Dangote Cement's nine-month profit jumps 31% as revenue hits N3.8 trillion

Nigeria, Oct. 30 -- Dangote Cement reported a 31.2 per cent surge in net profit for the nine months to September, compared to the same period last year, driven by a considerable increase in sales, acc... Read More

Seplat discovers 19 million barrels of oil, 157 bcf of gas in Imo State

Nigeria, Oct. 30 -- Seplat Energy has made a new oil find in commercial quantities through its Aku-01 exploration in onshore Imo State under Oil Mining Lease (OML) 53. The accidental discovery was no... Read More

Transcorp posts 18% drop in nine-month profit as revenue shrinks

Nigeria, Oct. 28 -- Transnational Corporation Plc (Transcorp) logged a 17.9 per cent fall in net profit for the first nine months of the year as revenue and other income took a hit, while the group in... Read More

Nestoil pays further $40 million to lenders after EFCC intervention

Nigeria, Oct. 28 -- The Economic and Financial Crimes Commission (EFCC) intervention in the debt settlement dispute between local energy firm Nestoil Limited and a consortium of lenders has yielded fu... Read More

GTCO posts 12% drop in nine-month profit amid soaring costs

Nigeria, Oct. 27 -- Guaranty Trust Holding Company (GTCO) reported a 12.2 per cent decline in net profit for the nine months to September, compared to the corresponding period of last year, as mountin... Read More

Unilever, Stanbic IBTC, Cornerstone Insurance top stock pick this week

Nigeria, Oct. 26 -- Nigerian stocks slightly depreciated last week, declining by 0.1 per cent amid profit-taking activities across all sectors except industrial goods. The Insurance Index and the Oil... Read More

CBN grants JP Morgan approval-in-principle to set up merchant bank

Nigeria, Oct. 24 -- The Central Bank of Nigeria (CBN) has granted approval-in-principle to JP Morgan to set up a merchant in the country. The move eases the path for the US largest bank to expand its... Read More

Unilever Nigeria posts 20% jump in nine-month profit, raises interim dividend fourfold

Nigeria, Oct. 24 -- Unilever Nigeria reported an increase of 20.1 per cent in net profit for the nine months to September, compared to the corresponding period of 2025, according to the latest corpora... Read More

First HoldCo's nine-month profit leaps 63% to N744.5 billion

Nigeria, Oct. 23 -- First HoldCo Plc logged a 65.1 per cent rise in net profit in the first nine months of 2026, relative to the same period of last year, according to its latest unaudited results iss... Read More

N156 Billion Debt Recovery Suit: Stallion Group appeals ruling upholding UBA's appointment of receiver/manager

Nigeria, Oct. 17 -- Stallion Group has filed an appeal against Friday's decision of the Federal High Court, Lagos, which upheld the appointment of a receiver/manager by the United Bank for Africa (UBA... Read More

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