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Profit - Page 3

BUA Cement’s Revenue Rises To N289bn, Profit Up 512.69%

BUA Cement reported a turnover of N289.48 billion in the second quarter (Q2) of 2025, surpassing the N202.81 billion generated in Q2 2024. The 42.73 percent growth in revenue overshadowed the 2.60 percent increase recorded in the cost of sales, which rose

July 30, 2025

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Dangote Cement’s Profit Rises By 230% After Cutting Costs

Over N1.07 trillion in revenue was generated by Dangote Cement between April and June 2025, exceeding the N942.70 billion turnover posted in the second quarter of last year, representing an increase of 14.23 percent. According to the company’s unaudited interim financial statement

July 29, 2025

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Airtel Nigeria’s Data Revenue Rises 40%, Voice Turnover Up 19% In Q2 2025

Airtel Africa said its revenue in Nigeria increased by 29.8 percent to $332 million in the second quarter of 2025, up from $256 million generated in the corresponding period in 2024. This was driven by a 19.1 percent increase in voice revenue

July 28, 2025

Business·Top Stories

Infinity Trust Mortgage Bank Grows Revenue To N1.51bn, Profit Rises By 84%

Infinity Trust Mortgage Bank has disclosed that its revenue for the second quarter (Q2) of 2025 increased by 62.27 percent to N1.51 billion, from the N931.63 million reported in the same period in 2024. The mortgage bank announced the increase in its

July 25, 2025

Business·Top Stories

Guinea Insurance Records N106.27bn Loss Despite 12% Increase In Revenue

Guinea Insurance reported N1.42 billion as revenue in the second quarter (Q2) of 2025, exceeding the N1.26 billion generated in Q2 2024, representing a 12.38 percent increase. Also, the company incurred insurance service expenses of N562.58 million in Q1 2025, which is

July 24, 2025

Business·Top Stories

Cadbury Nigeria Generates N37bn, Posts N5.97bn Profit After Tax

Cadbury Nigeria Plc generated N37.22 billion in the first quarter (Q1) of 2025, compared to the N23,69 billion recorded in the same period last year, representing an increase of 57 percent. The confectionery and beverages company, in its unaudited financial statements for

July 23, 2025

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Briclinks Africa’s Revenue Rises By 3%, Total Assets Drop To N8.10bn

Briclinks Africa has reported a turnover of N135.61 million in the second quarter (Q2) of 2025, up slightly by 3 percent compared to the N131.66 million revenue recorded in the first quarter (Q1) of 2025. The company, in its financial statements for

July 22, 2025

Business·Top Stories

MeCure’s Debt Burden Reduces Profit To N812m

In the first quarter (Q1) of 2025, MeCure Industries generated N13.29 billion, compared to the N8.07 billion turnover recorded in the corresponding period in 2024, representing an increase of 64.53 percent. According to the company’s Q1 financial report for the period ended

July 21, 2025

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Heirs Insurance Grows Revenue To N14.32bn

Heirs Insurance has disclosed that it recorded N14.32 billion revenue in 2024, surpassing the N12.05 billion generated in 2023, representing an increase of 18.78 percent. The insurer reported that insurance service expenses gulped N11.76 billion in full year (FY) 2024, more than

July 17, 2025

Business·Top Stories

LivingTrust Mortgage Bank Posts N1.79bn Revenue In Q2, Profit Up 65%

LivingTrust Mortgage Bank has released its second quarter (Q2) financial statements for 2025, which show that the company recorded gross earnings of N1.79 billion, exceeding the N890.41 million reported in Q2 2024. While the gross earnings increased by 101.13 percent, the company’s

July 15, 2025

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Profit - Page 3

BUA Cement’s Revenue Rises To N289bn, Profit Up 512.69%

Dangote Cement’s Profit Rises By 230% After Cutting Costs

Airtel Nigeria’s Data Revenue Rises 40%, Voice Turnover Up 19% In Q2 2025

Infinity Trust Mortgage Bank Grows Revenue To N1.51bn, Profit Rises By 84%

Guinea Insurance Records N106.27bn Loss Despite 12% Increase In Revenue

Cadbury Nigeria Generates N37bn, Posts N5.97bn Profit After Tax

Briclinks Africa’s Revenue Rises By 3%, Total Assets Drop To N8.10bn

MeCure’s Debt Burden Reduces Profit To N812m

Heirs Insurance Grows Revenue To N14.32bn

LivingTrust Mortgage Bank Posts N1.79bn Revenue In Q2, Profit Up 65%

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