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Financial Performance

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  • Noor Takaful Insurance Triumphs with Impressive N1.87bn Profit After Tax

    Noor Takaful Insurance Limited has announced a post-tax profit of N1.87 billion for the fiscal year 2024. This net profit marks a remarkable 79% rise...

    Noor Takaful Distributes N404m Surplus To Participants
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    Politics Today
    Noor Takaful Insurance Limited has announced a post-tax profit of N1.87 billion for the fiscal year 2024. This net profit marks a remarkable 79% rise compared to the N1.05 billion reported in 2023, highlighting substantial financial growth. Additionally, the board has sanctioned a dividend of 7.0 kobo per share for 2024, an increase from the...
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  • Zenith Bank Soars with N625bn Profit, Rewards Shareholders with N1.25 Dividend!

    Zenith Bank Plc has announced its consolidated financial results for the first half of 2025, showcasing a remarkable profit before tax of N625.629 billion. The...

    Zenith Bank Posts N625bn Profit as Shareholder gets N1.25 Dividend
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    Politics Today
    Zenith Bank Plc has announced its consolidated financial results for the first half of 2025, showcasing a remarkable profit before tax of N625.629 billion. The Board has approved an interim dividend of N1.25 per share, marking a 25% increase from the N1.00 dividend paid in H1 2024. This move underscores Zenith Bank’s reputation as a...
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  • UBA Slashes Fraud Losses by Nearly 50%, Soars to ₦335bn Profit Milestone

    United Bank for Africa (UBA), boasting a market valuation of ₦1.93 trillion ($1.29 billion) and operations spanning 20 African nations, successfully reduced its fraud-related losses...

    UBA cut fraud losses nearly in half, as profits hit ₦335bn
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    Tech
    United Bank for Africa (UBA), boasting a market valuation of ₦1.93 trillion ($1.29 billion) and operations spanning 20 African nations, successfully reduced its fraud-related losses by 45.35% to ₦288 million ($192,130) during the first half of 2025. This improvement came alongside a 6.06% rise in profit after tax, which reached ₦335.53 billion ($223.84 million), as...
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  • UBA Soars with N1.608 Trillion Gross Earnings and N335 Billion After-Tax Profit in H1!

    United Bank for Africa (UBA) Plc has announced its financial results for the six months ending June 30, 2025, reporting a profit after tax of...

    UBA Records N1.608trn Gross Earnings, N335bn After-tax Profit In H1
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    Politics Today
    United Bank for Africa (UBA) Plc has announced its financial results for the six months ending June 30, 2025, reporting a profit after tax of N335 billion. The bank submitted its audited half-year financial statements to the Nigerian Exchange Limited (NGX) yesterday, revealing notable increases in both gross earnings and net profit, reflecting a solid...
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  • AIICO Insurance Soars: Investment Income Surges 54% Driven by Stronger Returns

    AIICO Insurance Sees 54% Surge in Investment Income Amid Stronger Fixed-Income Yields AIICO Insurance Plc has announced a remarkable 54% increase in its investment income...

    AIICO Insurance’s investment income rises by 54% on increased returns
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    Business Updates
    AIICO Insurance Sees 54% Surge in Investment Income Amid Stronger Fixed-Income Yields AIICO Insurance Plc has announced a remarkable 54% increase in its investment income compared to the previous year. This significant growth is primarily attributed to improved returns from fixed-income securities, reflecting the company’s strategic focus on optimizing its investment portfolio. Boost in Fixed-Income...
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  • NNPC Profit Takes Another Hit, Plummeting to N185 Billion in July

    NNPC Reports Decline in July Profits Amid Strong Half-Year Contributions The Nigerian National Petroleum Company Limited (NNPC) has revealed a significant decrease in its profit...

    Again, NNPC profit drops to N185 billion in July
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    Opinion
    NNPC Reports Decline in July Profits Amid Strong Half-Year Contributions The Nigerian National Petroleum Company Limited (NNPC) has revealed a significant decrease in its profit for July 2025, with earnings falling to N185 billion. This marks a continued downward trend in monthly profitability for the state-owned oil giant. Robust Half-Year Payments to Federation Account Despite...
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