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Revenue - Page 7

Dangote Cement’s Production Cost Gulps 40.94% Of Revenue

Dangote Cement curbed the impact of production cost on its revenue in the first quarter (Q1) of 2025, as the company generated N994.65 billion turnover, with cost of sales reaching N407.26 billion. This showed the company’s cost of production gulped 40.94 percent

May 21, 2025

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Wema Bank Performs Poorly In Q1 As Revenue Drops 41%, Profit Declines 72%

Wema Bank’s revenue fell by 41.79 per cent to N81.27 billion in the first quarter (Q1) of 2025, failing to surpass the N139.62 billion generated in the corresponding period in 2024. The lender’s topline was negatively impacted by a 37.07 per cent

May 20, 2025

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Airtel Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 45% Of Turnover

Airtel Nigeria recorded a 15.5 percent growth in its revenue after generating $307 million in the first quarter (Q1) of 2025, compared to the $266 million turnover reported for the same period in 2024. According to the financial statements for the period

May 19, 2025

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Seplat Generates N1.22trn Revenue In Three Months – Nearing 2024 Turnover

Seplat generated N1.22 trillion revenue in the first quarter (Q1) of 2025, almost replicating the N1.65 trillion turnover recorded for the whole of last year. According to the company’s financial statements for the period ended March 31, 2025, Seplat’s revenue in Q1

May 16, 2025

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AXA Mansard’s Revenue Hits N40.33bn, PAT Drops By 51.74%

AXA Mansard’s revenue grew by 26.64 percent year-on-year to N40.33 billion in the first quarter (Q1) of 2025, from N31.84 billion in the corresponding period in 2024. In its consolidated and separate financial statement for the period ended March 31, 2025, AXA

May 15, 2025

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Interest On Deposits Cuts Into UBA’s Earnings

The interest income of the United Bank for Africa (UBA) grew to N599.83 billion in the first quarter (Q1) of 2025, up by 36.08 per cent from N440,76 billion in the corresponding period last year. However, the interest income on loans advanced

May 14, 2025

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Mecure Industries Is Worst-Performing Pharmaceutical Stock Year-To-Date

Mecure Industries is the worst-performing pharmaceutical stock so far in 2025, according to Prime Business Africa’s analysis of its stock market activity in the last five months. The analysis showed that the company’s share price fell by N2.8 kobo from N13.90 kobo

May 13, 2025

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Tax Burden Reduces Legend Internet’s Profit By 51%

Legend Internet, an internet service provider (ISP), saw its revenue decline marginally by 5.76 percent to N1.13 billion for the year ended July 31, 2024, compared to the N1.20 billion generated during the same period in 2023. However, a 21.14 percent decrease

May 13, 2025

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N625bn Interest Income Fails To Save First HoldCo From 17% Decline In Profit

First HoldCo has released its financial statements for the first quarter (Q1) of 2025, disclosing that the company grew its interest income by 40.15 percent year-on-year from N446.14 billion to N625.28 billion. The company’s interest income grew faster than interest expense, which

May 12, 2025

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Sterling Financial Holdings Fined N61m, Records 73% Increase In Net Income

Sterling Financial Holdings Company was fined N61 million in 2024, according to its condensed unaudited interim financial statements for the year ended December 31, 2024. The amount is higher than the N29 million that Sterling Financial paid as penalty in 2023. The

May 8, 2025

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Revenue - Page 7

Dangote Cement’s Production Cost Gulps 40.94% Of Revenue

Wema Bank Performs Poorly In Q1 As Revenue Drops 41%, Profit Declines 72%

Airtel Nigeria’s Voice Revenue Contribution Drops, Data Accounts For 45% Of Turnover

Seplat Generates N1.22trn Revenue In Three Months – Nearing 2024 Turnover

AXA Mansard’s Revenue Hits N40.33bn, PAT Drops By 51.74%

Interest On Deposits Cuts Into UBA’s Earnings

Mecure Industries Is Worst-Performing Pharmaceutical Stock Year-To-Date

Tax Burden Reduces Legend Internet’s Profit By 51%

N625bn Interest Income Fails To Save First HoldCo From 17% Decline In Profit

Sterling Financial Holdings Fined N61m, Records 73% Increase In Net Income

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