BUA Cement projects N241.9bn revenue

September 20, 2021 Amaka Ifeakandu 0

BUA Cement Plc has projected to increase its revenue by 15. 5 per cent to N241.9 billion at the end of second half of 2021 financial year. The group in its outlook for second half of 2021 said it is largely on course, having achieved 51.4 per cent of its full year revenue projection in the first half of 2021 Read More

Airtel Africa’s profit rises by 148.7%

August 8, 2021 Amaka Ifeakandu 0

Airtel Africa Plc has recorded revenue of $1.112 billion for the first quarter financial year ended June 30, 2021. The amount represents a growth of 30.7 per cent compared with $851 million reported in the same period of 2020. The company’s unaudited result showed that it recorded strong revenue growth across all regions, growing by 38.2 per cent in Nigeria Read More

MTN Group finally repatriates $280m in 2020 dividend from Nigeria

South Africa’s MTN Group has repatriated its last year’s dividend of around $280 million (R4.2 billion) from its local unit in Nigeria. The company reported the payout during the release of preliminary financial results for the six months to June 30, 2021. The funds from Nigeria are part of approximately $650 million (R9.3 billion) in cash the pan-African telecoms giant Read More

Unilever grows revenue by 40.8 % in 6 months

July 22, 2021 Amaka Ifeakandu 0

Unilever Nigeria Plc has recorded revenue of N19.724 billion for the second quarter of its 2021 financial year. The company result submitted at the Nigeria Exchange showed that the revenue increased by 4 per cent compared with N 14.008 billion reported the previous year. The company gross profit also went up by 69.40 per cent to N9.874 billion, from 6.156 Read More

TAJBank records highest EPS in Banking Industry, N845m PAT….As assets grew 443% in first year of operation

April 27, 2021 David Agba 0

TAJBank, one of Nigeria’s non-interest banking services provider, has recorded the highest earning per share (EPS) in the nation’s banking industry with its shareholders earning N11.82 per share, representing an appreciation of 1,182% on every N1 investment by them in the financial year 2020. This is even as the lender reported N845 million Profit After Tax (PAT) in its first Read More

TAJBank records highest EPS in Banking Industry, N845m PAT….As assets grew 443% in first year of operation

April 25, 2021 David Agba 0

TAJBank, one of Nigeria’s non-interest banking services provider, has recorded the highest earning pershare (EPS) in the nation’s banking industry with its shareholders earning N11.82 per share, representingan appreciation of 1,182% on every N1 investment by them in the financial year 2020. This is even as the lender reported N845 million Profit After Tax (PAT) in its first year of Read More

CSCS grows revenue, profit by 31.3%, 41.4%

April 18, 2021 Editorial IV 0

 Amidst unprecedented economic and financial market conditions occasioned by the COVID-19 pandemic, the Central Securities Clearing System Plc (CSCS) has announced its Audited 2020 Financial Results.The Group grew total income by 31.3% year-on-year (YoY) to N12.09 billion. With profit after tax of N6.93 billion, an incredible 41.4% year-on-year growth, translating to N1.39 earnings per share, it delivered 20.3% return on Read More