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Profit - Page 2

UAC Nigeria Overcomes Soaring Expenses To Post N34bn Profit

September 7, 2026

UAC Nigeria generated N364.97 billion in revenue between January and June 2026, surpassing the N110.40 billion recorded in the first half (H1) of 2025, indicating a 230.57 percent growth. The same was

Preline Limited Splashes N17.55 billion On Eterna Plc’s Shares

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Eterna Grows Profit By 388% — Despite N203m FX Loss In H1 2026

September 4, 2026

Eterna Plc grew its revenue to N217.31 billion in the first half (H1) of 2026, exceeding the N157.65 billion generated in H1 2025, representing a 37.84 percent growth. In the oil company’s

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Caverton Offshore Records N8bn Loss As Revenue Drops 10%

September 2, 2026

Caverton Offshore Support Group recorded a 10.88 percent decline in its revenue in the first half (H1) of 2026, dropping to N14.68 billion, below the N16.47 billion generated in the corresponding period

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FX Loss, Decline In Investment Earnings… Why Mutual Benefits’ Profit Fell 16% In H1 2026

August 28, 2026

Mutual Benefits Assurance’s revenue grew by 3 percent to N42.25 billion in the first half (H1) of 2026, exceeding the N41.19 billion generated in H1 2025. The company’s insurance service expense outstripped

Production Cost Gulped More Than Half Of Fidson's Revenue In 2025

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Fidson Healthcare Records N74bn Revenue — Loses 56% Of Turnover To Cost Of Production

August 24, 2026

Fidson Healthcare’s revenue reached N74.48 billion in the first half (H1) of 2026, compared to the N62.64 billion generated by the pharmaceutical company in H1 2025, representing an 18.90 percent growth. The

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Why Geregu Power’s Profit Dropped From N20.27bn To N2.50bn In H1 2026

August 21, 2026

Geregu Power’s revenue dropped to N18.65 billion in the first half (H1) of 2026, failing to achieve the N87.63 billion generated in H1 2025, indicating a 78.71 percent decline. According to analysis

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Jaiz Bank Generates N29bn From Financing Contracts, N25bn From Investment In H1 2026

August 20, 2026

Over N57.94 billion in revenue was generated by Jaiz Bank in the first half (H1) of 2026, exceeding the N45.54 billion recorded in the corresponding period in 2025, representing a 27.23 percent

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Revenue Surge, Falling Operational Costs… How Seplat Achieved Over 400% Profit Growth In H1 2026

August 19, 2026

Seplat Energy generated N2.50 trillion in revenue in the first half (H1) of 2026, rising by 15.48 percent above the N2.16 trillion turnover recorded in the corresponding period in 2025. In the

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Industry Review: Dangote Cement Losing Market Share To BUA Cement, HBM Nigeria

August 17, 2026

The cement industry recorded N3.92 trillion in revenue in the first half (H1) of 2026, an improvement of 23.74 percent when compared to the turnover of N3.16 trillion generated in H1 2025.

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AIICO’s Revenue Rises By 2%, Net FX Loss Increases To N1.79bn

August 14, 2026

The first half (H1) of 2026 ended with AIICO Insurance recording N104.71 billion in gross written premium, exceeding the N102.68 billion reported in H1 2025, indicating an increase of 2 percent. AIICO

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Int’l Breweries Losing Market Share To Rivals As Nigerians Spend N1.44trn On Drinks In Six Months

August 13, 2026

Nigerians spent over N1.44 trillion on alcohol and non-alcoholic drinks between January and June 2026, up 8.59 percent when compared to the N1.33 trillion revenue generated by brewers in the first six

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How Nascon Grew Profit By 27% After Slow Revenue Growth In H1 2026

August 11, 2026

In the first half (H1) of 2026, Nascon Allied Industries recorded a marginal increase in its revenue, which rose by 3.84 percent, from N78,15 billion in H1 2025 to N81,15 billion. Prime

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From N2bn Profit To N8bn Loss… How Caverton Became Unprofitable In H1 2026

August 10, 2026

Caverton Offshore Support Group Plc became unprofitable in the first half (H1) of 2026, following a significant decline in the company’s revenue and surge in expenses. According to analysis of the company’s

Oando Plc's Share Price Rise By %1,286% In One Year, Market Cap Crosses N1trn

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Oando’s Pretax Loss Declines To N32bn As Cost Pressure On Revenue Drops To 95%

