The Nigerian National Petroleum Company Limited (NNPC Ltd.) has reported a Profit After Tax (PAT) of N5.4 trillion on a revenue of N45.1 trillion for 2024, marking a 64 per cent increase from the N3.3 trillion PAT recorded in 2023. Mr Bashir Ojulari, Group Chief Executive Officer of NNPC Ltd., disclosed the results on Monday…
Nigeria’s banking sector continues to show resilience, with six leading financial institutions reporting a combined profit after tax (PAT) of more than ₦2.4 trillion for the first nine months of 2025 — a 20 per cent increase compared to the same period in 2024. The data, drawn from unaudited filings on the Nigerian Exchange Group…
LivingTrust Mortgage Bank Plc recorded a Profit After Tax of N232 million for the period ending March 31. This marks a 0.71 per cent rise from the N230 million profit recorded in the first quarter of 2024. The bank made this announcement in a corporate disclosure filed with the Nigerian Exchange Ltd. on Wednesday. Gross…
United Bank for Africa has announced a profit of N189.84 billion for the first quarter of 2025, marking a strong start to the financial year. This represents a 33.15 per cent increase compared to the N142.58 billion recorded during the same period in 2024. The bank revealed this in a corporate disclosure filed with the…
Access Holdings Plc. says it generated N642.22 billion as profit for the year ended Dec. 31, 2024. This is a 3.7 per cent increase from the N619.32 billion it generated in 2023. The company made this known in a corporate disclosure through the Nigerian Exchange Group on Wednesday in Lagos. It also proposed a final…
Six banks in the country have posted N3.41 trillion as Profit After Tax (PAT) for the year 2024 ended as against the N2.1 trillion recorded in 2023 financial year. This is in spite of diverse transaction and service complaints, dissatisfaction among customers and the challenging economic situation of the country. The figure represents a 62.38…
Fidelity Bank Plc has reported a pre-tax profit of N385.2 billion for 2024, representing a 210 per cent growth compared to the N124.3 billion recorded in 2023. The bank, in a statement released on Monday, declared a total dividend of N2.10 per share following its strong financial performance in 2024. Gross earnings increased by 87.7…
Guinea Insurance Plc has posted a profit before tax of N499.6 million for the financial year ended 2023, representing 63 per cent increase from a loss of N75.4 million posted in 2022. Mr Ugochukwu Godson, Chairman, Guinea Insurance, announced this at the company’s 66th Annual General Meeting (AGM) on Monday in Lagos. Godson said that…
