Earnings

Wema Bank posts N13.51bn revenue shortfall as loan restructuring bites

  Arakunle Kayode   Wema Bank recorded a sharp decline in revenue generated for the year 2020 on the back…

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UBA posts positive bottom-line performance as PAT grew 27% y/y to N38.2bn in Q1

  Charles Abuede   United Bank for Africa (UBA) Plc in its recently released unaudited financial results for the first…

Pandemic induced pressures sliced Nigerian Breweries’ revenue by 4.3% y/y to N337bn; declares N0.69k final dividends

Shareholders to receive 100% dividends payout in shares or cash options   Charles Abuede    Nigerian Breweries Plc, the foremost…

Reduced FX losses drove Access Bank Plc’s robust revenue growth by 14.7% y/y to N764.7bn amidst challenging operating environment

Banking group reports an overwhelming Q4’20 numbers with falling gross earnings to N171.9bn   Charles Abuede   Nigeria’s top-most lender,…

UAC Nigeria Plc announces a 2.7% y/y revenue growth to N81.4bn despite COVID-19 related disruptions

Board has approved the unbundling of UPDC REIT units, valued at N3.6 billion, to UAC shareholders   Charles Abuede  …

BUA Cement Plc posts strong numbers as revenue surged 19.3% y/y to N209.4bn in 2020 despite challenging business environment

Proposes dividend of N2:067k to shareholders   Charles Abuede   BUA Cement Plc, a leading cement manufacturer and a subsidiary…

Dangote puts life back in ANAMMCO with N63bn truck orders 

By Samson Echenim Dangote Group says it has bought over 3,500 units of locally assembled Shacman trucks worth N63 billion at…