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3 weeks ago | 
nannews.ng | Rukayat Moisemhe |Taiye E. Olayemi |Olawunmi Ashafa |Magdalene Ukuedojor
By Rukayat Moisemhe and Taiye OlayemiNigerian Breweries Plc says it generated N1.1 trillion in revenue for the financial year ended December, 2024. The company’s Managing Director, Hans Essaadi, disclosed this at the company’s pre-annual general meeting media briefing on Thursday in Lagos. According to Essaadi, the N1.1 trillion revenue marks an 81 per cent increase from the company’s 2023 revenue of N599.5 billion.
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3 weeks ago | 
newsdiaryonline.com | Chimezie Godfrey |Taiye E. Olayemi
A stockbroker, Mr David Adonri, says the anticipated listing of the Nigerian National Petroleum Company (NNPC Ltd.) on the Nigerian Exchange Ltd. (NGX) will unlock global capital and enable it to surpass President Tinubu’s 60 billion dollars investment goal by 2030,By Taiye Olayemi A stockbroker, Mr David Adonri, says the anticipated listing of the Nigerian National Petroleum Company (NNPC Ltd.) on the Nigerian Exchange Ltd.
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3 weeks ago | 
nannews.ng | Taiye E. Olayemi |Folashade Adeniran |Magdalene Ukuedojor |Tosin Kolade
By Taiye OlayemiNo fewer than 1,000 Lagos students have been empowered in financial literacy skills by Coronation Group Ltd. in commemoration of the 13th edition of the Global Money Week. Mr Wole Onasanya, Managing Director of Coronation Group, in a statement on Tuesday, said that the initiative was in alignment with the company’s commitment to sustainable finance and financial inclusion.
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3 weeks ago | 
nannews.ng | Taiye E. Olayemi |Folashade Adeniran |Tosin Kolade |Magdalene Ukuedojor
CSCS Group posts 11.95bn PAT in 2024
By Taiye OlayemiThe Central Securities Clearing Systems (CSCS) Group has announced a profit after tax (PAT) of N11.95 billion for the 2024 financial year. This reflects 18.7 per cent increase from the N10.08 billion recorded in 2023. According to the company’s financial report, released on its website on Friday, CSCS also reported a profit before tax (PBT) of N13.84 billion in 2024, up from N11.20 billion in 2023.
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3 weeks ago | 
nannews.ng | Taiye E. Olayemi |Folashade Adeniran |Tosin Kolade |Magdalene Ukuedojor
By Taiye OlayemiWema Bank has recorded a profit before tax of N102.51 billion, marking an increase of 135 per cent compared to the N43.59 billion recorded in 2023. The bank has proposed a dividend of N1.00 per share following its strong financial performance in 2024. In a statement by the bank on Sunday, its balance sheet remains structured, diversified, and resilient, with total assets growing by 60 per cent to N3.585 billion in 2024. Total assets had stood at N2.240 billion in 2023.
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3 weeks ago | 
nannews.ng | Taiye E. Olayemi |Magdalene Ukuedojor
By Taiye OlayemiThe Nigerian Aviation Handling Company says it will pay a final dividend of N5.94 per ordinary share to its shareholders for the 2024 financial year. The company declared this in a corporate disclosure through the Nigerian Exchange Ltd. The 2024 dividend, an increase from N2.54 dividend paid in the 2023 financial year, will be paid on Friday, May 9.
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3 weeks ago | 
nannews.ng | Taiye E. Olayemi |Magdalene Ukuedojor |Folashade Adeniran
By Taiye OlayemiGTCO Plc has announced a pre-tax profit of N1.266 trillion for the 2024 financial year. This represents a significant increase from the N609.3 billion reported in 2023. The company made this known in a corporate disclosure released through the Nigerian Exchange Ltd. on Friday. Its gross earnings surged to N2.12 trillion, up from N1.13 trillion in the previous year.
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3 weeks ago | 
nannews.ng | Taiye E. Olayemi |Magdalene Ukuedojor |Folashade Adeniran
By Taiye OlayemiStanbic IBTC Holdings has announced plans to pay N38.87 billion in dividends to its shareholders for the financial year ended Dec. 31, 2024. This is a 36.3 per cent surge from N28.505 billion paid to its shareholders in 2023. The company disclosed this in a corporate disclosure through the Nigerian Exchange Ltd., on Friday.
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3 weeks ago | 
nannews.ng | Taiye E. Olayemi |Magdalene Ukuedojor |Folashade Adeniran
By Taiye OlayemiPresident Bola Tinubu has assented to the Investments and Securities Act (ISA) 2024, which repeals the Investments and Securities Act No. 29 of 2007. This landmark legislation strengthens the legal framework of the Nigerian capital market, enhances investor protection and introduces critical reforms to promote market integrity, transparency and sustainable growth.
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1 month ago | 
nannews.ng | Taiye E. Olayemi |Folashade Adeniran |Magdalene Ukuedojor |Ismail Abdulaziz
By Taiye OlayemiUnited Bank for Africa (UBA) Plc has recorded N766.6 billion as profit after tax for the year ended Dec. 31, 2024. This represents 26.14 per cent increase when compared to N607.7 billion posted same period of 2023. This was made known in the bank’s audited financial results filed with the Nigerian Exchange Ltd. (NGX) on Monday. The increase is driven by the growth in the gross earnings of the bank, which rose by 53.6 per cent to N3.19 trillion.
