earnings

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    VERITAS KAPITAL ASSURANCE PROFIT GROWS OVER N2BN

    VERITAS KAPITAL ASSURANCE PROFIT GROWS OVER N2BN Veritas Kapital Assurance Plc reported a significant increase in its post-tax profit, rising to N2.75 billion in 2023 from N712.43 million in the previous year. The company's IFRS 17-compliant audited financial results, filed with the Nigerian...
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    FBN HOLDINGS REVENUE SURGES BY 181%

    FBN HOLDINGS REVENUE SURGES BY 181% - FBN Holdings' gross earnings increased by 181.4% to N730.3 billion in the first quarter of 2024, compared to N259.5 billion in the same period last year. - The growth in revenue was driven by a 153.3% rise in interest income, reaching N455 billion in Q1...
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    TAJBANK GROWS PRE-TAX PROFIT TO N11BN

    TAJBANK GROWS PRE-TAX PROFIT TO N11BN The profit before tax of TAJBank, one of the non-interest banks in Nigeria, grew by 122 per cent to N11.3bn in 2023. In the non-interest banking segment of the financial sector, that was the highest PBT recorded so far for 2023. TAJBank’s gross earnings...
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    TRANSCORP HOTELS PLC RISES BY 1048% IN 12-MONTH

    TRANSCORP HOTELS PLC RISES BY 1048% IN 12-MONTH Transcorp Hotels Plc, a major player in the hospitality sector, has seen significant capital appreciation over the last 12 months despite recent unfavorable investor sentiment. The company’s stock increased by more than 1048% over the past year...
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    TAJBank grows pre-tax profit to N11bn

    TAJBank grows pre-tax profit to N11bn The profit before tax of TAJBank, one of the non-interest banks in Nigeria, grew by 122 per cent to N11.3bn in 2023. In the non-interest banking segment of the financial sector, that was the highest PBT recorded so far for 2023. TAJBank’s gross earnings...
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    FBN HOLDINGS RELEASES 2023 AUDITED ACCOUNTS, PROFITS SURGE BY 128%

    FBN HOLDINGS RELEASES 2023 AUDITED ACCOUNTS, PROFITS SURGE BY 128% FBN Holdings Plc, the parent company of FirstBank, reported a profit after tax of N310.4 billion for the year ended December 2023, up from N136.3 billion in 2022, marking its highest profit ever. This increase follows a delay in...
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    NIGERIA'S ’s GDP RISES 2.98% IN Q1 ON SERVICES SECTOR GROWTH

    NIGERIA'S ’s GDP RISES 2.98% IN Q1 ON SERVICES SECTOR GROWTH Nigeria’s economy grew by 2.98 percent year-on-year in real terms in the first quarter of 2024, according to the National Bureau of Statistics. This growth rate is higher than the 2.31 percent recorded in Q1 2023 but lower than the...
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