By Ayomide Otitoju Sterling Financial Holdings Company Plc (Sterling HoldCo) has reported a 157% year-on-year increase in profit after tax, reaching ₦41.78 billion for the half-year ended June 30, 2025, up from ₦16.26 billion in the same period of 2024. The unaudited financial results released on Wednesday showed earnings per share rose to 89 kobo…
By Ayomide Oitoju BUA Foods Plc has posted a 101% year-on-year growth in profit before tax, reaching ₦276.1 billion for the half-year ended June 30, 2025, according to unaudited financial results submitted to the Nigerian Exchange Group on Wednesday. The company’s revenue climbed by 36% to ₦912.5 billion, supported by strong performances across its sugar,…
By Ayomide Otitoju Sterling Financial Holdings Company Plc (Sterling HoldCo) has announced a 157% increase in profit after tax (PAT), reaching ₦41.78 billion in the first half of 2025, up from ₦16.26 billion in the same period of 2024. The unaudited results, released Wednesday, also detail the Group’s next steps in a recapitalisation drive that…
By Ayomide Otitoju UAC of Nigeria PLC has reached an agreement to acquire CHI Limited—producers of Chivita and Hollandia brands—from The Coca-Cola Company, in a move aimed at strengthening UAC’s footprint in the Nigerian consumer goods sector. The transaction, subject to regulatory approval, aligns with Coca-Cola’s global strategy to adopt a flexible, asset-light model while…
By Ayomide Otitoju The Federal Government has praised the Dangote Petroleum Refinery for its world-class infrastructure and investment in Nigerian talent, calling it a symbol of national industrial capacity. Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, gave the commendation during an official tour of the 650,000 barrels-per-day facility in Lagos, describing the project…
By Ayomide Otitoju Akinola, Technical Assistant (Media) to the Executive Chairman of the Federal Inland Revenue Service, has commended President Bola Tinubu’s new tax laws, describing them as a bold step toward correcting Nigeria’s ailing economy and strengthening fiscal federalism. Drawing from decades of experience studying Nigeria’s fiscal policies—from the oil boom of the 1980s…
By Ayomide Otitoju The Institute of Chartered Accountants of Nigeria (ICAN), Fidelity Bank Chapter, has inaugurated Mr. Audifax Onuoha as its new Chairman at the Chapter’s 4th Investiture and Patron Conferment Ceremony held at Fidelity Bank’s Head Office, Fidelity Place, Lagos. The event also marked the formal inauguration of the Chapter’s 2025–2027 Executive Committee. Mr….
By Ayomide Otitoju Wema Bank Plc has reported a 231% year-on-year rise in profit before tax (PBT) to ₦101.2 billion in its unaudited financial results for the half-year ended June 30, 2025, up from ₦30.55 billion in H1 2024. The results, filed with the Nigerian Exchange Group (NGX), mark a significant milestone for Nigeria’s oldest…
By Ayomide Otitoju President Bola Tinubu has approved a one-year extension of the tenure of Comptroller-General of the Nigeria Customs Service, Bashir Adewale Adeniyi. The extension, which will now keep Adeniyi in office beyond his scheduled retirement date of August 31, 2025, was announced in a statement issued Thursday by Presidential Adviser on Information and…
