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Revenue - Page 9

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

Business·Top Stories

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

Business·Top Stories

Austin Laz’s Liquidity And Machine Problem Costing Shareholders Their Investments

Within two weeks, Austin Laz’s shareholders lost 18.18 per cent of their investment as the aluminium roofing sheets producer announced it failed to record any revenue in the first quarter (Q1) of 2025. In a statement dated April 22, 2025, Austin Laz,

May 5, 2025

Business·Top Stories

Fidelity Bank Generates N315bn In Three Months, Profit Up By 189%

Fidelity Bank’s gross earnings increased by 64.20 per cent quarter-on-quarter to N315.42 billion in the first quarter (Q1) of 2025, from N192.08 billion generated in the same period in 2024. The company’s turnover was driven largely by interest income, which grew to

May 5, 2025

Business·Top Stories

FCMB’s profit plunges by 21% after paying N17.67bn windfall tax

In 2024, First City Monument Bank (FCMB) grew its gross revenue to N794.43 billion, 53.85 percent higher than the N516.35 billion generated in 2023. FCMB, in its financial statements for the period ended December 31, 2024, also reported 75.15 per cent growth

April 29, 2025

Business·Top Stories

Femi Otedola’s Geregu Power Suffers Revenue, Profit Decline

Geregu Power, the electric power generation, transmission and distribution company largely owned by Nigerian billionaire, Femi Otedola, failed to beat its topline and bottom line projections for the first quarter (Q1) of 2025. Analysis of the company’s Q1 financial statements by Prime

April 25, 2025

Business·Top Stories

AIICO Insurance’s profit falls below N16.72bn forecast

The total premium collected by AIICO Insurance in 2024 was N159.31 billion, 44.67 percent higher than the N110.11 billion paid by policyholders in 2023. Checks by Prime Business Africa showed that the amount paid by the company’s customers to keep their insurance

April 24, 2025

Business·Sports

Man City Reveals £712.8m Revenue For Financial Year, Surpasses Man United’s Record

Premier League and European champions Manchester City on Wednesday posted a Premier League record revenue of £712.8m for the 2022-23 financial year

November 15, 2023

Business

NBS: 36 States, FCT Recorded N849bn Revenue In 1H 2021

The 36 states and the federal capital territory (FCT), according to the National Bureau of Statistics (NBS‘) latest report, recorded N849.12 billion in Internally Generated Revenue (IGR) in the first half of 2021. The figure represented a 39 per cent increase year-on-year

November 10, 2021

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Revenue - Page 9

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

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

Austin Laz’s Liquidity And Machine Problem Costing Shareholders Their Investments

Fidelity Bank Generates N315bn In Three Months, Profit Up By 189%

FCMB’s profit plunges by 21% after paying N17.67bn windfall tax

Femi Otedola’s Geregu Power Suffers Revenue, Profit Decline

AIICO Insurance’s profit falls below N16.72bn forecast

Man City Reveals £712.8m Revenue For Financial Year, Surpasses Man United’s Record

NBS: 36 States, FCT Recorded N849bn Revenue In 1H 2021

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Revenue - Page 9

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