profits – InfoStride News

Firms return to profit despite policy shifts – Report

Temitope Nlewemchi — Tue, 12 May 2026 14:51:07 +0000

A new financial report indicates that several firms operating across key sectors have returned to profitability despite ongoing policy adjustments, regulatory changes, and macroeconomic reforms shaping the business environment. The findings suggest that companies in industries such as banking, manufacturing, consumer goods, telecommunications, and energy have begun to adapt more effectively to shifting fiscal and [...]

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United Capital posts N28bn profit, lifts shareholder returns

Temitope Nlewemchi — Sat, 09 May 2026 14:45:03 +0000

United Capital Plc has reported a strong financial performance, posting a profit of ₦28 billion alongside improved returns to shareholders, underscoring resilient earnings growth and continued expansion across its investment banking and asset management businesses. The company’s latest results reflect steady revenue generation from its diversified financial services portfolio, which includes investment banking, asset management, [...]

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Lafarge Records 144% Surge in Q3 Profit, Hits N75 Billion

Temitope Nlewemchi — Thu, 23 Oct 2025 14:47:28 +0000

Lafarge Africa Plc has announced a remarkable 144 percent rise in its profit after tax for the third quarter of 2025, reaching N75 billion compared to N30.7 billion recorded in the same period last year. The cement manufacturing giant attributed the impressive performance to increased production efficiency, cost management strategies, and higher sales volume driven [...]

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NEXIM Bank Records Sharp Increase in Operating Profit, Hits N30.47bn

Temitope Nlewemchi — Fri, 03 Oct 2025 15:15:04 +0000

The Nigerian Export-Import Bank (NEXIM) has reported a significant boost in its operating profit, which climbed to N30.47 billion, underscoring the institution’s growing role in driving non-oil exports and supporting the federal government’s diversification agenda. This marks one of the strongest financial performances in the bank’s history, highlighting improved efficiency, prudent management, and increased lending [...]

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FCMB Group’s Profit Before Tax Climbs 23% to N79.3bn in H1 2025

Temitope Nlewemchi — Fri, 22 Aug 2025 10:00:12 +0000

FCMB Group Plc has reported a significant increase in its financial performance for the first half of 2025, with its Profit Before Tax (PBT) rising by 23 per cent to N79.3 billion, underscoring the company’s resilience and strategic business growth. The financial group, which operates across banking, asset management, and other financial services, attributed the [...]

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Champion Breweries Records N2.29bn Profit in H1, Marks Strong Recovery

Temitope Nlewemchi — Fri, 08 Aug 2025 17:25:08 +0000

Champion Breweries Plc has posted a profit after tax of N2.29 billion for the first half of 2025, marking a significant rebound from the loss recorded in the same period last year. The turnaround reflects improved operational efficiency, higher sales volumes, and better cost management, according to the company’s latest financial statement filed with the [...]

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Sterling Bank Records ₦41.8 Billion Profit in Latest Financial Results

Temitope Nlewemchi — Sun, 03 Aug 2025 13:04:07 +0000

Sterling Bank has announced a robust profit before tax of ₦41.8 billion for the first half of 2025, marking another impressive milestone in its financial journey. The strong performance underscores the bank’s resilience and strategic execution amid a volatile operating environment defined by high inflation, tight liquidity, and foreign exchange pressure. At a press briefing [...]

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Caverton Aviation Achieves ₦2.09 Billion Pre‑Tax Profit in H1 2025

Temitope Nlewemchi — Fri, 01 Aug 2025 12:11:21 +0000

Caverton Offshore Support Group Plc has posted a ₦2.09 billion profit before tax for the first half of 2025, marking a solid rebound in performance after periods of sectoral volatility. The result reflects improving operational demand, cost discipline, and strategic diversification across aviation and logistics services. During a presentation in Lagos, Caverton’s management team highlighted [...]

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Banking Sector in 2024: Recapitalization, Regulatory Changes, and Record Profits

Temitope Nlewemchi — Mon, 13 Jan 2025 10:12:48 +0000

The Nigerian banking sector navigated a transformative 2024, marked by significant recapitalization, stringent regulatory measures, and impressive profitability across the board. These developments underscored the sector’s resilience amid economic challenges and its adaptability to evolving financial landscapes. One of the year’s highlights was the recapitalization drive initiated by the Central Bank of Nigeria (CBN). Banks [...]

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Mutual Benefits Assurance reports N3.5 billion profit in H1 2022

Temitope Nlewemchi — Mon, 22 Aug 2022 15:15:27 +0000

Mutual Benefits Assurance Plc has posted a profit of N3.5 billion profit after tax for the half year of 2022, a significant jump from the loss record of N1.98 billion loss reported in the same period of last year. According to the financial report by the company, the increase in profit follows a significant rise [...]

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