Telecom operators make N2.25trn in 12 months

Telecom operators grew their revenue by 15 percent in one year to reach N2.25 trillion in December 2018 from N1.96 trillion in 2017, a report by the Nigerian Communications Commission has shown. According to the industry regulator, investment of the operators in infrastructure declined by 62 percent to stand at N32.1 billion by the end […]

UBA declares N0.20 interim dividend on 30% PAT growth

United Bank for Africa Plc has announced its audited half year financial results for the period ended June 2019, showing a 30 percent growth in Profit After Tax (PAT). Board of directors for the company thus declared an interim dividend of N0.20 per share for every ordinary share of N0.50 each held by its shareholders. […]

Jumia reports 94% increase in 2019 second quarter

Jumia Technologies on Thursday announced its financial results for the second quarter ended June 30 with a 94 percent increase in gross profit. Sacha Poignonnec, the co-chief executive officer of Jumia, disclosed this at a media briefing held in Lagos. According to him, the quarter witnessed continued strong growth of top-line drivers, delivery of cost […]