AGS NEWS – The Nigerian National Petroleum Company Limited (NNPC Ltd.) has declared a N3.3 trillion profit for the 2023 financial year. Chief Financial Officer of NNPC Ltd, Umar Ajiya who addressed newsmen on Monday on the development, said this … Continue reading BREAKING: NNPCL declares N3.3trn profit for 2023 financial year
AGS NEWS – The Ecobank Group reported a 249% increase in profit after tax, reaching N140.9 billion in the first quarter of 2024. This was detailed in its unaudited consolidated results for the quarter ending March 31, 2024, released on … Continue reading Ecobank reports 249% surge in profit after tax
Six major Nigerian banks have collectively increased their profits by an impressive 214%, totaling N2.06 trillion in the third quarter of 2023 compared to N656.15 billion in the same period of 2022. Despite the challenging economic environment, these financial institutions … Continue reading Top Nigerian banks achieve N2.1tn in profits for Q3, 214% growth
Oando Plc has unveiled its audited financial results for the year ending December 31, 2021, marking a significant turnaround from the preceding year. The company reported a profit-after-tax of N32.9 billion, contrasting with a loss-after-tax of N140.7 billion in 2020. … Continue reading Oando bounces back, records N32.9bn post tax profit
Guaranty Trust Holding Company Plc has announced a remarkable increase in its profit before tax for the first half of the 2023 financial period, reporting a figure of N327.4 billion. The disclosure was made in an official statement released on … Continue reading GTCO’s profits reach N347 billion, assets at N8.5 trillion
First Bank has announced a 12.4% increase in its profit before tax, reaching N147.0 billion by the end of 2022 compared to N130.9 billion in the same period of 2021. The bank’s profit after tax also grew by 9.8% to … Continue reading Firstbank records 12.4% growth in profit
Nestle Nigeria Plc reported a decline in after-tax profit from N18 billion in the first quarter of last year to N16.2 billion for the same period this year. The interim financial report for the first quarter ended March 2023 revealed … Continue reading Nestlé Nigeria’s Q1 profit dips as finance expenses rise by 126% to over N5bn
SunTrust Bank Nigeria Limited, a commercial bank, has reported a Profit Before Tax of N1.51bn for the year ending December 31st 2022, indicating a growth of 195.6% from the previous year’s loss of N1.58bn. According to the bank’s audited financial … Continue reading SunTrust bank records N1.51bn profit before tax for 2022
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