August 7, 2026

Oando Plc reduced its post-tax loss in the first half (H1) of 2026 as the company’s revenue rose faster than the cost of sales and the firm cut other expenses. According to

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BUA Foods Cuts Costs To Grow Profit By 14% — After Revenue Dropped To N765bn

August 5, 2026

BUA Foods failed to replicate the N912.51 billion revenue generated in the first half of 2025, as the company earned N765.11 billion in turnover in the corresponding period in 2026. Analysis of

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Tax Burden, Rising Operating Costs Cap Infinity Trust’s H1 Profit Growth At 28%

August 4, 2026

Infinity Trust Mortgage Bank reported N4.03 billion in revenue in the first half (H1) of 2026, exceeding the N2.79 billion posted in H1 2025 by 44.40 percent. The company also grew interest

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MTN Fintech Revenue Plummets By 72% Over Airtime, Data Credit Service Suspension

July 31, 2026

MTN Nigeria overcame a twofold decline in its turnover from financial technology (fintech) services — driven by the temporary suspension of its airtime and data credit service — with double-digit growth in

Ecobank Fined N3.2m, PZ Cussons Slammed With N4.8m Amid Clampdown

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Decline In FX Gains, Lending, Fee Income… Why Ecobank’s Q2 Profit Dropped 14%

July 29, 2026

In the second quarter (Q2) of 2026, Ecobank’s earnings from lending and securities investment and its bottom line declined, with the former dropping by 6 percent and the latter decreasing by 14

First Bank Changes Names Of Its Subsidiaries In UK, Some Sub-Saharan African Countries

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How First HoldCo Grew Profit By 122% — Despite Lending Income Falling 14%

July 28, 2026

First HoldCo recorded N693.59 billion in interest income in the second quarter (Q2) of 2026, compared to the N812.12 billion generated in Q2 2025, representing a 14.59 percent decline. Interest income is

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

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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.

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Why Mutual Benefits Assurance’s Profit Dropped To N4bn — Despite 6% Increase In Revenue

July 15, 2026

The revenue of Mutual Benefits Assurance increased to N20,39 billion in the first quarter (Q1) of 2026, surpassing the N19.32 billion reported in the same period in 2025. While revenue increased by

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Access Holdings’ Revenue From Lending, Investments Drops To N895bn

July 14, 2026

Access Holdings recorded N895.03 billion in interest income, covering lending and investments, in the first quarter (Q1) of 2026, failing to replicate the N980.67 billion earned in Q1 2025, representing an 8.73

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Tax Burden Pushes Veritas Kapital’s Profit Down To N1.53bn

July 13, 2026

In the first quarter (Q1) of 2026, Veritas Kapital Assurance suffered a decline in gross premium, after recording N5.80 billion, below the N6.86 billion recorded during the corresponding period in 2025. Veritas

Conoil Plc's Shareholders Approve N1.734 Billion Dividend Payout for 2022

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Conoil Tames Expenses To Prevent Revenue Decline From Affecting Profit

July 10, 2026

Conoil generated N71.45 billion in revenue between January and March 2026, compared to the N79.25 billion reported in the corresponding period in 2025. According to an analysis of the company’s unaudited financial

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Universal Insurance’s Revenue Grows By 48%, Profit Rises To N1.99bn

July 8, 2026

The Universal Insurance Plc generated N20.43 billion in revenue in 2025, exceeding the N13.76 billion reported in 2024, indicating an increase of 48.49 percent. Also, insurance service expense grew by 68.15 percent,

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PZ Cussons Grows Revenue To N260bn, Profit Rises By 364%

July 7, 2026

PZ Cussons recorded N260.19 billion in revenue between June 2025 and May 2026, surpassing the N212.63 billion generated in the corresponding period the year before. According to an analysis of PZ Cussons‘

Fidelity Bank Kicks Off N127 Billion Public Offer, Rights Issue Today

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Cost Of Funds, Credit Loss… Why Fidelity Bank’s Profit Crashed By 12%

July 1, 2026

Fidelity Bank saw a 37.89 percent growth in its topline in the first quarter (Q1) of 2026, after securing N434.94 billion in revenue, compared to the N315.42 billion generated between January and

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Legend Internet Depending On Loan Amid Declining Revenue

June 29, 2026

The burden of debt on Legend Internet’s finances is rising as the company turns to bank loans and commercial papers to make funds available for its operations amid a decline in revenue.

