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UBA's annual profit surges 257% to N608 billion

Nigeria, April 11 -- United Bank for Africa (UBA) posted a record N607.7 billion in annual net profit after significant increase in interest income and foreign exchange gains impacted bottom-line by a... Read More


Zenith Bank's annual profit leaps threefold to N677 billion

Nigeria, April 9 -- Zenith Bank Plc posted a jumbo net profit of N676.9 billion for last year, its strongest on record, bettering the bottom line of the preceding year by more than three times. 2023 ... Read More


C&I Leasing, Wema Bank, Mutual Benefits top stocks pick this week

Nigeria, April 8 -- Last week, Nigerian stocks shed 1.1 per cent as profit-taking efforts by investors weighed on equities, with bank stocks most affected. A couple of corporate actions, notably divid... Read More


EXCLUSIVE: Court orders US company to pay BUA £343,751

Nigeria, April 5 -- A US court has ordered an American company to pay BUA International Limited £343,750.91 in arbitral award. The United States District Court for the District of Idaho gave the... Read More


BUA Foods plans record N99 billion dividend payout as annual profit surges 23%

Nigeria, April 4 -- BUA Foods will pay shareholders N99 billion in cash rewards for the financial year 2023, translating to a dividend per share of N5.50, according to a regulatory filing by the food ... Read More


Access Holdings annual profit surges as revenue touches record N2.6 trillion

Nigeria, March 28 -- Nigeria's biggest lender Access Holdings reported a fourfold acceleration in net profit that took bottom line to an unprecedented peak of N619.3 billion last year, according to th... Read More


STOCKWATCH: UPDC REIT, FCMB Group, Access Holdings top stocks pick this week

Nigeria, March 25 -- Nigerian stocks have recorded an exceptional run of gains this year, with yield already as high as 40 per cent even when the first quarter is not yet over. The performance owes i... Read More


Access Bank moves to buy National Bank of Kenya

Nigeria, March 21 -- Access Bank has signed a pact with Nairobi-headquartered National Bank of Kenya, setting the flagship subsidiary of Nigeria's largest lender up for the ownership of the company, w... Read More


Bid by British shareholder to acquire PZ Cussons Nigeria falls apart

Nigeria, March 20 -- The plan by the British majority owner of consumer goods company PZ Cussons Nigeria to fully acquire the Lagos-listed organisation and take it private fell apart after a key regul... Read More


Ownership of oil palm giant Presco returns to Nigeria after 33-year Belgian control

Nigeria, March 18 -- Oil palm powerhouse Presco switched ownership from long-time investor Siat N.V, based in Brussels, Belgium, which had held on to the company's majority control for well over three... Read More