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Financial statement

Zenith Bank’s Gross Earnings Rises By 125% In 2023

Zenith Bank Gross Earnings Cross N1trn, Tax Burden Affects Profit Growth

July 16, 2026

Zenith Bank’s gross earnings rose to N1 trillion in the first three months of 2026, rising by 6.14 percent when compared to the N949.85 billion recorded between January and March of 2025.

Stock Market Traders Favoured Ikeja Hotel Over Transcorp Hotels in 2025

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Ikeja Hotel Outperforming Transcorp Hotels As Nigerians Spent Over N29bn On Hotels

May 12, 2026

Ikeja Hotel outperformed Transcorp Hotels in the first quarter (Q1) of 2026, as the former’s topline and bottom line outstripped that of the latter, according to Prime Business Africa’s (PBA) analysis. Analysis

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Access Holdings Profit Crosses N1trn After Income Outstrips Expenses

May 7, 2026

Access Holdings recorded N5.52 trillion between January and December 2025, surpassing the N4.87 trillion reported in the corresponding period in 2024, representing an increase of 13.33 percent. According to the company’s consolidated

Coronation Insurance Revenue Rises To N15.75bn — But Profit Drops By 38.84%

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Coronation Insurance Revenue Rises To N15.75bn, Profit Drops By 38.84%

June 6, 2025

Coronation Insurance has announced N15.75 billion revenue for the first quarter (Q1) of 2025, indicating turnover increased by 54.18 percent year-on-year from the N10.22 billion reported in Q1 2024. Also, the company’s

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Access ARM Grows Profit To N4.33bn, Total Assets Increase By 131.48%

May 30, 2025

Access ARM Pensions Limited recorded a 124.73 percent increase in fee income, after reporting N24.04 billion in 2024, compared to the N10.69 billion declared in 2023. The company announced the increase in

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Wema Bank Performs Poorly In Q1 As Revenue Drops 41%, Profit Declines 72%

May 20, 2025

Wema Bank’s revenue fell by 41.79 per cent to N81.27 billion in the first quarter (Q1) of 2025, failing to surpass the N139.62 billion generated in the corresponding period in 2024. The

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Airtel Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 45% Of Turnover

May 19, 2025

Airtel Nigeria recorded a 15.5 percent growth in its revenue after generating $307 million in the first quarter (Q1) of 2025, compared to the $266 million turnover reported for the same period

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Seplat Generates N1.22trn Revenue In Three Months – Nearing 2024 Turnover

May 16, 2025

Seplat generated N1.22 trillion revenue in the first quarter (Q1) of 2025, almost replicating the N1.65 trillion turnover recorded for the whole of last year. According to the company’s financial statements for

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AXA Mansard’s Revenue Hits N40.33bn, PAT Drops By 51.74%

May 15, 2025

AXA Mansard’s revenue grew by 26.64 percent year-on-year to N40.33 billion in the first quarter (Q1) of 2025, from N31.84 billion in the corresponding period in 2024. In its consolidated and separate

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Interest On Deposits Cuts Into UBA’s Earnings

May 14, 2025

The interest income of the United Bank for Africa (UBA) grew to N599.83 billion in the first quarter (Q1) of 2025, up by 36.08 per cent from N440,76 billion in the corresponding

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Mecure Industries Is Worst-Performing Pharmaceutical Stock Year-To-Date

May 13, 2025

Mecure Industries is the worst-performing pharmaceutical stock so far in 2025, according to Prime Business Africa’s analysis of its stock market activity in the last five months. The analysis showed that the

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Tax Burden Reduces Legend Internet’s Profit By 51%

May 13, 2025

Legend Internet, an internet service provider (ISP), saw its revenue decline marginally by 5.76 percent to N1.13 billion for the year ended July 31, 2024, compared to the N1.20 billion generated during

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N625bn Interest Income Fails To Save First HoldCo From 17% Decline In Profit

May 12, 2025

First HoldCo has released its financial statements for the first quarter (Q1) of 2025, disclosing that the company grew its interest income by 40.15 percent year-on-year from N446.14 billion to N625.28 billion.

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Wema Bank records N433bn revenue, net income increases by 139.7%

April 23, 2025

Wema Bank closed 2024 with N433.43 billion gross earnings, surpassing the N226.91 billion revenue generated in 2023, indicating a year-on-year growth of 91 percent. According to the company’s annual report for the

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First HoldCo’s Profit Up By 118% As FX Loss Drops To N64.94bn

April 22, 2025

The gross earnings of First HoldCo increased to N3.21 trillion in 2024, which is 105.70 per cent higher than the N1.56 trillion the company reported the previous year. According to First HoldCo’s

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Zenith Bank Generates N3.97trn Revenue In One Year – Up By 86.27%

April 21, 2025

Zenith Bank generated N3.97 trillion revenue last year, according to the company’s consolidated and separate statements for the year ended December 31, 2024. The financial institution recorded 86.27 percent growth in its

Naira Scarcity: Zenith Bank's Profit Drops To N223.91bn, Faces N967bn Lawsuits

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Financial statement

Zenith Bank Gross Earnings Cross N1trn, Tax Burden Affects Profit Growth

Ikeja Hotel Outperforming Transcorp Hotels As Nigerians Spent Over N29bn On Hotels

Access Holdings Profit Crosses N1trn After Income Outstrips Expenses

Coronation Insurance Revenue Rises To N15.75bn, Profit Drops By 38.84%

Access ARM Grows Profit To N4.33bn, Total Assets Increase By 131.48%

Wema Bank Performs Poorly In Q1 As Revenue Drops 41%, Profit Declines 72%

Airtel Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 45% Of Turnover

Seplat Generates N1.22trn Revenue In Three Months – Nearing 2024 Turnover

AXA Mansard’s Revenue Hits N40.33bn, PAT Drops By 51.74%

Interest On Deposits Cuts Into UBA’s Earnings

Mecure Industries Is Worst-Performing Pharmaceutical Stock Year-To-Date

Tax Burden Reduces Legend Internet’s Profit By 51%

N625bn Interest Income Fails To Save First HoldCo From 17% Decline In Profit

Wema Bank records N433bn revenue, net income increases by 139.7%

First HoldCo’s Profit Up By 118% As FX Loss Drops To N64.94bn

Zenith Bank Generates N3.97trn Revenue In One Year – Up By 86.27%

Naira Scarcity: Zenith Bank’s Profit Drops to N223.91bn, Faces N967bn Lawsuits

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