FCMB Borrows N20.68bn To Protect Against Insolvency After Silicon Valley Bank Collapse

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FCMB Earnings Rose To N252bn In Q1 2026, Profit Up Over 100%

June 26, 2026

The gross earnings of First City Monument Bank (FCMB) Group Plc increased by 26.72 percent to N320,21 billion in the first quarter (Q1) of 2026, surpassing the N252.69 billion generated in the

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Conoil’s Profit Crashes By 75% Amid Declining Revenue, Loan Burden

June 25, 2026

Conoil Plc, an oil and gas company, suffered a significant decline in its profit following a decline in revenue and loan burden. The oil and gas company earned N301.72 billion in revenue

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Net Interest Income Surge Helps Sterling Financial Overcome 276% Spike In Credit Loss In Q1

Sterling Financial Holdings Company Plc recorded N134.81 billion gross earnings in the first quarter (Q1) of 2026, surpassing the N95.23 billion posted in Q1 2025, representing a 41.56 percent increase. The company, in its Q1 2026 financial statement, reported that interest income

May 26, 2026

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Prestige Assurance’s Total Asset Plunges As Revenue, Profit Drop

Prestige Assurance recorded a decline in it topline and bottom line in the first quarter (Q1) of 2026, according to analysis of the company’s unaudited financial statements. The insurance company a gross premium written of N7.21 billion between January and March 2026, compared

May 22, 2026

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Trading, Interest Income Raise Sterling Financial’s Profit Up By 89%

Sterling Financial Holdings Company Plc had a great year in 2025, following a double-digit growth in its topline and bottom line, despite income tax rising threefold. The company, in its consolidated and separate financial statements for the year ended December 31, 2025,

May 20, 2026

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Fidelity Bank’s Profit Plunges After Incurring N223bn Derivative Loss

Fidelity Bank suffered a decline in its bottom line despite a double-digit growth in topline after recording over N200 billion derivative loss between January and December 2025. According to analysis of the company’s consolidated and separate statement for the year ended December

May 18, 2026

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Trading Income, FX Gains, Tax Reduction… How Ecobank Survived Profit Decline After Poor Topline

A decline in tax income prevented Ecobank Transnational Incorporated’s profit from declining, after the company experienced a slow growth in gross earnings in the first quarter (Q1) of 2025. According to the company’s condensed consolidated unaudited financial statements for the period ended

May 13, 2026

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Trading Income, FX Gains, Tax Reduction… How Ecobank Survived Profit Decline After Poor Topline

A decline in tax income prevented Ecobank Transnational Incorporated’s profit from nosediving, after the company experienced a slow growth in gross earnings in the first quarter (Q1) of 2025. According to the company’s condensed consolidated unaudited financial statements for the period ended

May 13, 2026

International Energy Insurance Revenue Drops To N3.12bn, Profit Falls By 40%

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Revenue Declines By 60%, Profit Drops By 57%… A Look At International Energy Insurance’s Financial Woes

International Energy Insurance Plc had a disastrous first quarter (Q1) in 2026, after a double-digit decline in its revenue and profit, as well as a surge in the company’s expenses. According to analysis of International Energy’s financial statement for the period ended

May 1, 2026

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Unilever’s Exchange Loss Problem Overshadows Topline Performance

In the first quarter (Q1) of 2026, Unilever recorded an impressive revenue growth, however, the company’s inability to curtail exchange loss is overshadowing its topline performance and impacting bottom line. Unilever recorded a 25.96 percent growth in revenue in Q1 2026, after

April 23, 2026

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Seplat’s Production Cost Gulps 66% Of Revenue, Operating Profit Crosses N1trn

Seplat generated N4.13 trillion as revenue between the first quarter (Q1) and the fourth quarter (Q4) of 2025, rising above the N1.65 trillion recorded in 2024, according to the company’s audited results for the year ended December 31, 2025. Analysis showed that

April 21, 2026

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Stanbic IBTC Earnings Increase To N1.13trn, Profit Rises By 81%

Between January and December 2025, Stanbic IBTC recorded N1.13 trillion gross earnings, surpassing the N823.30 billion generated in the corresponding period in 2024, indicating a 38.08 percent increase. According to the company’s consolidated and separate financial statements for the year ended December

April 20, 2026

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