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Profit - Page 7

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, compared to the N71.02 billion declared in the same period

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 the corresponding period last year. According to the company’s Q1

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. According to the insurer’s Q1 2025 financial statement, it also

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, in its Q1 2025 financial statement, also reported that its

June 16, 2025

New Investor Quietly Takes Over As Majority Shareholder Of Sovereign Trust Insurance

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 the company’s Q1 2025 financial statements, which also revealed that

June 13, 2025

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

Business·Top Stories

FCMB’s Interest Expense Rises Faster Than Income – But Deposits Drop

Over N252.69 billion was recorded as gross earnings for the first quarter (Q1) of 2025 by First City Monument Bank (FCMB), indicating a 41.12 percent increase compared to the N179.05 billion generated in Q1 2024. According to FCMB’s consolidated and separate financial

June 12, 2025

Cornerstone Insurance Records N37.11bn Revenue -- But Profit Drops By 68.72%

Business·Top Stories

Cornerstone Insurance’s Revenue Up By 49%, Profit Rises To N25.89bn

Cornerstone Insurance Plc saw its insurance revenue grow by 49 percent in 2024, after recording N38.66 billion, against the N25.91 billion reported in 2023. The company’s insurance service expenses grew similarly, as it rose by 42 percent year-on-year from N17.95 billion to

June 10, 2025

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

Business·Top Stories

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

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 earnings were impacted by an 82.83 per cent increase in

June 6, 2025

BUA Foods Secures N470.21bn Revenue In Three Months

Business·Top Stories

753% Increase In Finance Income Boosts BUA Foods’ Profit Before Tax

In its unaudited financial statements for the first quarter (Q1) of 2025, BUA Foods reported that N442.06 billion in revenue was generated during the period, compared to the N356.92 billion turnover posted in the same period last year. The 23.85 per cent

June 5, 2025

GTCO Shareholders Gain N93.87bn As Lender Reveals Plan To List On LSE

Business·Top Stories

GTCO’s Profit Dropped To N258bn In Q1 2025

Guaranty Trust Holding Company (GTCO) reported N397.38 billion interest income in the first quarter (Q1) of 2025, up 41.09 per cent from N281.65 billion recorded in Q1 last year. However, interest expense grew by 45.40 per cent year-on-year, according to the company’s

June 4, 2025

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Profit - Page 7

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%

FCMB’s Interest Expense Rises Faster Than Income – But Deposits Drop

Cornerstone Insurance’s Revenue Up By 49%, Profit Rises To N25.89bn

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

753% Increase In Finance Income Boosts BUA Foods’ Profit Before Tax

GTCO’s Profit Dropped To N258bn In Q1 2025

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