…From breaking news to viral moments. Follow Legit.ng on Instagram!FCMB and Wema dominate profitsFCMB led the group with assets of approximately ₦8.36 trillion, followed by Wema with ₦5.76 trillion and Sterling with ₦4.67 trillion. Jaiz reported ₦1.64 trillion, while Infinity Trust’s assets stood at ₦53.25 b…

Producer of hit movie 'Obsession' sues for lost profits after $500m windfall at box office for the movie made with just $750k An executive producer of the 2025 horror hit "Obsession" is suing the film's production company and two producers, claiming she was pushed out of her rightful share of the profits despite playin…

…“What will this product become in five years?” I am not in a hurry to suddenly make huge profits from the product. I have always been a process man. But the truth is that people don’t have that patience and understanding. I know you have Vintage as an interior decoration outfit, which brings fashion into architecture.…

…an impressive 38.20% net profit margin Photo: BUAImagesBUA Foods dominates industry profitsWhile Nigerian Breweries ranked first by revenue, BUA Foods emerged as the dominant company in terms of profitability.The food manufacturing company accounted for 49.47% of the combined N601.74 billion profit generated by the 10…

…at dictating how companies should conduct their businesses or restricting legitimate profits. “Businesses are entitled to make legitimate commercial decisions and earn returns on their investments. Competition law does not prevent that. Its purpose is to protect the competitive process, so that prices, output and other…

…the company had rejected his proposals. He said the official told him that Shell’s major profits came from upstream operations and that the downstream business was more of a service than a major profit-making venture. But beyond profitability, Obasanjo said the official identified the small size of the Nigerian refiner…

…too many unproductive state-owned enterprises, always reporting losses while claiming profits — those profits are just made up,” Prabowo said in his state of the nation address to parliament. With the establishment last year of Indonesia’s Danantara sovereign wealth fund to manage state assets, “we discovered that ther…

0nlyFans model Maeurn using profits to build school in the Philippines OnlyFans model Maeurn Smiles is using her earnings from the platform to pursue a long-held goal of education by building a school and learning centre in the Philippines.Maeurn told TMZ that she had always wanted to become a teacher, but her family c…

…The amount payable depends on the type of transaction. Income tax Individuals who earn profits or gains from selling virtual assets will pay income tax at the rates applicable under the Nigeria Tax Act. Companies will also pay company income tax on taxable profits from virtual asset activities. Income from mining, stak…

…rate risks are lower, allowing them to preserve the value of returns when converting profits into foreign currencies.According to market analysts, countries with strong export earnings, healthy foreign exchange reserves and prudent monetary policies are better positioned to maintain currency stability even during perio…

Google profits quadruple to $112billion after investments in AI Google's profits have quadrupled to $112billion (£84billion), following its investments in AI. In the firm's latest quarterly update, CEO Sundar Pichai said that the successful quarter was due in part to growth of its AI model Gemini and AI search queries,…

…determined less by aircraft size than by fleet suitability. An airline earns sustainable profits when it deploys the right aircraft on the right route at the right frequency. Overland Airways has embraced this philosophy for more than two decades. Instead of chasing image, it has pursued efficiency. Instead of overcapa…

The profits of Nigeria’s surviving banks have risen 12 times since the landmark 2005 banking recapitalisation led by former Central Bank of Nigeria Governor, Chukwuma Soludo, an analysis by THE PUNCH has shown. The recapitalisation, which raised the minimum capital requirement for banks to N25bn, reduced the number of…

…K-pop groups such as TWICE, Stray Kids, and ITZY, generating substantial revenue and profits.He owns 17.8% of the stocks of JYP Entertainment, and his own stock holdings amount to approximately $169 million.Beyond equity, Park Jin-young remains an active creative force. He has appeared as a judge on several popular tel…

…has remained on providing durable and safe products, even when it means losing potential profits. During sourcing trips to manufacturing partners abroad, she revealed that she often rejected offers to produce lower-quality items specifically for the African market. “If it’s good enough for children elsewhere, then it’s…

…logic over public service obligations weaken the state itself, saying “market is about profits, governance is about service,” and that when the state overemphasises the market, “it weakens the state, the state becomes irresponsible, it becomes the least provider.” Director of the Centre for Development, Dauda Garuba, l…

…oil prices eased by 0.82 per cent to $84.24 per barrel on Wednesday as investors took profits after the previous day’s sharp rally, although renewed military confrontation and escalating rhetoric between the United States and Iran continued to underpin fears of disruptions to global crude supplies. Brent crude, the int…

…distributable reserves and re-establish its capacity to pay out dividends from future profits. The company explicitly clarified that this exercise is a “reorganisation” rather than a reduction of capital, stressing that there will be absolutely no reduction in the total number of issued shares held by investors. Furthe…

…suggests that the next frontier of corporate success may be measured not only by profits generated, but by lives improved. As businesses across Africa continue to redefine their role in society, BetKing’s model offers a compelling example of how purpose-driven leadership can strengthen both communities and corporate re…

…to the concept of impact investing, demonstrating that investors can achieve attractive profits while contributing to positive social outcomes. Watch the video here… "I've always been interested in finance. I think I got my first job in investment banking at 18 years old, at Lehman Brothers and at 20 years old, I was a…

…Charles received £26.8 million in private income from the Duchy of Lancaster in 2024-25. Profits from the historic duchy — a large, diversified portfolio of land, property, and investments managed like a modern business — funds personal expenses and some official duties. It is the main source of private income for the…

…caught between increasing prices and losing customers or absorbing costs and losing profits. Another major challenge is policy inconsistency. Changes in foreign exchange regulations, taxes, and import policies can happen suddenly, making long-term planning difficult. Entrepreneurs can handle difficult policies, but unc…

…on the Niger. In order to eliminate competition among themselves and so increase their profits, and to present a common front to their French rivals, the British firms amalgam- ated in 1879 under the name of the United African Company. This was changed first (in 1881) to the National African Company Lim- ited, and late…