MTN Nigeria Profit Shrinks To N144.24bn         MTN Nigeria’s profit dropped by 3.3 per cent, recording N144.24bn profit after tax in the nine-month period ended September 30, the company’s unaudited financial report released on Wednesday has shown. MTN said its operations were impacted by the devaluation of...

33 Listed Firms’ Profit Declines By N96bn In H1     At least 33 listed companies on the floor of the Nigerian Stock Exchange, who have so far published their half year result, have seen their cumulative profit after tax drop by N95.8 billion. The firms’ profits dropped...

22 Banks, Others Record N89bn Decline In Profit     At least 22 listed companies on the Nigeria Stock Exchange (NSE) recorded a drop in their Profit After Tax (PAT) by N89 billion in the first six months of 2020. The profit figure dropped from N457.6bn in 2019...

Dangote Cement Records N249bn Revenue, N88bn Profit     Dangote Cement Plc has posted a strong performance in the first quarter (Q1) ended March 31 2020, with revenue rising to N249.182 billion, up from N240.157 billion in the corresponding period of 2019. Profit Before Tax (PBT) appreciated...

Seven Nigerian Banks Record N209.16bn Profits     Seven Nigerian banks recorded a combined profit after tax of N209.16bn in the first quarter of this year, their unaudited financial results showed. The banks are Zenith Bank Plc, Guaranty Trust Bank Plc, Access Bank Plc, United Bank for Africa...

BoI Records N39.33bn Profit, Disburses N234bn To 10,145 Enterprises     With ₦234 billion disbursed to 10,145 enterprises, thus facilitating the creating of an estimated 1 million direct and indirect jobs, the bank of Industry (BoI) has recorded a profit of N39.33 billion for the2019 financial year. Indeed,...