Billionaire Otedola’s Geregu Power boosts profit by 70%
Geregu Power, chaired by billionaire Femi Otedola, saw its profit after tax surge by 70.6 percent to N27.41 billion last
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BUA Foods’ profit more than doubles as revenue hits N1.5trn
By Mary Adenike BUA Foods Plc, a major food manufacturer in Nigeria, saw its profit surge by 145.2 percent in
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Stanbic IBTC fintech unit Zest to get N4bn in fresh capital as losses widen
By Joseph Olaoluwa Stanbic IBTC Holdings Plc, a midsize lender in Nigeria, plans to recapitalise its fintech subsidiary, Zest Payments
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South Africa cuts interest rate to 7.5% as inflation rises
By Mary Adenike South Africa’s central bank on Thursday reduced its Monetary Policy Rate for a third straight meeting to
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From 76 to 36,000 vehicles: Uber-backed Moove boosts fleet with Kovi acquisition
By Joseph Olaoluwa Moove, an Uber-backed Nigerian startup that finances vehicles for ride-hailing drivers, has acquired Brazilian mobility company Kovi,
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FCMB’s full-year earnings rise to N108bn
By Mary Adenike The earnings of FCMB Group Plc, the parent company of First City Monument Bank, rose by 16
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Wema Bank’s annual profit more than doubles to N88.83bn
Wema Bank posted a profit after tax of N88.83 billion last year, up from N35.99 billion in 2023. Its customer
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[BREAKING] Nigerian Breweries joins trillion-naira club as shares jump
Nigerian Breweries Plc, the country’s largest brewer, saw its market capitalisation hit the N1 trillion mark on Wednesday for the
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Access Bank set to host Africa Trade Conference in South Africa
Access Bank Plc is set to host its first-ever Africa Trade Conference (ATC), an event focused on advancing Africa’s economic
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TotalEnergies’ Nigeria downstream unit doubles profit as revenue tops N1trn
TotalEnergies Marketing Nigeria, a fuel marketing company, saw its profit for the 2024 financial year more than double as revenue
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