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Jennete Ugo Anya
- February 10, 2025
FG, W\Bank Discuss Capital Market Solutions for Infrastructure Funding
The World Bank has announced plans to introduce its Joint Capital Markets Programme (J-CAP) in Nigeria, aiming to strengthen the country’s capital markets and increase funding for key sectors such as infrastructure, housing, and agriculture. Mrs. Patricia Canziani, Global Head of Capital Markets and Housing, Financial Institutions at the International Finance Corporation (IFC), disclosed this […]
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- February 10, 2025
Investor Relations: Impacting MSMEs Crowdfunding in Nigeria
By Enam Obiosio Micro, Small, and Medium Enterprises (MSMEs) are the backbone of Nigeria’s economy, contributing significantly to employment and gross domestic product (GDP) growth. However, one of the most pressing challenges these enterprises face is access to adequate funding. In response to this, the Securities and Exchange Commission (SEC) on January 21, 2021 introduced […]
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- February 5, 2025
Africa Prudential Appoints New Directors
Africa Prudential Plc has announced the appointment of Mr. Oluwaseyi Abe as an Independent Non-Executive Director and Mr. Chidi Okpala as a Non-Executive Director. These appointments took effect from January 28, 2024, pending the approval of the Securities and Exchange Commission (SEC). In a recent statement signed by the company secretary, Mr. Joseph Jibunoh, Africa […]
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- February 5, 2025
Adeduntan Launches Sequoia Financial Services
The former Chief Executive Officer (CEO) of FirstBank, Mr. Adesola Adeduntan, has launched a new financial services firm, Sequoia Financial Services Limited, marking his first major venture since stepping down from the bank in April 2024. He, who led FirstBank for nine years, brings a wealth of experience in banking, corporate finance, and risk management […]
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- February 5, 2025
Presco PLC Reports N128bn Full-Year Pre-Tax Profit
Presco PLC has announced a full-year pre-tax profit of N128 billion in its latest financial report, released on the Nigerian Exchange (NGX) on January 31, 2025. This marks a 156.05 percent increase compared to the N50 billion reported in 2023, with the fourth quarter (Q4) alone recording an impressive N60.9 billion—up 233.46 percent from the […]
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- February 5, 2025
Oando Reports 45% Revenue Growth In FY 2024 Results
Oando PLC has announced a 45 percent increase in revenue for the Full Year (FY) 2024, reaching ₦4.1 trillion compared to ₦2.9 trillion in FY 2023. The company also posted a nine percent rise in profit after tax, amounting to ₦65.5 billion, despite a challenging operating environment. The company’s strong performance was primarily driven by […]
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- February 3, 2025
Conoil Reports 12.45% Rise In Pre-Tax Profit In 2024
Conoil Plc has reported a solid performance in 2024, with pre-tax profit rising by 12.45 percent to N13.806 billion, supported by a 60.45 percent surge in revenue to N323.123 billion. The growth was primarily driven by the company’s white products, which contributed 96 percent of total revenue and grew by 62.42 percent year-over-year (YoY). However, […]
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- February 3, 2025
Palmpay, Others Process ₦71.5trn Worth Transactions In 2024
The mobile money sector in Nigeria has experienced significant growth in 2024, with licensed operators such as Palmpay, OPay, and 15 others processing transactions worth N71.5 trillion, a 53.4 percent increase compared to the N46.6 trillion recorded in 2023. The volume of transactions also rose by 23 percent, from 3 billion in 2023 to 3.9 […]
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- February 3, 2025
Sterling Holdings’ Pre-Tax Profit Soars By 97% In 2024
Sterling Financial Holdings Company Plc has reported an outstanding performance in 2024, with pre-tax profit surging by 97.21 percent to N44.753 billion, driven by a 67.09 percent increase in net interest income. This growth was primarily fuelled by higher interest income from loans and advances to customers, which accounted for 68 percent of total interest […]
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- February 3, 2025
MRS Oil Nigeria’s FY 2024 Soars By 71.26% In Revenue
MRS Oil Nigeria Plc has reported a strong financial performance in financial year (FY) 2024, marked by a 71.26 percent surge in revenue to N312.2 billion, driven primarily by robust sales of premium motor spirit (PMS), which accounted for 87.1 percent of total revenue. Despite a significant 72.32 percent increase in the cost of sales […]
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