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 […]
Category: Financial Analysis
Financial Analysis
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 […]
Fidelity Bank Records 210.0% Growth In PBT To N385.2bn …Declares a total dividend of N2.10 per share
Fidelity Bank Plc, released its 2024 full-year Audited Financial Statements, reporting a 210 per cent growth in Profit Before Tax to N385.2bn. According to the Bank’s results released on the Nigerian Exchange (NGX), Gross Earnings increased by 87.7 per cent to N1,043.4bn, driven by 106.9 per cent […]
Ecobank Group Reports $333m Profit After Tax In 2024
Ecobank Group Plc has announced its audited financial results for the 2024 fiscal year, reporting a 16 per cent increase in profit after tax (PAT) attributable to shareholders, reaching $333 million. This growth was driven by strong fee and commission income, operational efficiencies, reduced impairment charges on other […]
Zenith Bank Gross Earnings Hits N3.97 trillion in 2024
Zenith Bank Plc has announced its audited financial results for the year ended December 31, 2024, delivering significant growth across key performance indicators. The Bank’s impressive performance reflects effective management and pricing of its risk assets, as well as an optimized treasury portfolio, reinforcing its position as a leader in […]
UBA Grows PAT To N766.6bn, Declares N3.00 Kobo Final Dividend
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has released its audited financial results for the full year ended December 31, 2024. The 2024 financials, filed with the Nigerian Exchange Limited (NGx) on Monday, showed a rise in the bank’s profit after tax which went […]
Africa Prudential Reports 95% PBT Growth In 2024
Africa Prudential Plc, a leading share registration and business solutions provider listed on the Nigerian Exchange Group (NGX), has announced a ₦1.2 billion total dividend payout following an outstanding financial performance in 2024. The company’s Profit After Tax (PAT) surged by 88%, rising from ₦962.9 million in […]