Stanbic IBTC's quarterly profit rises 80%, helped by elevated lending rates

Nigeria, April 25 -- Stanbic IBTC Holdings, the local operation of Africa's largest bank, Johannesburg-based Standard Bank Group, turned the high-interest rate environment in Nigeria to its advantage ... Read More

Lafarge Africa's quarterly profit surges 837%, shooting stock price to 52-week high

Nigeria, April 24 -- Lafarge Africa delivered in the first quarter a post-tax profit more than eight times what it reported in the same period of last year, an epic result, leaving the cement maker ju... Read More

UBA records 33% rise in quarterly profit amid interest income boom

Nigeria, April 23 -- Quarterly profits at United Bank for Africa (UBA) gained 33.1 per cent speed more than a year ago, helped by a notable improvement in the income it generated from lending and from... Read More

First HoldCo raises annual dividend by half, but payout ratio drops

Nigeria, April 23 -- First HoldCo Plc, the parent of Nigeria's oldest lender First Bank of Nigeria, plans to hand out N0.60 per share in dividend (totalling N25.1 billion) to shareholders for the fina... Read More

Lasaco, Cornerstone Insurance, Berger Paints top stock picks this week

Nigeria, April 22 -- Nigerian stocks slid by 0.3 per cent last week amid sell-offs in bank stocks, continuing a downtrend that has weakened the year-to-date yield of the main equity index to 1.3 per c... Read More

Adesina extols Buhari's support during nomination as AfDB's president

Nigeria, April 18 -- The president of African Development Bank (AfDB), Akinwumi Adesina, has lauded the part played by Nigeria's immediate past President Muhammadu Buhari in the nomination process for... Read More

UK Appeal Court affirms $380 million award against NLNG

Nigeria, April 17 -- Nigeria LNG Limited (NLNG) had its claim to non-liability to indemnify oil trading firm Taleveras dismissed at appeal in a ruling against it by a London high court. The decision ... Read More

Nigeria's biggest lender hits record N4.9 trillion annual revenue, but profit only rises 4%

Nigeria, April 16 -- Nigeria's biggest lender, Access Holdings, reached a new revenue milestone in its thirty-fifth year last year, with gross earnings only a breath away from the N5 trillion mark. B... Read More

Geregu Power's quarterly profit drops by 28%, trailing forecast

Nigeria, April 16 -- Geregu Power's after-tax profit retreated by 27.9 per cent in January through March, relative to the same period of 2024, the latest earnings report of the electricity producer sh... Read More

Elevated lending rates lift Afreximbank's annual profit 29% higher

Nigeria, April 15 -- Profits at Afreximbank, the multilateral lender focused on financing intra-African trade and development, climbed 28.8% in 2024, quickened by a series of interest rate hikes in re... Read More

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