Profit

Guinness Nigeria Appoints New Board Members As Tolaram Completes Acquisition

Guinness Exits Loss Phase With N7.02bn Profit, Revenue Grows By 52%

Guinness Nigeria has revealed that it recorded N118.33 billion revenue for the quarter ended March 31, 2025, compared to N77.70 billion turnover reported in the same period last year, indicating an increase

Prime Business Africa

July 9, 2025

Business·Top Stories

Cutix Grows Revenue To N3.96bn, Profit Declines By 60%

Cutix Plc, a wire and cable manufacturer for electrical, automobile, and telecommunication, generated N3.96 billion turnover in the fourth quarter (Q4) ending April 30, 2025. According to its unaudited financial statement for

Prime Business Africa

July 8, 2025

Business·Top Stories

Sunu Assurances’ Revenue Rises To N5.28bn – But Profit Drops By 69%

Sunu Assurances’ revenue jumped 34.66 percent to N5.28 billion in the first quarter (Q1) of 2025, surpassing the N3.92 billion generated in the corresponding period in 2024. The company’s financial statement for

Prime Business Africa

July 4, 2025

Business·Top Stories

Costs Gulp 46% Of Neimeth’s Turnover As Expenses Rise By 296%

Over N1.20 billion was recorded as revenue by Neimeth International Pharmaceuticals Plc in the first quarter (Q1) of 2025, exceeding the N648.25 million turnover reported in Q1 2024, reflecting an increase of

Prime Business Africa

July 3, 2025

Business·Top Stories

56% Increase In Income Tax Eats Into NEM Insurance’s Profit Of N14.85bn

NEM Insurance reported its revenue for the first quarter (Q1) of 2025 was N46.05 billion, surpassing the N29.03 billion generated in Q1 2024, indicating an increase of 58.63 percent. However, the increase

Prime Business Africa

June 30, 2025

Business·Top Stories

Sterling Financial Holdings Records N95bn Gross Earnings, Profit Up 129.62%

In its condensed unaudited group interim financial statements, Sterling Financial Holdings Company Plc disclosed that its gross earnings increased by 34.09 percent to N95.23 billion in the first quarter (Q1) of 2025,

Prime Business Africa

June 20, 2025

Business·Top Stories

NPF Microfinance Bank Earnings Hit N4.50bn, Profit Up 73.37%

The NPF Microfinance Bank has reported N4.50 billion as gross earnings for the first quarter (Q1) of 2025, noting that it rose by 63.96 percent compared to the N2.74 billion posted in

Prime Business Africa

June 19, 2025

Business·Top Stories

AIICO Exceeds Topline, Bottom Line Forecasts, But Profit Drops 49.58%

AIICO Insurance exceeded its topline and bottom line forecast for the first quarter (Q1) of 2025, after recording N54.81 billion gross written premium, compared to the N50.54 billion projected for the period.

Prime Business Africa

June 18, 2025

Business·Top Stories

Lasaco Assurance Recorded N10.43bn Turnover, PAT Grew 26.46% In Q1 2025

Lasaco Assurance has reported its revenue increased by 59 per cent to N10.43 billion in the first quarter (Q1) of 2025, exceeding the N6.57 billion turnover posted in Q1 2024. The company,

Prime Business Africa

June 16, 2025

Business·Top Stories

Sovereign Trust Insurance Grows Revenue To N20.44bn, Profit Rises By 34%

Sovereign Trust Insurance grew its revenue from N15.46 billion generated in the first quarter (Q1) of 2024 to N20.44 billion in Q1 2025, indicating a 32 percent increase. This was announced in

Prime Business Africa

June 13, 2025

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Guinness Exits Loss Phase With N7.02bn Profit, Revenue Grows By 52%

Cutix Grows Revenue To N3.96bn, Profit Declines By 60%

Sunu Assurances’ Revenue Rises To N5.28bn – But Profit Drops By 69%

Costs Gulp 46% Of Neimeth’s Turnover As Expenses Rise By 296%

56% Increase In Income Tax Eats Into NEM Insurance’s Profit Of N14.85bn

Sterling Financial Holdings Records N95bn Gross Earnings, Profit Up 129.62%

NPF Microfinance Bank Earnings Hit N4.50bn, Profit Up 73.37%

AIICO Exceeds Topline, Bottom Line Forecasts, But Profit Drops 49.58%

Lasaco Assurance Recorded N10.43bn Turnover, PAT Grew 26.46% In Q1 2025

Sovereign Trust Insurance Grows Revenue To N20.44bn, Profit Rises By 34%

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