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Zenith Bank is Nigeria's biggest bank by profit, PREMIUM TIMES Banking Report shows

Nigeria, Nov. 3 -- Zenith Bank Plc has emerged as the bank with the highest Profit After Tax in the 2024 financial year. The ranking is based on a review of the 2025 edition of the PREMIUM TIMES Annu... Read More


Mutual Benefits, May & Baker, Sterling Financial Holdings top stock pick this week

Nigeria, Nov. 3 -- The market was awash last week with a flurry of corporate results for Q3 2025 and for the nine months to September as companies made eleventh hour effort to issue their earnings rep... Read More


BVI court rules Seplat's ex-chairman Orjiako fraudulently hid assets over $220.3m Access Bank debt

Nigeria, Nov. 1 -- A British Virgin Islands (BVI) court has ruled that Ambrosie Orjiako, a former chairman and co-founder of Seplat Energy Plc, fraudulently concealed assets to evade a $220.3 million ... Read More


Airtel Africa's half-year profit leaps by 375% as data revenue boosts turnover

Nigeria, Nov. 1 -- A moderate jump in turnover, driven by a strong data revenue growth, set the stage for a 375.3 per cent increase in the net profit of Airtel Africa in the first half of the year, co... Read More


UBA, NEM Insurance, NNFM top stock pick this week

Nigeria, Oct. 27 -- Nigerian stocks gained 4.5 per cent last week, driven by increased buy interest in industrial goods and oil & gas stocks. The main share index has returned 51.2 per cent year to d... Read More


Revaluation gain helps Tolaram-backed Guinness Nigeria return to profitability

Nigeria, Oct. 26 -- Guinness Nigeria, the liquor producer in which Singapore-based conglomerate Tolaram acquired Diageo's 58 per cent holding last year, netted N26.3 billion in profit for the fifteen ... Read More


Aradel Holdings set to acquire ND Western through Swiss-based Petrolin's 40% stake

Nigeria, Oct. 25 -- Lagos-listed Aradel Holdings is snapping up a 40 per cent equity stake held by Geneva-based Petrolin Trading Limited in ND Western. The company is one of its four consortium partn... Read More


S&P Global Commodity Insights targets Nigeria's mineral development push, opens country office

Nigeria, Oct. 25 -- S&P Global Commodity Insights is setting its heart on Nigeria's blooming resource development drive to spur its operations in the country and start an office next year. The West A... Read More


Nigeria's building boom lifts Lafarge Africa's nine-month profit by 246%

Nigeria, Oct. 23 -- Nigeria's building boom, propelled by rapid urbanisation and infrastructure development, laid the groundwork for the 245.9 per cent boost in net profit for Lafarge Africa in the ni... Read More


Okomu Oil, Fidelity Bank, Fidson top stock pick this week

Nigeria, Oct. 20 -- The arrival of the earnings season is on track to stir up more activity in the Nigerian equity market in the weeks ahead, with the corporate results so far released largely positiv... Read More