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Jennete Ugo Anya
- April 2, 2025
President Tinubu Signs ISA 2024 into Law
President Bola Ahmed Tinubu has signed the Investment and Securities Act (ISA) 2024 into law, ushering in a new era of regulatory reforms designed to strengthen Nigeria’s capital market, enhance investor confidence, and align the country’s financial system with global standards. The new legislation, which repeals the Investment and Securities Act of 2007, grants the […]
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- April 2, 2025
Unilever Nigeria Reports N149.5bn Revenue In 2024
Unilever Nigeria Plc has recorded a strong financial performance for the year ending December 31, 2024, reporting N149.5 billion in revenue, a 43.94 percent increase from the N103.8 billion recorded in the previous year. The company’s growth was largely driven by domestic sales, which contributed N145.6 billion, while exports accounted for N3.8 billion. The company’s […]
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- April 2, 2025
UAC Announces N25bn As Profit -before tax
UAC of Nigeria Plc has staged a remarkable comeback, reporting a profit before tax of ₦25.5 billion for the year ended December 31, 2024. This represents a 107% increase from the previous year, marking a significant milestone in the company’s transformation journey. Just six years ago, UAC was struggling with declining revenues, operational inefficiencies, and […]
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- March 31, 2025
GTCo’s HabariPay Posts N3.8bn Profit In 2024
HabariPay, the fintech arm of Guaranty Trust Holding Co Plc (GTCo), reported a profit after tax of N3.8 billion in 2024, marking an 81 percent increase from the N2.1 billion recorded in the previous year. This remarkable growth reflects the rising momentum of GTCo’s fintech ambitions, as the company continues to carve out a strong […]
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- March 31, 2025
Wema Bank Reports N102bn Profit In 2024
Wema Bank Plc has recorded its strongest financial performance in five years, reporting a 141 percent surge in pre-tax profit to N102.5 billion for the financial year ending December 31, 2024. The bank’s gross earnings climbed to N433.43 billion, reflecting its ability to capitalise on rising interest rates and expand its asset base through strategic […]
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- 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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