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Jennete Ugo Anya
- 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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- January 31, 2025
Tizeti Appoints Ojomo As Vice President
Tizeti, the Y Combinator-backed solar-powered internet service provider in West Africa, has appointed Mrs. Oluwadamilola Ojomo as Vice President of Financial Risk, Compliance, and Audit. This move comes ahead of Tizeti’s planned listing on the Nigerian Exchange (NGX), as the company aims to become the first Nigerian startup to explore a local stock exchange listing. […]
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- January 31, 2025
First Ally Capital Strengthens Its Leadership Team
First Ally Capital Limited has announced significant leadership changes, effective from January 1, 2025, reinforcing its commitment to innovation, growth, and exceptional customer service. The financial services group, based in Lagos, appointed four senior executives into key roles: Mrs. Olumayowa Ogunwemimo has been promoted to Deputy Group Managing Director, while continuing to serve as the […]
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- January 31, 2025
Airtel Africa Reports $248m Profit
Airtel Africa has reported a remarkable turnaround, with a profit after tax of $248 million for the nine-month period ending December 31, 2024. This is a significant jump from the $2 million profit in the same period last year. The exceptional growth was mainly driven by a $94 million gain from the appreciation of the […]
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- January 31, 2025
Geregu Power Reports 69.5% Jump In Pre-Tax Profit
Geregu Power Plc has reported a remarkable 69.5 percent increase in pre-tax profit for the full year of 2024, reaching N41.2 billion. Profit after tax surged by 71 percent, totalling N27.4 billion. This marks the company’s fifth consecutive year of profitability, with total assets growing to N243.7 billion. The surge in profits was primarily driven […]
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- January 31, 2025
FBN Holdings Reports 142% Profit Before Tax Surge In 2024
FBN Holdings Plc has reported a remarkable 142 percent increase in profit before tax (PBT) for the year ending December 31, 2024, reaching N862 billion. Gross earnings also surged by 113 percent to N3.33 trillion, highlighting the group’s strong financial performance. Net interest income grew by 155 percent year-on-year to N1.39 trillion, driven by an […]
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- January 31, 2025
BUA Foods Reports 28.8% Increase Pre-Tax Profit For Q4 2024
BUA Foods Plc has reported a remarkable 288.04 percent increase in pre-tax profit for quarter four (Q4) 2024, reaching N73.4 billion, up from N18.9 billion in the same quarter in the year 2023. The full-year pre-tax profit for 2024 surged 167.35 percent to N289 billion, compared to N108.1 billion in 2023. The fourth-quarter revenue for […]
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- January 30, 2025
Access Bank’s Maiden ATC: A Game-Changer for Investors and African Trade
By Enam Obiosio As Africa’s trade landscape evolves, Access Bank Plc is making a bold statement with its first-ever Africa Trade Conference (ATC), set to take place on March 12, 2025, in Cape Town, South Africa. This landmark event, themed ‘Empowering Africa Through Trade, Innovation, and Sustainable Growth’, not only reaffirms the bank’s leadership in […]
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- January 30, 2025
NMDPRA Grants 10 Gas Distribution Licenses To NNPC, Others
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has awarded 10 Gas Distribution Licenses (GDLs) to six companies, including the Nigerian National Petroleum Company (NNPC) Limited Gas Marketing Company and Shell Nigeria Gas Limited, to expand gas distribution and utilisation across the country. The licenses, issued during a ceremony in Abuja recently, grant exclusive […]
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- January 30, 2025
Cadbury Nigeria Posts ₦2bn Pre-Tax Profit In Q4 2024
Cadbury Nigeria Plc has reported a pre-tax profit of ₦2 billion for the fourth quarter of 2024, marking a strong recovery from a ₦17.3 billion loss recorded in the same period in 2023. This turnaround, disclosed in the company’s latest financial statement filed with the Nigerian Exchange (NGX) on January 27, 2025, also saw the […]
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