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Revenue - Page 5

Infinity Trust Mortgage Bank’s Revenue Hits N1.28bn In Q1 2025

At the end of the first quarter (Q1) of 2025, Infinity Trust Mortgage Bank Plc recorded N1.28 billion in turnover, exceeding the N853.28 million generated in Q1 2024, reflecting an increase of 50.65 percent. Also, Infinity Trust recorded double-digit growth or a

June 24, 2025

Business·Top Stories

Abbey Mortgage Bank Grows Topline By 76.56%, Bottom Line Rises By 31.51%

Abbey Mortgage Bank has reported its revenue increased by 76.56 percent, after recording N3.68 billion in the first quarter (Q1) of 2025, compared to the N2.08 billion generated in the corresponding period in 2024. According to the company’s unaudited condensed financial statements

June 23, 2025

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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

Majority Shareholders Reduce Investments In Lasaco Assurance

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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

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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

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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 Suffers 77.59% Decline In Profit In H1 2025

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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%

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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

Business·Top Stories

Seplat’s Financial Performance Fails To Save Shareholders From N432bn Loss

Despite an impressive financial performance in the first quarter (Q1) of 2025, Seplat is struggling to attract stock market investors in the second quarter, according to Prime Business Africa’s analysis. In the last four weeks, the value of investments held by Seplat’s

June 5, 2025

BUA Foods Secures N470.21bn Revenue In Three Months

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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

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Revenue - Page 5

Infinity Trust Mortgage Bank’s Revenue Hits N1.28bn In Q1 2025

Abbey Mortgage Bank Grows Topline By 76.56%, Bottom Line Rises By 31.51%

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

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%

Seplat’s Financial Performance Fails To Save Shareholders From N432bn Loss

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

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