Company News

  • FBN Holdings Plc recorded significant growth in its Q1 financial performance, with a 53.64% increase in profit before tax, reaching N56.105 billion. Profit after tax also showed strong growth of 54.48%, reaching N50.054 billion. The......

  • MTN Group Ltd., Africa’s biggest mobile-phone operator, plans to build a $320 million inland fiber cable to connect ten countries, as telecommunications companies push to expand service to the continent’s growing population. MTN, through its......

  • Access Holdings has received the second of the three regulatory approvals for the takeover of Finibanco Angola S.A., the group said in a statement issued Wednesday. The move followed authorisation from the Central Bank of......

  • Access Holdings Plc has proposed a final dividend of N1.30 kobo per every 50 kobo Ordinary Shares already held. It is subject to the approval of shareholders at the maiden edition of Access Holdings’ annual......

  • Fidelity Bank Plc has released its 2022 Audited Financial Statements on the Nigerian bourse. The results showed a 34.4% growth in Gross Earnings YoY to N337.1bn, driven by 45.2% growth in interest and similar income......

  • Access Holdings Plc full year 2022 financial results showed strong growth across revenue lines, despite the strong macroeconomic headwinds locally & internationally. The banking group registered a record revenue of ₦ 1.4 trillion a 43%......

  • United Bank for Africa (UBA) reported a profit surge of 29.1 per cent in the three months to March, profiting from a series of rate hikes by the Central Bank of Nigeria that helped strengthen......

  • Fidelity Bank has sold a 10.4 percent controlling stake in the financial institution through private placement. The disposed controlling stake worth N13.97 billion was sold to two unnamed investors. According to a statement released by......

  • In line with its 5-year strategic development plan, Access Bank, the commercial banking unit of Access Holdings Plc, has received $300 million as capital investment from the parent company to further its expansion within Africa,......

  • Access Bank has partnered with AfriGOpay, a financial services business affiliated with the Nigeria Inter-Bank Settlement System (NIBSS) to launch the first Nigerian national domestic card designed to meet the needs of the Nigerian payment......