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 […]
Category: Financial Analysis
Financial Analysis
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 […]
Seplat Energy Declares $16.5 Cents Dividend Per Share
Seplat Energy Plc, a Nigerian independent energy company listed on both the Nigerian Exchange and the London Stock Exchange, has announced its audited financial results for the year ended December 31, 2024. The company declared a total dividend of $16.5 cents per share for the period, representing a […]
Dangote Cement’s Manufacturing Costs Hits ₦1.65trn In 2024
Dangote Cement’s Manufacturing Costs Hits ₦1.65trn Amid Rising Energy Prices Dangote Cement Plc has reported a sharp increase in manufacturing costs, which rose by 63.5 per cent to ₦1.645trn in the 2024 financial year, up from ₦1.006trn in 2023. The surge was largely driven by the devaluation of […]
Nestlé Posts N150bn From Revaluation Model For Lands, Others
Nestlé Nigeria Plc has reported a net revaluation gain of N150bn following the adoption of a revaluation model for its lands, buildings, plants, and machinery in March 2024. This transition from cost accounting significantly impacted the company’s financial position, reflecting the gain in its Statement of Comprehensive […]
Unity Bank Grows Deposits By 23% In FY’2023
Unity Bank Plc posted gross earnings of N59.3bn for the full year ended December 31, 2023, representing a growth of 3.84 per cent year-on-year. In its audited financials submitted to the NGX Group Limited, the Bank also witnessed improvements across key performance indicators, including a significant appreciation of […]
CBN Retains Benchmark Lending Rate At 27.50%
The Central Bank of Nigeria (CBN) has retained the country’s Monetary Policy Rate (MPR) at 27.50 per cent citing improvement in economic indices. The apex bank’s governor, Olayemi Cardoso announced the decision on Thursday at the 299th Monetary Policy Committee Meeting (MPC). The decision comes after […]
Senate Seeks N10bn Fund for Capital Market Investor Education
Senate Seeks N10bn Fund for Capital Market Investor Education The Senate has proposed a N10 billion special fund for investor education in the capital market as part of the 2025 budget. According to the Senate, the initiative aims to raise awareness among Nigerians and attract more investors to the market. […]
Blockchain Technology Will Aid Market Regulation – SEC
The Director General of the Securities and Exchange Commission, Dr. Emomotimi Agama has emphasized that the deployment of blockchain technology will improve efficiency and aid the regulation of the capital market. Agama stated this during a session with a delegation from Algorand Foundation, at the Commission’s headquarters in Abuja. […]