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Jennete Ugo Anya
- March 31, 2025
eTranzact Announces N4.8bn Full-year profit For 2024, Declares Dividend
eTranzact International Plc has reported a pre-tax profit of ₦4.8 billion for the financial year ending December 31, 2024, reflecting an impressive 53.2 percent growth compared to the ₦3.1 billion recorded in 2023. This surge in profitability comes despite an 11.82 percent decline in revenue, which fell from ₦33.9 billion to ₦29.8 billion, largely due […]
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- March 31, 2025
Fidelity Bank Reports N385bn Pre-Tax Profit In 2024
Fidelity Bank Plc has reported a record-breaking pre-tax profit of N385.215 billion for the 2024 financial year, marking an extraordinary 210.01 percent year-on-year (YoY) growth. The latest audited financial statement, released on March 31, 2025, highlights the bank’s ability to sustain impressive earnings momentum, strengthen its asset base, and reward shareholders despite macroeconomic headwinds. The […]
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- March 31, 2025
Palmpay Launches First Verve Debit Cards
PalmPay, one of Nigeria’s fastest-growing fintechs, has officially launched its first debit card in collaboration with Verve, reinforcing its transition from a mobile wallet to a full-service financial platform. With over 35 million users, the fintech’s latest move aligns with a broader trend among Nigerian digital finance firms, which are increasingly favouring local card schemes […]
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- March 28, 2025
Ecobank Reports 16% Profit Growth To $333m In 2024
Ecobank Transnational Incorporated (ETI) has reported a 16 percent increase in profit after tax, reaching $333 million in 2024. The pan-African financial group attributed the surge to strong fee and commission income, improved efficiency, reduced impairment charges on other financial assets, and a lower effective tax rate. Net revenue for the year climbed slightly to […]
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- March 28, 2025
Zenith Bank Reports N1.032trn Profit, Declares Dividend
Zenith Bank Plc has announced a 52.58 percent surge in profit after tax, reaching N1.032 trillion in 2024, up from N676.909 billion in the previous year. The latest bank’s audited financial results, filed with the Nigerian Exchange (NGX), reflect a strong performance driven by significant growth in interest income, strategic asset management, and a substantial […]
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- March 26, 2025
Seplat Energy to Redeem $3.2m Outstanding Notes on April 1
Seplat Energy Plc has announced plans to redeem its remaining $3.2 million outstanding notes on April 1, 2025, in accordance with its indenture agreement. In a statement released recently, the company’s Chief Financial Officer, Eleanor Adaralegbe, confirmed that the redemption applies to the entire outstanding principal amount of the notes issued under the indenture dated […]
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- March 26, 2025
Dangote Sugar Refinery Appoints Ayeni As Independent Director
Dangote Sugar Refinery Plc has announced the appointment of Mrs. Yemisi Ayeni as an Independent Non-Executive Director, reinforcing the company’s commitment to strong corporate governance and strategic leadership. In a recent statement issued by the company, the board of directors approved Mrs. Ayeni’s appointment on March 20, 2025, citing her extensive experience in finance, governance, […]
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- March 26, 2025
UBA Reports N804bn Profit for 2024, Declares N3.00 Dividend
United Bank for Africa (UBA) Plc has posted another year of strong financial performance, reporting a 26.14 percent increase in profit after tax (PAT) to N766.6 billion for the full year ended December 31, 2024. The audited results, filed with the Nigerian Exchange Limited (NGX) recently, also reveal a 6.1 percent rise in profit before […]
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- March 24, 2025
CWG Plc Reports N4.4bn Pre-Tax Profit, Announces Dividend
CWG Plc has reported a remarkable financial performance for the year ended December 31, 2024, posting a pre-tax profit of N4.4 billion, representing a 290.24 percent increase from the N1.1 billion recorded the previous year. The company’s full-year revenue surged by 97 percent year-over-year, reaching N46.3 billion, nearly doubling the N23.5 billion reported in 2023. […]
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- March 24, 2025
LivingTrust Mortgage Bank Obtains CBN’s Approval To Appoint 8 New Directors
LivingTrust Mortgage Bank Plc has secured approval from the Central Bank of Nigeria (CBN) to appoint eight new directors to its board, a move that highlights its commitment to strengthening leadership and driving its growth strategy. The bank, in a notification to the Nigerian Exchange Group Limited (NGX Group) signed by its Managing Director and […]
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