Company Report
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Wema Bank grows profit by 135% to N102.5b, proposes N1.00 final dividend
…commences N150bn Rights issue in April 2025 Wema Bank Nigeria has released its audited Consolidated Financial Statements for the period ended December 3st, 2024, to the Nigerian Exchange Group (NGX). Wema Bank reported profit before tax of N102.51billion, representing an increase of 135 per cent over the N43.59 billion recorded in the corresponding period in 2023. The Bank also proposed…
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Zenith Bank grows PBT by 67% to N1.3trn in 2024FY
…proposes N4.00 final dividend Zenith Bank Plc has announced its audited financial results for the year ended December 31, 2024, delivering significant growth across key performance indicators. The Bank’s profit before tax (PBT) rose by 67per cent, reaching N1.3 trillion in 2024 from N796 billion in 2023, driven by a combination of top-line expansion and efficient treasury portfolio management. Net…
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CSN reaffirms commitment to professionalism, welfare
The Cinematographers Society of Nigeria (CSN) on Tuesday reiterated its commitment to maintaining professionalism in the industry. In a statement issued by its treasurer, John Aduloju, the group vowed to uphold ethical standards and ensure the welfare of technical crews in television and film. “Our objective is to maintain professionalism, ensure the welfare of every technical crew in television and…
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Food intervention programme: Dangote donates 25,000 bags of rice to Kwara residents
The Aliko Dangote Foundation (ADF) has extended its Food Intervention Programme to Kwara State with 25,000 bags of 10kg rice set to be distributed across 16 local government areas in three days. The ADF team led by the Group General Manager Human Resources, Dangote Cement PLC, Ahmed Gobir, was received by the Kwara State governor, Abdulrazaq Abdulrahman, represented by his…
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Dangote Cement scores higher CDP ratings for climate change, water security
Dangote Cement Plc (DCP) has achieved a ‘B’ score in climate change and water security disclosures according to the recently released 2024 CDP results. CDP (formerly Carbon Disclosure Project) is the world’s largest, most comprehensive dataset on environmental action which empowers investors, companies, cities, and national and regional governments to make earth-positive decisions. Dangote Cement has disclosed its environmental practices…
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NGX admits Dangote Cement’s N38bn 10-year bond
Nigerian Exchange Limited (NGX) has admitted Dangote Cement Plc’s N38.2billion 10-year fixed-rate senior unsecured bonds. The bond, which carries an annual coupon rate of 23.5 per cent, is part of the company’s N300 billion multi-instrument issuance programme. According to a filing by the Head of the Issuer Regulation Department at NGX, Godstime Iwenekhai, the listing took effect on Thursday, March…
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Access Bank to honour power of 100 awardees at International Women’s Day conference.
Access Bank has announced that it will be honouring the distinguished Power of 100 awardees at its upcoming International Women’s Day (IWD) Conference. This event, scheduled for this month will celebrate the achievements of exceptional women who have demonstrated outstanding leadership, innovation, and impact across various industries in Africa. The Power of 100 initiative is part of Access Bank’s continuous…
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Dangote Cement Zambia bags three sustainability awards
Dangote Cement Zambia, a subsidiary of Dangote Cement Plc has bagged three awards at the 6th national Corporate Social Responsibility (CSR) & Sustainability Awards held in Lusaka, the Zambian capital. During the awards organised by CSR Network Zambia, the company carted home the Food Security Initiative Award in the Excellence in Agriculture category, the Best Waste Recycling Initiative Award in…
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Palliatives: Dangote donates 80,000 bags of rice to Lagos residents
… Sanwo-Olu says Dangote prioritize Nigerians’ welfare above profit The Aliko Dangote Foundation, (ADF) has flagged off the distribution of 80,000 10kg bags of rice to the vulnerable in Lagos state. President of Dangote Group and Chairman of the foundation, Aliko Dangote, who was represented by an Executive Director, in the Group, Hajiya, Marya Dangote noted that the gesture is…
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MTN Nigeria total unclaimed dividend rises to N612.5bn in 2024
MTN Nigeria Communication Plc has disclosed that its total amount of unclaimed dividends outstanding as at December 31 , 2024 increased to N612.5 billion from N1.38 billion in 2023. The telecommunication giant in its audited result and accounts for full year ended December 31, 2024 said in line with Securities Exchange Commission (SEC) guidelines, Coronation Registrars Limited returned to the…
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