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 […]
Category: Capital Market
Capital Market
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 […]
Nigeria, OECD Partner On Economic Growth, Illicit Financial Flows
The Federal Ministry of Finance has forged a strategic alliance with the Organisation for Economic Co-operation and Development (OECD) to combat illicit financial flows and strengthen Nigeria’s economic growth framework. This collaboration marks a significant step in strengthening the country’s financial framework and reinforcing global partnerships for […]
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 […]
NBPlc To Seek Shareholders’ Approval For 1.9 billion Share Cancellation Arising From Right Issue
Nigerian Breweries Plc (NB Plc) has announced that it will seek shareholders’ approval for the cancellation of 1.9bn unissued shares at its upcoming 79th Annual General Meeting (AGM), scheduled to take place virtually. The move follows the company’s N599.1bn Rights Issue, which led to the creation of additional […]
Nigerian Breweries Completes 100% Ownership Of Distell Wines & Spirits
Nigerian Breweries Plc (NB) has announced the acquisition of the remaining 20 per cent minority shareholding in Distell Wines and Spirits Nigeria Limited (DWSN), completing its 100 per cent full ownership of the company. According to the company’s notice to the Nigerian Exchange Limited, the acquisition, which follows […]
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 […]
Access Bank Champions Stronger Alliances to Propel Intra-Africa Trade at Inaugural Africa Trade Conference
Access Bank Plc convened leading policymakers, business executives, and industry stakeholders in Cape Town for the maiden Africa Trade Conference, a platform dedicated to unlocking the continent’s vast trade potential. The conference serves as a strategic response to the shifting global trade landscape, emphasising Africa’s need to build […]
Seplat Launches $650m Senior Notes Offering For Debt Refinancing
Seplat Energy Plc, Nigerian energy company listed on the Main Market of the London Stock Exchange (LSE) and the Premium Board of the Nigerian Exchange Limited (NGX) has announced the launch of a $650m Senior Notes offering due 2030. According to the company in a notice to the […]
Auboin, Awani, Mene, Quaynor to Lead Conversations at Access Bank’s Africa Trade Conference
Access Bank PLC, Africa’s leading financial institution, today, announced a distinguished line-up of speakers for the maiden edition of its highly anticipated Africa Trade Conference 2025, set to hold on Wednesday, March 12, 2025, at the Cape Town International Convention Centre (CTICC), South Africa. Under the theme “Empowering Africa: Driving […]