9 results for “Profit”
MTN Nigeria's half-year revenue approached N3 trillion as data sales and a wider subscriber base drove profit sharply higher, reinforcing the telecoms sector's role as a pillar of the consumer economy.
Dangote Petroleum Refinery reported a profit of about N6.29 trillion (about $4.73 billion) for the first nine months of 2026, cementing its turnaround.
Five leading Nigerian financial institutions reported a combined pre-tax profit of about N2.29 trillion in the first half of 2026, cementing banking's dominance of corporate earnings.
Nigeria's equities market fell for a second straight session on October 13, with the All-Share Index slipping 0.09% as investors booked profits in large-cap stocks after a record run.
The lender reported N637.6 billion in profit before tax for the six months to June, while after-tax earnings fell and the board proposed a N1.50-per-share interim payout.
The All-Share Index fell 0.97% in the week ended 9 October, while trading value increased despite a drop in share volume.
Volume growth is holding up, but profitability is being squeezed from both directions.
The group paired a 16.2 percent profit increase with faster deposit growth and a lower cost-to-income ratio in its 2025 accounts.
Shareholders approved a final 70-kobo payment, taking the full-year distribution to N1 per share after an interim dividend.