Browse Tag

Profit

Production Cost Gulps 82% Of Cutix’s Revenue, Profit Drops By 81%

In the first quarter (Q2) of 2025, Cutix Plc recorded a marginal decline of 1 percent, after generating N3,52 billion, compared to the N3,55 billion reported in the corresponding period in 2024. According to the company’s unaudited financial statements for the Q1

September 4, 2025

Business·Top Stories

Meyer Earns N2bn From Paint Sale, Grows Profit By 104.85%

Meyer Plc ended the first half (H1) of 2025 with N2.02 billion revenue, surpassing the N1.32 billion generated in the corresponding period in 2024, representing an increase of 52.74 percent. According to the company’s unaudited interim consolidated and separate financial statements for

August 29, 2025

Business·Top Stories

Neimeth Grows Revenue To N2.9bn, Records 710% Increase In Finance Costs

Between January and June 2025, Neimeth International Pharmaceuticals recorded N2.90 billion turnover, compared to the N1.65 billion revenue filed in the first half (H1) of 2025, indicating an increase of 76 percent. According to the company’s financial statements for H1 2025, Neimeth’s

August 28, 2025

Business·Top Stories

Beta Glass Reduces Impact Of Cost On Revenue As Turnover Rises 63.37%

Beta Glass closed the first half (H1) of 2025 with N78.23 billion revenue, exceeding the N47.88 billion grossed in H1 2024, representing an increase of 63.37 percent. This is according to the glass container manufacturer’s unaudited interim financial statements for the six

August 27, 2025

Business·Top Stories

BUA Foods Secures N470.21bn Revenue In Three Months

BUA Foods recorded N470.21 billion turnover in the second quarter (Q2) of 2025, up by 49.05 percent when compared to the N315.47 billion secured in the corresponding period of last year. This was disclosed in BUA Foods’ unaudited financial statements for the

August 26, 2025

Business·Top Stories

Prestige Assurance’s Failure To Curb Expenses Results In 81% Drop In Profit

Prestige Assurance said it surpassed the N11.57 billion gross premium reported for the first half (H1) of 2024, after recording N15.32 billion in the same period this year, reflecting an increase of 32 percent. According to the company’s unaudited financial statements for

August 21, 2025

Business·Top Stories

Jaiz Bank Grows Revenue By 25%, Records N7.62bn Profit In Three Months

Jaiz Bank ended the second quarter (Q2) of 2025 with N23.49 billion gross earnings, compared to the N18.72 billion reported in the corresponding period in 2024, indicating an increase of 25.45 percent. The financial institution announced the increase in its unaudited financial

August 20, 2025

Business·Top Stories

Linkage Assurance Grows Revenue To N6.48bn, Profit Falls By 68%

Linkage Assurance reported N6.48 billion as insurance revenue in the second quarter (Q2) of 2025, exceeding the N5.67 billion posted in Q2 2024, indicating a growth of 14.34 percent. In the company’s Q2 2025 unaudited financial statement, Linkage Assurance said service expenses

August 19, 2025

Business·Top Stories

Ecobank Records N794bn Revenue In Three Months

Ecobank’s interest income increased by 28 percent to N794.02 billion between April and June 2025, compared to the N620.01 billion generated in Q2 2024. Breakdown of the interest income showed interest income calculated using the effective interest method contributed N795.06 billion in

August 18, 2025

Business·Top Stories

Wema Bank Reports N240.65bn Profit In Six Months

In the first half (H1) of 2025, Wema Bank recorded N240.65 billion in interest income, exceeding the N146.06 billion notched up in H1 2024, representing an increase of 64.75 percent. According to the company’s consolidated and separate financial statements for the period

August 15, 2025

1 2 3 … 7 Next

Cookie	Duration	Description
cookielawinfo-checbox-analytics	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checbox-functional	11 months	The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checbox-others	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-necessary	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-performance	11 months	This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy	11 months	The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.

Profit

Production Cost Gulps 82% Of Cutix’s Revenue, Profit Drops By 81%

Meyer Earns N2bn From Paint Sale, Grows Profit By 104.85%

Neimeth Grows Revenue To N2.9bn, Records 710% Increase In Finance Costs

Beta Glass Reduces Impact Of Cost On Revenue As Turnover Rises 63.37%

BUA Foods Secures N470.21bn Revenue In Three Months

Prestige Assurance’s Failure To Curb Expenses Results In 81% Drop In Profit

Jaiz Bank Grows Revenue By 25%, Records N7.62bn Profit In Three Months

Linkage Assurance Grows Revenue To N6.48bn, Profit Falls By 68%

Ecobank Records N794bn Revenue In Three Months

Wema Bank Reports N240.65bn Profit In Six Months

Featured Stories

Trump Threatens to Cut U.S. Aid to Nigeria, Military Action Over Killings of Christians

ICRC President Says World Leaders Must Act to End Killing in Sudan

Arab Bank, DCO Agree on Framework for Cooperation on Inclusive, Sustainable Digital Economies

Security Forces Intensify Manhunt for Abducted Kebbi Deputy Speaker

Whatsapp Channel

Latest News

Obi Urges Diplomatic Engagement as U.S. Declares Nigeria ‘Country of Particular Concern’

Lagos Police Declare Sowore Wanted Over Alleged Protest Plot

At Least 27 Dead, Hundreds Injured as Powerful Earthquake Strikes Northern Afghanistan

FCT Police Roll Out Intensive Three-Month Operation to Flush Out Criminals in Abuja

Investors Reposition As US-China Trade Deal Nears Completion

‘With No More Fed Cuts This Year, US Risks Stagflation’

INNOVATION SERIES: How Optiva Capital Partners Unlocks Global Opportunities in Africa’s Investment Immigration Revolution – Franklin Nechi

Silver Slides as Investors Lock in Profits Amid Receding Fears

Obi Urges Diplomatic Engagement as U.S. Declares Nigeria ‘Country of Particular Concern’

Suggestions

Profit

Featured Stories

Follow Us

Whatsapp Channel

Latest News