Nigeria’s headline inflation rate eased to 18.02 per cent in September 2025, marking a significant moderation from 20.12 per cent recorded in August, according to the latest data from the National Bureau of Statistics (NBS). The drop represents a 2.1 per cent month-on-month decline and the first […]
Category: Financial Analysis
Financial Analysis
Breaking: Nigeria’s Inflation Eases to 21.88% in July, Lowest in 13 Months
Nigeria’s headline inflation rate slowed to 21.88% in July 2025, a marginal decline from 22.22% recorded in June, according to the latest Consumer Price Index (CPI) report released by the National Bureau of Statistics (NBS). The moderation marks the lowest year-on-year inflation level since June 2024, offering tentative relief amid […]
Seplat Energy’s H1 2025 Revenue Hits N2.17trn … Declares US 4.6 Cents Dividend Per Share for the Quarter
Seplat Energy Plc has announced its unaudited results for the six months ended 30 June 2025, recording a revenue of N2.167trn for the period from N575.1bn reported same period last year. Its gross profit soared to N751.2bn from N247.5bn Year-on-Year. Cash generated from its operations for the period grew to […]
Citi Q2 Earnings Top Estimates Amid Dealmaking Resurgence
Citigroup Inc. reported a sharp 25 per cent year-on-year increase in second-quarter earnings, beating analysts’ expectations as its trading desks capitalized on volatile markets and its investment banking unit benefited from a resurgence in dealmaking. The third-largest U.S. lender posted a net income of $4bn, or $1.96 per share, […]
Oando Profit-After-Tax up 267% to N220 billion in FY2024 Audited Results
Oando PLC, Africa’s leading integrated energy company listed on both the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE), posted robust Audited Full Year (FY) 2024 financial results with a 44% increase in revenue to N4.1trillion compared to N2.9 trillion in FY 2023. In the upstream, Oando’s production […]
Lafarge earns N248.350bn Revenue In Q1
Lafarge Africa Plc has recorded N242.67bn from sales of cement following rising cost of cement in the country driven by inflation. This accounted for 97.7 per cent of the total sales revenue of N248.35bn for the first quarter of the 2025 financial year. The sales […]
UBA Reports Net Trading, FX Income of N37.04bn in Q1
United Bank for Africa (UBA) Plc reported a net trading and foreign exchange income of N37.04bn for the first quarter ended March 31, 2025—representing a 236.3 per cent increase from N11.90bn posted in the corresponding period of 2024. The growth was largely driven by higher yields from fixed-income […]
Access Holdings Records 88% Growth in Gross Earnings To N4.878trn
Access Holdings Plc has announced its audited financial results for the full year ended December 31, 2024. The Group delivered 88 per cent year-on-year growth in gross earnings, rising from N2.594trn in 2023 to N4.878trn in 2024. According to the group’s financial results seen by THE […]
Africa Prudential Pays 82% Of Earnings Per Share As Dividends
Africa Prudential Plc has announced a ₦1.2bn total dividend payout following its financial performance in 2024. The company’s Profit After Tax (PAT) grew by 88 per cent, rising from ₦962.9m in 2023 to ₦1.81bn in 2024. The company introduced an interim dividend of 15 kobo per share […]
Wema Bank Reports ₦102.51bn pretax profit
Wema Bank Plc has released its full 2024 financial results with a profit before tax of ₦102.51bn, representing an increase of 135 per cent over the ₦43.59bn recorded in the corresponding period in 2023. The Bank also proposed a dividend of N1.00 per share on the back of the […]