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Lasaco Assurance slumps into annual loss as FX gains fade out

Nigeria, Feb. 3 -- Lasaco Assurance fell into lossmaking position in 2025 as the significant foreign exchange gains that boosted profit the year before faded out, and insurance service result turned n... Read More


Access Bank gets new chairperson

Nigeria, Feb. 3 -- Access Bank Plc, the commercial banking division of financial services group Access Holdings, has appointed Ifeyinwa Osime as the chair of its board of directors. Mrs Osime's appoi... Read More


Wema, Mutual Benefits, Presco top stock pick this week

Nigeria, Feb. 2 -- Nigerian stocks slightly depreciated by 0.1 per cent last week, driven by profit taking in bank stocks. That leaves the year-to-date yield of the main equity index at 6.3 per cent. ... Read More


First HoldCo's impairment charge jumped 75% in 2025

Nigeria, Feb. 1 -- First Holdco Plc recorded a 75.5 per cent surge in impaired credit provision in 2025, compared to 2024, according to its unaudited financial statements issued on Friday, causing the... Read More


Otedola's shareholding in First HoldCo rises to 18%

Nigeria, Jan. 31 -- Femi Otedola, the Chairperson of First HoldCo Plc, has raised his stake in the financial services group to 18.1 per cent, according its unaudited financial report for 2025 released... Read More


Okomu Oil's annual profit leaps 64% to N198 billion

Nigeria, Jan. 31 -- Okomu Oil Palm Company recorded a 63.6 per cent improvement in net profit last year, compared to 2024, helped by a surge in domestic sales, according to its latest unaudited earnin... Read More


Airtel Africa's nine-month profit more than doubles as data revenue lifts turnover

Nigeria, Jan. 31 -- Wireless operator Airtel Africa more than doubled its post-tax profit for the nine months to December 2025 to $586 million in reported currency on the back of a sizeable increase i... Read More


Fidson reports 61% jump in annual profit amid prescription drug boom

Nigeria, Jan. 30 -- Drug maker Fidson Healthcare posted a 61.1 per cent surge in net profit last year, compared to 2024, according to i unaudited financials released on Thursday, lifted by Nigeria's f... Read More


FCMB Group's annual profit surges amid jump in interest income

Nigeria, Jan. 30 -- FCMB Group posted a dramatic rise in earnings for 2025, with net profit increasing by 141.2 per cent, helped by a remarkable growth in interest income, its principal revenue source... Read More


UBA, Mutual Benefits, Unilever top stock pick this week

Nigeria, Jan. 26 -- Last week, Nigerian stocks recorded their first weekly loss of the year as the benchmark share index slightly fell by 0.4 per cent. Profit taking in consumer goods and bank stocks ... Read More