NAHCO cut personnel and administrative expenses by N1 billion in the first quarter to prevent a decline in profit, as revenue losses and rising service costs led to unexpected operational pressure. The company’s financial report for the…

Livestock Feeds Plc has returned to profitability after last year's losses, though a second consecutive year of declining sales revenue has raised concerns. The animal feed company's first-quarter profit surged 19-fold year-on-year to…

Major Nigerian companies are progressively regaining profitability, characterised by strong earnings growth in Q1 2026. Seventy per cent of firms reported year-on-year earnings growth, signalling the early stages of a corporate earnings…

MTN Nigeria’s MoMo PSB active wallets declined by 55.6 per cent year-on-year to 2.1 million in Q1 2025. It recorded 4.8 million active wallets in Q1 2024, and a 25% decline quarter-on-quarter. Its active wallets stood at 2.8 million in Q4…

African e-commerce group Jumia reported a 54% decrease in its operating loss in Q1 2023, resulting in a $31 million deficit. This was the company's lowest quarterly loss in over four years. The substantial reduction in losses was…

Higher operating costs and an unprecedented spike in finance costs weaken the profitability outlook of Guinness Nigeria Plc in the second quarter (Q2) of the current financial year 2023, dragging its earnings per share…

Seplat Petroleum Development Company Plc has reversed ts previous year's decline by declaring a profit of $24.86 million, rising up from the $100.551 million loss it recorded in Q1 2020. According to its unaudited results for the three…

Despite an underwriting loss of over N22 billion, AIICO Insurance Plc kept on building profit for the third straight year at the end of the third quarter operations in September 2020. An after-tax profit of N5.4 billion at the end of the…

Shareholders of Cadbury Nigeria Plc on Friday approved N301.51 million as total dividend for the financial year ended Dec. 31, 2017. The shareholders gave the approval at the company’s 53rd Annual General Meeting (AGM) in Lagos. The…

Transnational Corporation of Nigeria (Transcorp) Plc on Saturday expressed optimism that the company would return to profitability in 2017 financial year. Mr Emmanuel Nnorom, Transcorp President and Chief Executive Officer…