Zenith Bank soars to new heights on triple-digit profit explosion
Post AMUGE
April 12, 2024
Gross earnings surge 125% to hit N2.1trn Onome Amuge Zenith Bank Plc, one of the forerunners of Nigeria’s banking sector, has revealed its audited financial results for the year 2023, flaunting an impressive 125 per cent increase in gross earnings, transcending its 2022 earnings of N945.6 billion to a staggering N2.132 trillion in 2023. The […]
The CEO’s secret to successful leadership: CEO Excellence revisited
Carolyn Dewar, Scott Keller, Vikram (Vik) MalhotraApril 10, 2024
Three McKinsey senior partners—and, now, international best-selling authors—reflect on the far-reaching impact of their book, CEO Excellence, two years after its release. In March 2022, McKinsey senior partners Carolyn Dewar, Scott Keller, and Vikram Malhotra launched CEO Excellence: The Six Mindsets That Distinguish the Best Leaders from the Rest (Scribner/Simon & Schuster, March 2022), a […]
GTCO delivers robust PBT of N609.3bn, up 184.5% YoY in FY 2023
Post AMUGEApril 10, 2024
Cynthia Ezekwe Guaranty Trust Holding Company Plc (GTCO), one of Africa’s largest financial services groups, has reported a profit before tax of N609.3 billion for the year ended December 31, 2023, representing a significant increase of 184.5 percent over the N214.2 billion recorded in the corresponding period of the previous year. GTCO’s audited consolidated and […]
UBA grows gross earnings 143% to hit N2trn milestone
Post AMUGEApril 9, 2024
Business a.m. Africa’s leading financial institution, United Bank for Africa (UBA) Plc, has released its 2023 financial results, which revealed a significant increase in its gross earnings. Despite the financial turbulence experienced in the banking sector, UBA’s gross earnings rose by 143 percent to N2.08 trillion in 2023, compared to N853.2 billion in 2022. The […]
Nigeria-Vietnam chamber champions climate smart solutions for development
Post AMUGEApril 9, 2024
To tackle food insecurity, youth unemployment Onome Amuge The Nigeria-Vietnam Chamber of Commerce and Industry (NVCCI) has drawn attention to the importance of climate sustainability approaches in addressing food insecurity, youth unemployment, and environmental issues in Nigeria. The importance of climate sustainability was highlighted at the NVCCI’s quarterly business meeting, held recently in Lagos, Nigeria. […]
N4.309 billion up for grabs as Unilever finalises dividend
Post AMUGEApril 9, 2024
Business a.m. Unilever Nigeria Plc has announced a total dividend payout of N4.309 billion to shareholders for the financial year ended December 2023. This comes on the back of the company’s board of directors exercising its authority under section 426 of the Companies and Allied Matters Act to recommend a dividend payment of 75 kobo […]
BUA Foods wows Investors with N5.50 final dividend as profit soars 23% to N112.1bn
Post AMUGEApril 9, 2024
Onome Amuge In a move that is sure to delight its shareholders,the board of directors of BUA Foods Plc has proposed a dividend of N5.50 per ordinary share for the financial year ended December 31, 2023. The proposed dividend, subject to appropriate withholding tax and shareholder approval, will be paid to those whose names appear […]
Nigerian Breweries eyes N600bn rights issue to boost capital
Post AMUGEApril 4, 2024
Joy Agwunobi Nigerian Breweries Plc, one of the leading companies in the Nigerian brewing industry, is planning to raise up to N600 billion through rights issues. The move, which is intended to tackle the negative impacts of the devaluation of the Naira and high borrowing costs on the company’s financial health, comes as the brewery […]
Transcorp Power’s FY 2023 gross earnings up 57.30% to N142bn
Post AMUGEApril 4, 2024
Business a.m. Transcorp Power Plc, one of the power subsidiaries of Nigeria’s leading listed conglomerate Transnational Corporation Plc, recorded gross earnings of N142.1 billion for the full year 2023, indicating a significant increase of 57.30 per cent compared to the same period in 2022, when the company reported gross earnings of N90.34 billion. Transcorp Power’s […]
Transcorp’s strategic positioning raises revenue 47.3% to N197bn in FY 2023
Post AMUGEApril 3, 2024
Business a.m. The Transnational Corporation Plc (Transcorp), one of Nigeria’s largest listed conglomerates, has announced a significant year-on-year growth, with revenue rising 47.3 per cent to N197 billion in 2023 from N134 billion in 2022, reinforcing its market leadership and strategic positioning. The company’s financial results for the year ended December 31, 2023, also indicated […]