2023

Stanbic IBTC has reported a net profit of N140.6 billion in 2023, marking a remarkable surge in profit and key financial metrics of 74% growth from the N80.7 billion posted in 2022. The bank also reported gross earnings of N461.1…

Flour Mills of Nigeria Plc (FMN), Nigeria’s leading integrated food business has recorded a stable financial results for the third quarter of 2023, highlighting volume growth, improved profitability, and strong performance across…

Streaming giant, Netflix has hit a new subscription record in the fourth quarter of 2023. The company reported 13.1 million subscribers in the December quarter, its largest-ever fourth-quarter subscriber growth, exceeding projected…

Unilever has been officially announced as a sponsor of the Africa Cup of Nations in Cote d’Ivoire (AFCON 2023) and the Women’s Africa Cup of Nations in Morocco (WAFCON 2024), with both tournaments taking place this year. This…

The second edition of the Environmental Sustainability Conference, Expo, and Awards (ECOSEA) will take place on December 14, 2023, at the Muson Centre, Onikan, Lagos. The event which is themed “Sustainable Collaboration &…

Wema Bank Plc has recorded 130 per cent pre-tax profit for the third quarter of 2023, a surge of 61 per cent year-on-year gross earnings. This was made known in its unaudited results for the 3rd Quarter ended on 30th September…

Two leading mobile network operators in Nigeria, MTN and Airtel earned N403.2 billion from data service in Q3 2023 as data consumption by Nigerians peaked.   Specifically, MTN recorded N279.5 billion as data revenue between July…

FBN Holdings has announced its half-year profits for 2023 which grew by 231 per cent to N187.24bn compared to N56.602bn recorded at the end of June 2022. The result is more than threefold surge in net profit on an unusual boost in…

Wema Bank Plc has released its gross earnings of N39.35bn which is an increase of 35.04 per cent in the first quarter of the 2023 financial period compared to the N29.14bn recorded in the corresponding period of 2022. This was…

Internet subscriptions across mobile, fixed and VOIP networks in the country rose to 156.9 million in February this year. This is according to the latest report released by the Nigerian Communications Commission (NCC) that telecom…