Windfall tax spooks investors as bank stocks fall to lowest level in a month
Nigerian banks sustained a bearish run last week as investors reacted to the planned 70% windfall tax to be imposed...
PFAs channel 72% of investment to fixed income assets in 2023
Pension Fund Administrators (PFAs) in Nigeria favoured fixed income investments over other asset classes in 2023 with a preponderance of...
BREAKING: Geregu Power reports blistering 308% gain in pre-tax profits
Nigeria's first publicly listed power company, Geregu Power, released its first-quarter earnings for 2024, showing a revenue of N50.4 billion.
GTCO reports record N539.6 billion profit in 2023, bolstered by revaluation gains
Guaranty Trust Holding has reported a gross earnings of N1.187 trillion, representing 120.03% increase from the N539.235 billion reported the...
UBA Group reports record N607 billion profit, buoyed by higher interest income, fx gains
UBA Nigeria Plc, one of Nigeria's oldest and largest banks, reported its audited accounts for 2023, revealing gross earnings of...
Zenith Bank reports ‘best ever’ profit of N679.9 billion in 2023
Zenith Bank Plc, one of Nigeria's largest bank, published its 2023 FY audited accounts showing a gross earnings of N2.13...
Time ticking for Unity Bank as it projects a N20.7 billion loss
Unity Bank Nigeria Plc is projecting a pre-tax loss of N20.7 billion in the second quarter of 2024 highlighting the...
TotalEnergies Nigeria projects negative cash balance of N64.5 billion in Q2, 2024
TotalEnergies Marketing Nigeria Plc is projecting a pre-tax profit of N6.4 billion in the second quarter of 2024, amidst cash...
Geregu Power projects 100% growth in profits in 2024 Q2
Geregu Power Plc has released its earnings forecast projecting a 2024 second-quarter profit before tax of N14 billion.
Lafarge Africa reports N51.1 billion profits despite incurring N21 billion in FX losses
Despite this, Lafarge Africa produced one of the better results published by a manufacturing company in Nigeria in 2023.
