Company Report
-
Zenith Bank leads 10 other companies in N92.71bn unclaimed dividend
Amid inconsistent sensitisation initiatives and investors’ apathy, a total of 11 listed companies on the Nigerian Exchange Limited (NGX) reported accumulated N92.71billion outstanding unclaimed dividend in 2021. The 11 companies reported N78.2 billion outstanding unclaimed dividend in 2020, representing an increase of 19 per cent when compared to 2021 unclaimed dividend. Unclaimed dividend is the dividend which is being…
Read More » -
Lafarge Africa launches its 2021 sustainability report
Leading innovative and sustainable building solutions company, Lafarge Africa Plc., has presented its 2021 Sustainability Report to investors and the general public at the ‘Facts Behind the Sustainability Report’ session hosted by the Nigeria Exchange Limited The comprehensive sustainability report shows that the company’s focus on sustainability has truly been effective and yielding positive results for its main stakeholders and…
Read More » -
AGF’s alleged N109bn fraud: EFCC to quiz Jaiz Bank CEO, Hassan Usman, others
The Economic and Financial Crimes Commission (EFCC) may soon summon Hassan Usman, the managing director of Jaiz Bank Plc, and other senior members of the Islamic bank for questioning regarding their alleged roles in the N109 billion that Ahmed Idris, the disgraced former Accountant General of the Federation, is accused of stealing, according to sources in the commission. Idris, who…
Read More » -
Sterling Bank reports 1.1% NPL in H1 2022
Sterling bank Plc has announced 1.1 per cent increase in its Non-Performing Loan as of June 30, 2022 from 0.7 per cent reported in 2021 full financial year for the period ended December 31, 2021. Other key financial ratio revealed that Sterling Bank maintained a strong capital and liquidity position recording 14.4per cent and 31.3per cent, respectively above the Central…
Read More » -
Wema Bank records impressive financial performance in H1 2022
Wema Bank Plc, pioneer of Africa’s first fully digital bank and one of Nigeria’s most resilient banks, has posted a growth performance across all financial indices in the first-half of its 2022 operations. This was contained in the Financial Results for the period ended June, 30, 2022. In the report, the bank recorded an increase of 50 per cent in…
Read More » -
FBN Holdings reports 48.6% increase in profit to N56.5bn
FBN Holdings Plc, the holding company of Nigeria’s premier bank, First Bank has released its result for the first half of the year with 7.52per cent rise in profit for three months to N24.135 billion from N22.446 billion in Q2 2021. However, profit for the half year jumped by 48.6per cent to N56.536 billion from N38.045 billion in H1 2021.…
Read More » -
After conquering Nigerian market, X3M Ideas expands to Dubai, Kenya, Congo Brazzaville
One of the fastest-growing, full-service marketing communication agencies in Nigeria, X3M Ideas is celebrating its 10th anniversary with expansion projects in Dubai, Kenya and Congo Brazzaville. The agency which began its operations in Nigeria on the 1st of August 2012 has recorded tremendous success in transforming the advertising landscape in Nigeria. Through its investment in young talents with varied expertise…
Read More » -
Dangote Cement, Lafarge Africa, BUA Cement report N270.88bn profit in H1 2022
Three cement producing companies, Dangote Cement Plc, BUA Cement Plc and Lafarge Africa Plc have announced N270.88billion profit in unaudited half year (H1) financial statements for the period ended June 30, 2022. This is 2.8 per cent increase from N263.35billion profit reported in H1 2021. The three companies surmounted pressure on the production cost of sales in the period, attributable…
Read More » -
MTN Nigeria reports 28.1% increase in profit to N181.6bn
MTN Nigeria Communications Plc has announced its unaudited results for the half-year ended 30 June 2022 with 28.1per cent rise in profit after tax (PAT) to N181.6 billion. Highlights of the results include Mobile subscribers increased by 7.6 per cent to 74.1 million (added 5.7 million subscribers in H1 2022); active data users increased by 13.2 per cent to 36.8…
Read More » -
H1 2022: Unity Bank records 23% growth in PAT
Unity Bank Plc has posted gross earnings of N27.6 billion for its 2022 half-year results, representing a growth of 17per cent year-on-year. In its unaudited half-year financials submitted to the Nigeria Exchange Group Limited, the Bank also made significant improvements across key performance indicators. The Bank grew Profit Before Tax (PBT) by 23 per cent which rose to N1.8 billion…
Read More »
Follow our WhatsApp Channel