelity Bank Plc has announced a pre-tax profit of N385.215 billion for the 2024 financial year that ended December 31, marking an impressive 210.01% year-on-year (YoY) growth. The post Fidelity...
View ArticleBitcoin plummets to $81,629 amid wider market turbulence
The cryptocurrency market endured a significant setback over the weekend, with Bitcoin, the world's leading digital asset, plunging to a session low of $81,629 per coin on Saturday. The post Bitcoin...
View ArticleGTCO’s path to N100 per share just needs this to happen
If GTCO were an animal, it would be an orca—sleek, intelligent, and ruthlessly efficient in its habitat. The post GTCO’s path to N100 per share just needs this to happen appeared first on Nairametrics.
View ArticleExchange rate volatility: Naira still suffers loss of confidence despite...
Bureau De Change (BDC) operators have revealed that despite the naira’s gains at the foreign exchange market during the week, the local currency is still suffering from a loss of confidence. The...
View Article