Category: Business

Manufacturers spent N119bn on electricity in nine years – MAN

Manufacturers’ Association of Nigeria has reported that manufacturers spending on alternative energy sources increased by 82%...

How equity investors his N8bn profit one week

The Nigerian Exchange Limited’s recent trend of optimistic trading slowed this past week, resulting in...

Transcorp’s revenue hits 31% increase, jumps to N82bn

Transnational Corporation Plc, an indigenous conglomerate, has revealed that it experienced remarkable development across all...

AXA Mansard hits N11bn from FX profit

Axa Mansard has reported second-quarter earnings that increased pre-tax profits by 597% to N12.8 billion. The...

MTN reports 39.3% drop in fintech clients in H1 2023

MTN Nigeria recorded a 39.3% drop in fintech users for the first six months of...

NASCON Allied Industries to merge with Dangote sugar refinery

The Board of Directors of NASCON Allied Industries Plc authorized a merger plan with Dangote...

Seplat Energy announces interim dividend payment to shareholders

The interim dividend for the half-year ending June 30, 2023, will be paid to shareholders of Seplat...

UAC reports N3.5bn FX gain, 87.5% profit

UAC Plc published its 2023 half-year figures, showing pre-tax profits of N4 billion compared to a...

Nestle Nigeria reports N123.7 bn FX loss

Nestle Nigeria Plc has announced a pre-tax loss of N86.5 billion for the fiscal second quarter...

MTN suffers N131bn FX loss, earnings drop by 64%

MTN Nigeria Plc’s 2023 second-quarter results have revealed that pre-tax profits decreased dramatically by 64%...

Dangote Cement’s profits drop by 14% YoY, suffers N103.8bn forex losses

Dangote Cement Plc released 2023 second-quarter results, with pre-tax profits down 14% to N93 billion....

Nigerian Exchange Group records 63% profit decline

Nigerian Exchange Group’s Q2 2023 results for the period ending June 2023, pre-tax earnings decreased...