Company Report
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Dangote Cement reports N311.98bn PBT in Q1 2025
Dangote Cement Plc has released its unaudited financial results, reporting a profit before tax of N311.974 billion for the first quarter (Q1) ended March 31, 2025. The figure represents an 87.48 per cent growth compared to N166.404 billion recorded in Q1 2024. The company also posted a profit after tax of N209.245 billion, up 85.71 per cent, from N112.674 billion…
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Q1 2025: Lafarge Africa records 80% growth in revenue to N248.35bn
Lafarge Africa Plc has recorded sales revenue of N248.35 billion for the first quarter of the 2025 financial year. The sales revenue represents an increase of 80% from N137.77billion that was recorded in the corresponding period in 2024. The audited report revealed that the operating profit for the company in the first quarter of the financial year also grew from…
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Stock price of VFD Group drops to N17.1 amid share price adjustment
The stock price of VFD Group dropped to N17.1 per share as of Wednesday when the company announced share price adjustment and dividend payout to shareholders. The company quoted on the Nigerian Exchange Limited (NGX) as of Tuesday was trading at N96 per share. The company updated its shareholders on the recent mark down in its share price, regarding the…
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UBA grows profit by 31% to N204.27bn in Q1 2025
United Bank for Africa (UBA) Plc on Wednesday declared a 31 per cent increase in profit before tax to N204.27 billion in first quarter (Q1) ended March 2025 from N156.34 billion declared in the first quarter (Q1) ended March 31, 2024. The Pan-African financial institution announced profit after tax grew by 33.1 per cent to N189.8 billion in Q1 2025,…
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FCMB Capital Markets leads N11.85bn GLNG bond for LNG plant expansion
FCMB Capital Markets Ltd. successfully led the issuance of GLNG Funding SPV Plc’s N11.85 billion 10-Year Series 2 Senior Guaranteed Fixed Rate Infrastructure Bond, which closed in February. This milestone underscores investor confidence in Nigeria’s clean energy transition. The bond, issued by GLNG Funding SPV Plc and sponsored by Green Liquified Natural Gas (GLNG) as part of its capital-raising plans,…
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Nigerian Breweries declares N69.99bn profit in Q1 2025
The management of Nigerian Breweries Plc has turnaround its recent poor results to positive outcome when its first quarter (Q1) ended March 31, 2025 showed migration from a loss of N65.58billion in Q1 2024 to N69.99 billion profit before tax in Q1 2025. The Q1 2025 unaudited result and accounts released on the Nigerian Exchange Limited (NGX) showed that the…
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Ojulari outlines ambitious growth plan as new NNPC CEO
Newly appointed Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Mr. Bashir Bayo Ojulari, has unveiled an ambitious roadmap aimed at transforming the state-owned energy giant into a globally competitive, transparent, and high-performing enterprise. Ojulari addressed thousands of staff members during a townhall meeting at the NNPC Towers in Abuja on Thursday, just days…
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National food intervention programme: Dangote feeds 50,000 poor families in Kebbi, Gombe States
In continuation of its 2025 Annual National Food Intervention Programme, the Aliko Dangote Foundation (ADF), has distributed 50,000 bags of rice to poor and vulnerable families in Kebbi and Gombe States. Flagging of the distribution of the intervention in Aliero Local Government Area of Kebbi State on Thursday(yesterday), the Kebbi State Commissioner for Special Duties, Alhaji Zayyanu Aliero, said the…
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Dangote honoured as Leadership person for 2024
President of the Dangote Group, Aliko Dangote, has been named Person of the Year, even as he advocated a collaboration between the public and the private sector to help resolve Nigeria’s economic conundrum. Speaking at the 17th edition of the Leadership Annual Conference and Awards in Abuja, Dangote said the duo of public and private sectors must work together to…
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United Capital shareholders approve N14.4bn dividend payout
United Capital Plc on Friday held its 12th Annual General Meeting (AGM) at the in Abuja, where shareholders approved a total dividend payout of N14.4 billion for the 2024 financial year. This represents a 33 per cent increase from the previous year, reinforcing the company’s commitment to delivering exceptional value to its investors. The meeting, which brought together shareholders and…
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