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Champion Breweries posts N817m profit

09.03.2025
Champion Breweries Plc has reported a profit after tax of N816.99m for the 2024 financial year, representing a 120.5 per cent increase from the N370.56m recorded in 2023. The company’s audited financial statements for the year ended December 31, 2024, showed that revenue rose by 64.5 per cent to N20.89bn from N12.70bn in the previous...
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NGX records first gain in March with N216bn profit

09.03.2025
The Nigerian Exchange recorded its first gain in March as renewed investor interest drove the market capitalisation up by N216bn. Following the day’s gain, the total market capitalisation of the equity market now stands at N66.9tn. At the close of trading on Thursday, the All-Share Index rose by 344.24 points, or 0.32 per cent, to...
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Lasaco Assurance grows profit after tax 44%

09.03.2025
Lasaco Assurance Plc has reported a 44 per cent increase in its profit after tax for the year ending 31st December 2024, rising from N1.3bn in 2023 to N1.89bn in 2024. The company disclosed this in its recently released unaudited financial results, highlighting growth across financial metrics. According to the financial report, the group’s total...
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FCMB Group projects N36.6bn profit in Q2

09.03.2025
FCMB Group has projected a profit after tax of N36.6bn for the second quarter ending June 30, 2025. The group’s earnings forecast shows that gross earnings are expected to reach N239.4bn, with interest income projected at N209.1bn. Interest expenses are estimated at N107.9bn, leaving a net interest income of N101.2bn. Foreign exchange earnings are forecasted...
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UBA trains over 3200 banking, finance professionals

08.03.2025
Africa’s Global Bank, United Bank for Africa Plc, has trained and inducted 3,222 banking and finance professionals on the continent through its Graduate Management Acceleration Programme. In a statement on Thursday, the lender said that the GMAP initiative, launched three years ago, is designed to equip young graduates with the necessary mentorship, training, and hands-on...
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Union Bank rewards 452 customers in savings promo

08.03.2025
Union Bank has rewarded 452 customers with over N21m in its savings promo. The winners, UnionKorrect account holders, emerged during draws held at its Douglas Road Branch in Owerri, Imo State, a statement from the lender said on Wednesday. During the recent draw monitored and supervised by relevant regulatory bodies, 100 customers were awarded N25,000...
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Citizens Pensions secures license to operate as PFA

08.03.2025
Citizens Pensions Limited has received regulatory approval to operate as a pension fund administrator in Nigeria, marking a step in the country’s pension industry. In a statement made available to our correspondent by the firm on Thursday, the approval enables Citizens Pensions to provide pension management services under the Contributory Pension Scheme, offering retirement solutions...
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Firm introduces direct export service to boost trade

07.03.2025
AAJ Express Logistics Limited, an indigenous logistics company, has launched a direct export service from Nigeria to the UK, USA, Canada, and 11 European countries to boost logistics export growth in the country. The launch ceremony of AAJ’s Express export direct service was held on Wednesday at its headquarters in Lagos. Speaking at the launch,...
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Global campaign launched to combat treatment non-adherence

07.03.2025
The inaugural World Adherence Day, observed on March 27, 2025, marks a global call to action against one of healthcare’s most pressing challenges—treatment non-adherence. Under the campaign slogan #DontMissaMoment, the initiative aims to educate patients, caregivers, and healthcare professionals on the importance of adhering to prescribed treatments.  Led by the World Heart Federation and supported...
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I apologise for saying no heaven without tithe – Adeboye

04.10.2024
The General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adeboye, has apologised for saying that Christians who don’t pay tithe might not make it to heaven. Adeboye who had previously said that paying tithe was one of the prerequisites for going to heaven, apologised for the comment while addressing his congregation Thursday...

Protesters storm Rivers electoral commission, insist election must hold

04.10.2024
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Man who asked Tinubu to resign admitted in psychiatric hospital

04.10.2024
The Adamawa State Police Command has disclosed that the 30-year-old Abdullahi Mohammed who climbed a 33 kv high tension electricity pole in Mayo-Belwa last Friday has been admitted at the Yola Psychiatric hospital for mental examination. The Police Public Relations Officer of the command SP Suleiman Nguroje, told Arewa PUNCH on Friday in an exclusive...

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