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 […]
Category: Financial Analysis
Financial Analysis
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. […]
Oando Publishes N4.1 Trillion Revenue and N65.5 billion Profit-After-Tax in FY 2024 Results
Oando PLC, Africa’s leading integrated energy company listed on both the Nigerian Exchange Grpup (NGX) and Johannesburg Stock Exchange (JSE), announced a strong financial performance for the Full Year (FY) 2024 with a 45% growth in revenue to N4.1 Trillion compared to N2.9 Trillion in FY 2023 results. The […]
Airtel Africa’s Data Penetration Climbs 13.8% To 71.4m as Customer Base Expands
Airtel Africa has reported a significant increase in its data and mobile money customer base in its nine months ended December 31, 2024. The company’s total customer base grew by 7.9 per cent to reach 163.1m, with data customer penetration rising by 13.8 per cent, bringing the number of […]
CAP Records 57% Growth In PBT
Chemical and Allied Products Plc (CAP) Plc has released its unaudited Consolidated Financial Statements for the full year ended December 31st, 2024, to the Nigerian Exchange Group (NGX). The company’s balance sheet remained resilient with total assets growing by 27 per cent to N19.58bn in in 2024 […]
Trump’s Policies Shifts: What They Mean For Nigeria, Africa’s Future-Analysts
Donald Trump’s recent speech and executive orders have sparked discussions about their potential implications for Nigeria and Africa. Analysts at Data Services and Resources Limited have highlighted key areas of impact, ranging from trade policies to energy, immigration, and global influence. The analysts noted that the U.S. administration’s protectionist […]
Wema Bank To Raise Additional N200bn To Complete CBN Recapitalization Requirement
Wema Bank Plc has announced that it will be completing its capital raise through a combination of a Rights issue and Special placement exercise set to go live on April 1, 2025, with the goal of raising N200bn in fresh capital. This would mark the second and final tranche […]
Collective Investment Schemes Rises to Over N3trn In 2024, says SEC
The Securities and Exchange Commission (SEC) on Wednesday disclosed that its Collective Investment Schemes increased to over N3 trillion in 2024. The Director General of the SEC, Dr. Emomotimi Agama who disclosed this during an interaction with reporters in Abuja, explained that collective investment schemes are a part of […]