NNPC Profit Hits N5.4tn as Directors' Pay Soars 58%
NNPC Limited reports record N5.4 trillion profit while directors' fees jump to N4.1 billion. Zero staff resignations in 2024 as administrative costs surge. Read the full analysis.
Category : Search result: operating profit
MDAs Risk Fund Suspension Over Financial Reporting
The Federal Government warns MDAs to submit 2025 financial statements by Dec 31 or face indefinite fund suspension and queries. Accountant-General issues strict guidelines.
NNPC's ₦5.4trn Profit Shows Impact of Reforms
NNPC Limited's record ₦5.4 trillion profit for 2024 is hailed as proof of successful reforms under Bayo Ojulari. Discover how operational discipline and commercial changes are reshaping Nigeria's oil and gas sector.
NNPC's N5.4trn Profit Sets New Public Sector Standard
Policy group CEAR praises NNPC's historic N5.4 trillion profit, crediting CEO Bayo Ojulari's leadership for resetting standards in Nigeria's oil and gas sector. Discover the details.
NNPC Posts N5.4trn Profit, Reveals $60bn Investment Plan
NNPC Limited announces record N5.4 trillion profit after tax for 2024 and reveals ambitious $60 billion investment strategy to boost oil, gas and clean energy capacity by 2030.
Universal Insurance Records 388% Profit Surge
Universal Insurance Plc reports N1.13bn post-tax profit for nine months ending September 2025, marking 388% growth. Driven by investment gains and premium growth. Read full analysis.
Sony hikes profit forecast 8% on Demon Slayer success
Sony increases full-year profit forecast by 8% to $6.8 billion, driven by Demon Slayer box office hit and strong PlayStation sales. Shares jump 5.7%.
Sony hikes profit forecast on gaming, anime boom
Sony increases its full-year profit forecast to ¥1.05 trillion, driven by the global success of Demon Slayer anime and strong PlayStation sales. Discover how the entertainment giant is thriving.
First Bank Holdings Posts N450.9B Profit
First Bank of Nigeria Holdings Plc announces staggering N450.9 billion profit as it strategically positions itself for Central Bank of Nigeria's banking sector recapitalisation requirements.
AstraZeneca Profit Soars with 19% Revenue Growth
British-Swedish pharmaceutical giant AstraZeneca reports massive profit jump with 19% revenue growth. Discover how emerging markets and cancer drugs drove this impressive performance.
Neimeth Pharmaceuticals Profit Soars 120%
Neimeth International Pharmaceuticals records massive 120% operating profit growth as strategic marketing expansion and cost management deliver outstanding results in Nigerian healthcare sector.
Toyota Raises Profit Forecast Amid Nigerian Tariff Concerns
Toyota Motor Corporation significantly increases its full-year profit projections amid weak yen and strong sales, but Nigerian consumers may bear the brunt through increased tariffs.
Nigerian troops crush terrorist attack in Borno
In a major counter-terrorism victory, Nigerian military forces have successfully repelled a coordinated terrorist attack on a forward operating base in Borno State, eliminating numerous ISWAP and Boko Haram combatants.
BP Profit Surges to $2.7B as Oil Prices Soar
British energy giant BP announces staggering $2.7 billion quarterly profit amid soaring oil prices, marking a dramatic turnaround from previous losses and signaling strong market recovery.
Sterling HoldCo Profit Soars 127% in Stunning Growth
Sterling Financial Holdings Company reports explosive 127% profit growth, reaching ₦21.8 billion as assets surpass ₦2.1 trillion in latest financial results.
Profit Over Nigerians: Feyi Fawehinmi's Business Truths
Discover the eye-opening revelations from financial analyst Feyi Fawehinmi about how Nigerian businesses prioritize profits over citizens' welfare and what entrepreneurs can learn from this troubling trend.
Exxon & Chevron Profits Dive as Oil Prices Fall
Major oil giants ExxonMobil and Chevron report significant profit declines as volatile crude prices impact Nigeria's energy sector and global markets.
BYD Q3 Profit Jumps 33% as EV Giant Expands Globally
Chinese electric vehicle powerhouse BYD reports impressive 33% profit surge in Q3 2024, defying market slowdown and expanding global dominance with aggressive overseas strategy.
Shell Profit Jumps to $7.7B Amid Oil Price Surge
Shell records massive profit jump to $7.7 billion amid rising oil prices, signaling positive trends for Nigeria's oil-dependent economy and energy sector investments.
GTCO Records ₦900.8 Billion Profit in Q3 2024
Guaranty Trust Holding Company Plc (GTCO) announces exceptional financial performance with Profit Before Tax hitting ₦900.8 billion in Q3 2024, showcasing remarkable growth and market leadership.
Nigerian insurer grows premium to N15.3b amid challenges
Despite Nigeria's tough economic climate, a leading insurance company reports impressive 15% premium growth, reaching N15.3 billion while maintaining strong profitability metrics.
Samsung Profits Jump 32% in Q1 2024
Samsung Electronics reports impressive 32% profit surge in first quarter 2024, driven by AI boom and memory chip recovery. Find out how the Korean tech titan is beating expectations.
Meta Stock Plummets After ₦2.4 Trillion Tax Hit
Meta Platforms faces massive profit decline as €1.9 billion tax charge from European operations sends shares tumbling. Discover how this impacts investors and the company's financial future.
Santander Bank Posts Record €11.1 Billion Profit
Spanish banking giant Santander reports historic €11.1 billion profit for 2023, driven by strong European and American markets. See how this impacts global banking.
BASF Profit Dips 37%, Demands EU Cut Red Tape
German chemical company BASF reports significant profit drop, calls on European Union to reduce bureaucratic hurdles affecting business competitiveness in latest earnings report.
Mercedes Profit Plunge: Nexperia Chips Assured
Mercedes-Benz reports significant profit drop while reassuring investors about Nexperia chip supplies. Latest financial results show 30% EBIT decline as luxury car market faces headwinds.
Mercedes-Benz Profit Dives 30% Amid China Slump
German luxury automaker Mercedes-Benz reports massive profit decline amid Chinese market struggles and new European Union tariffs on electric vehicles.
Deutsche Bank Posts Record €5.7 Billion Profit
Germany's banking giant Deutsche Bank reports historic €5.7 billion profit driven by strong trading and investment banking performance in 2023.
Airtel Africa Profit Soars to $376M on Data Surge
Airtel Africa reports impressive 11% subscriber growth and $376 million profit, driven by massive data consumption increases across its African markets.
NGX Loses N91bn as Investors Cash Out
The Nigerian Exchange witnessed significant profit-taking activities this week, resulting in a staggering N91 billion decline in market capitalization amid mixed trading sessions.
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