Search Results for "Financial Performance"
12 results found
Guinness declares N265bn revenue, PAT up 53% to N25.3bn

…Rotimi Odusola, provided investors and analysts with an update on Guinness Nigeria’s financial performance, strategic priorities and outlook. Guinness Nigeria delivered a strong performance for the six months ended 30 June 2026, reporting approximately N265 billion in revenue, while profit after tax grew 53 percent to…

Business by nigerianewsfeed · 1 mon ago · 0 comments · 24 views
From megawatts to prosperity: Rural electrification in age of AI- REA MD Abba Aliyu

…natural-gas generation is booming. Siemens Energy reported record orders and financial performance in 2026, partly driven by gas-turbine demand associated with AI data centres and new power plants. Reuters reports that planned U.S. gas generation surged dramatically during 2025, while turbine manufacturers face extreme…

Business by nigerianewsfeed · 1 mon ago · 0 comments · 26 views
Presidency reacts as NGX-listed Nigerian firms record N14.40tn revenue

…of N4.99 trillion in the first quarter of 2026. Reacting, the presidency said the strong financial performance recorded by many companies listed on the Nigerian Exchange in the first half of 2026 was attributable to several key economic reforms implemented by the Tinubu administration since 2023. The presidency noted t…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 30 views
Fidson shareholders approve N3.6bn dividend after record N119bn revenue

…kobo ordinary share, translating to a total payout of ₦3.6 billion, following a record financial performance that saw the company become the first pharmaceutical manufacturer in Nigeria to exceed ₦100 billion in annual revenue. In a press release signed by Fidson’s Corporate Services Manager, Temitope Akindele, the com…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 48 views
Nigerians spent ₦1.7tn on MTN data in H1 2026

…headwinds. The strong growth in data revenue contributed to the company’s improved financial performance. MTN reported that revenue increased by 25.63 per cent year-on-year, while operating profit rose by 50.71 per cent to ₦1.26tn. Profit after tax climbed to ₦694.54bn, from ₦351.66bn in the corresponding period…

Business by nigerianewsfeed · 2 mons ago · 0 comments · 64 views
Lessons from Overland Airways: The value of matching aircraft to market

…of an airline’s operating expenses, such efficiency translates directly into stronger financial performance. Importantly, Overland has never allowed fleet conservatism to become technological stagnation. The recent acquisition of Embraer E175 regional jets represents a carefully calculated evolution of its business mod…

General News by nigerianewsfeed · 2 mons ago · 0 comments · 22 views
NSC Cooperative declares N181.2m surplus, unveils new leadership

…are undertaken solely for the benefit of members. Giving an account of the Society’s financial performance, the outgoing president announced that N90.61 million would be paid as dividends to members upon approval of the audited financial statements, with payments to be made directly into beneficiaries’ bank accounts in…

Politics by nigerianewsfeed · 2 mons ago · 0 comments · 25 views
How Gossy Ukanwoke is redefining responsible leadership in Africa’s gaming industry

…intensifies, industry analysts say companies will increasingly be judged not only by financial performance but also by how they address broader social challenges. Through initiatives such as BetKing Cares, Ukanwoke is positioning responsible leadership as a competitive advantage rather than a compliance obligation. His…

Business by nigerianewsfeed · 3 mons ago · 0 comments · 40 views
Firms risk losing global capital without sustainability reports, FRC warns

…never been more important. "A few years ago, businesses were assessed primarily on their financial performance. Today, investors, lenders, customers and even employees want a more complete picture. They want to know not only how much profit a company makes, but how sustainable that profit is. "They want to know how org…

Business by nigerianewsfeed · 3 mons ago · 0 comments · 60 views
SAHCO targets UAE expansion after posting N12 billion pre-tax profit

…and strategic expansion despite the challenging business environment. "The 2025 financial performance reflects the resilience of our business model, the commitment of our workforce, and our unwavering focus on operational excellence, customer satisfaction, and strategic expansion," Afolabi added. He further stated that…

Business by nigerianewsfeedofficial · 3 mons ago · 0 comments · 35 views
Passenger, cargo traffic boost SAHCO revenue

…approximately N9.742 billion for the 2025 financial year. The company recorded a strong financial performance, with revenue rising by 54 per cent to approximately N44.459,365 billion compared to N28.941,270 billion) in 2024. Profit Before Tax stood at approximately N12.264 billion, while Profit After Tax amounted to ab…

Business by nigerianewsfeedofficial · 3 mons ago · 0 comments · 41 views
Fortis Global Insurance secures regulatory approval for share capital reconstruction

…stock. Market analysts have noted that investors may continue to monitor the company's financial performance and restructuring efforts closely as it seeks to improve profitability and strengthen its balance sheet.

Business by nigerianewsfeedofficial · 3 mons ago · 0 comments · 36 views
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