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Jennete Ugo Anya
- 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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- 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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