Company Report
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FY 2021: Unity Bank grosses N50.28bn in earnings, N3.33bn in profit
…as Total Assets Hit N538.87bn Unity Bank Plc has declared a profit before tax of N3.33 billion in the financial year ended December 2021, indicating a 49.9 percent increase from the N2.22 billion it recorded in 2020. Similarly, review of the lender’s 2021 full-year result filed with the Nigeria Exchange Group showed a significant improvement in its bottom line as…
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Xantos expands operations to Africa
As part of its mission to help millions of people across the world achieve financial independence, leading investment platform, Xantos Lab has expanded its operations to Africa, starting with Nigeria, Ghana, South Africa and Kenya. The platform which has built its reputation in over 150 countries will extend its service to Africans, providing a veritable platform through which individuals can…
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BUA Foods records N22.85bn PAT for Q1 2022
BUA Foods is truly blazing the trail and the figures are looking up for investors as the company marches on even in first year of being listed. BUA Foods is Nigeria’s leading food and fast-moving consumer goods (FMCG) business, which processes, manufactures, produces and distributes food materials such as sugar, flour, pasta, rice, and edible oils as well as packaged…
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FMDQ Exchange admits Dufil Prima Foods N30.00bn series 5, 6 CPs
FMDQ Securities Exchange Limited has continued to work collaboratively with market stakeholders to ensure that growth and development opportunities abound for the markets under its purview. Following the due diligence process, the Exchange is pleased to announce the approval of the Dufil Prima Foods Plc’s N8billion Series 5 and N22 billion Series 6 Commercial Papers (CPs) under its N30billion CP…
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Dangote Cement ramps-up production at Okpella plant
…as earnings per share hit N6.18 Dangote Cement Plc on Monday said it has ramped up production at its newest plant, in Okpella, Edo State even as its earnings per share rose by 16.8 per cent to N6.18 in the three months ended March 31, 2022. The cement manufacturing company in a statement said ramping up production at the Okpella…
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Access Bank promotes 800 employees as it transitions to Holdco structure
Access Bank PLC on Monday announced the promotion of 800 employees following a transparent and robust performance management review in line with global best practices. The announcement comes as the financial giant shores up its transition to a Holding Company (Holdco) starting May 1st, 2022. The Bank’s consistent growth over the years has been due to the immeasurable effort and…
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World Earth Day 2022: Unity Bank, others clean Lagos beach, plant trees
In commemoration of this year’s World Earth Day, Unity Bank Plc in partnership with three non-government organisations – Recycling Scheme for Women and Youth Empowerment (RESWAYE), MEDIC and KBG – has conducted a beach cleaning exercise as part of its commitments to promoting environmental sustainability. About 200 members of staff, as well as over 100 members of RESWAYE thronged the…
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Forte Upstream Services receives ISO 9001:2015 certification for quality management
Forte Upstream Services Limited has received the ISO 9001:2015 certification for its quality management system. The certificate was presented by the Standard Organization of Nigeria (SON) to the company on Thursday, 28th April 2022 at an event held at the Lagos State Civic Centre. The award was issued as a result of the conformity of the company’s Quality Management System…
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Union Bank reports 8.8% drop in profit before tax to N6.4bn
Union Bank of Nigeria has released its unaudited financial statements for the first quarter ended March 31, 2022 with profit before tax dropping by 8.8 per cent to N6.4billion from N7billion reported in the first quarter ended March 31, 2021. The lender on the Nigerian Exchange Limited (NGX) announced gross earnings that grew by 18per cent to N42.9billion from N36.4billion…
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Nestle Nigeria announces N17.98bn profit in Q1 2022
Nestlé Nigeria has announced its financial results for the first quarter of 2022, ending March 31, with profit after tax for of N17.98 billion from N12.4 billion reported in the first quarter of 2021. The company, according to its unaudited financial statement posted on the Nigeran Exchange Limited (NGX), grew its revenue by 26.3 per cent to N110.2 billion against…
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