30 results
- 29 Sept 2022
Whistle: Earn up to N200,000 Monthly for Reporting Traffic Offenders
Whistle App a purpose-built solution to combat issues of constant hazards on our roads, incessant traffic, and other various social problems that affect our quality of life has been launched in…
- 30 Jan 2016
Microsoft Fortunes Boosted by Increased Demand for Cloud Services
Shares of Microsoft rose in after-hours trading on Thursday, following the release of a fiscal second-quarter earnings report that exceeded analysts' expectations. Microsoft earned an adjusted $0.78…
- 12 May 2026
Fidelity Bank Hits N1trn Milestone as Earnings Surge 45%
Fidelity Bank Plc has reported a 45 percent increase in gross earnings for the 2025 financial year, as the lender’s shareholders’ funds crossed the N1 trillion mark following sustained balance sheet…
- 8 Mar 2018
MTN Returns to Profitability in 2017 Annual Report
MTN's earnings swung back to profit for the year ended 31 December 2017, although the strong rand dented revenue growth and new subscriber definitions saw active customer numbers tumble. The telco…
- 16 Nov 2021
Insurance Firms Rake in N2.1tn Premiums in Five Years – Report
Nigerian insurance companies earned a total gross premium of N2.1tn between 2016 and 2020, according to figures from the Nigerian Insurers Association. The data showed that the industry maintained…
- 21 Aug 2014
Opera's Mini Browser to be Installed on Microsoft phones
Norwegian software maker Opera signed a deal to take over the browser building unit of Microsoft's Nokia mobile phone unit and reported second-quarter earnings above expectations yesterday, sending…
- 26 Jul 2020
MTN Expects 140 Per Cent Jump in Interim Earnings
MTN, mobile communications company at the weekend said that it expected to report an increase in earnings per share of at least 345 cents or 140 percent for the half year ended June. In a trading…
- 1 Jan 2020
NSE Lifts Suspension on Omatek Ventures after 2 Years
Nigerian Stock Exchange (NSE) has lifted suspension on trading in the shares of Omatek Ventures Plc as the troubled computer firm continues efforts to stabilise its operations and governance…
- 5 Mar 2015
MTN Wary About Growth in Nigeria
Africa's largest telecoms provider MTN Group reported muted full-year earnings growth and warned of possible headwinds as weaker oil prices bring economic doubts to its biggest market in Nigeria. The…
- 18 Oct 2016
FXTM: U.S. Earnings, ECB meeting, Chinese GDP & Final Presidential Debate
Asian shares reversed early gains on Monday while the greenback held steady at its highest levels in seven months in what seemed to be a slow start for a busy week. U.S. equities received a boost on…
- 11 Jul 2018
Nigeria to Earn N3.63B From Domestic Tourism By End of 2018, Hospitality Report Says
Nigerian domestic tourism sector is expected to contribute N3.63 billion to the country’s GDP by the end of 2018. This was contained in a 2018 Nigeria hospitality report released on Tuesday by…
- 31 Oct 2013
Niger Delta Militancy, Others Hobble Shell’s Global Profit
Continued militancy in the Niger Delta, Nigeria’s oil and gas belt despite a government programme to retool restive youths has helped driven down Royal Dutch Shell’s global profit margin for 2013 by…
- 17 Mar 2025
MTN's Earnings Hammered by Free Falling Naira in Nigeria
MTN Group has reported a 69 per cent decline in full-year earnings, citing the impact of Nigeria’s naira devaluation and operational difficulties in Sudan. Karl Toriola, chief executive officer, MTN…
- 2 Nov 2025
Zenith Bank Grows Gross Earnings to N3.4trn on Strong Interest Income
Zenith Bank Plc has reported a 16% year-on-year growth in gross earnings to N3.4 trillion for the nine months ended September 30, 2025, up from N2.9 trillion in the same period of 2024. The growth,…
- 1 Feb 2013
NNPC Cornered $5Bn in 3 Years-NEITI
Nigerian National Petroleum Corporation (NNPC) has been indicted over failure to remit $4.84 billion from the Nigerian Liquefied Natural Gas (NLNG) to the Federation Account in line with statutory…
- 24 Jun 2016
Oracle Expects Q1 FY17 SaaS & PaaS Revenues Up to 80%
Oracle Corporation has announced fiscal 2016 Q4 results. Total Q4 Revenues were $10.6 billion, down 1% in U.S. dollars and flat in constant currency. Cloud plus On-Premise Software Revenues were $8.4…
- 7 Jan 2017
Samsung Forecasts Fourth-Quarter Profit at Over Three-Year High
Samsung Electronics Co Ltd., the South Korea electronics giant, said on Friday its fourth-quarter profit likely leapt 50 percent from a year earlier to its highest level in more than three years,…
- 14 Feb 2020
Airtel Nigeria, East Africa Boost Airtel Africa Earning
Pan-African telecommunications company, Airtel Africa has reported a 9.9% increase in its revenue to US$2, 522-million for the nine-month period ended 31 December 2019, coming off the back of strong…
- 11 Jul 2016
The Week Ahead: U.S. Corporate Earnings, BOE & China’s GDP
The robust U.S. jobs report at the conclusion of last week sent equities towards record levels on Friday, with the S&P 500 ending the session less than one point away from its record high seen on…
- 21 Feb 2016
Value of PoS Transactions down to N46Bn in January
Merchants across the country recorded transactions through point of sale (PoS) terminals worth N46 billion in some 3.6 million number of transactions in January this year. The figure achieved…
- 5 Mar 2014
Nigeria Becomes Cash Cow for MTN Group
MTN Group, Africa's largest telecoms provider, reported a 27 percent rise in full-year earnings on Wednesday, but also revealed a dip in revenues in its home market South Africa due partly to fierce…
- 6 Mar 2013
Omatek’s Interim Result Rings N234m Profit
Omatek Ventures Plc has reported a net profit of N233.59 million for the third quarter ended September 30, 2012 as against loss of N72.16 million recorded in comparable period of 2011, according to…
- 1 May 2025
Fidelity Bank’s Gross Earnings Hit N315Bn
Fidelity Bank Plc has recorded gross earnings of N315.4bn for the first quarter ended 31 March 2025, representing a 64.2 per cent increase from the N192.1bn reported in the corresponding period in…
- 6 Nov 2024
Telcos Scale Down on Network Investments to Reduce Forex Losses
MTN Nigeria Communications Plc and Airtel Africa Plc have reduced investments in network infrastructure to focus on minimising foreign exchange (FX) exposure and managing rising operational costs.…
- 29 Jun 2020
Unity Bank Repositions to Grow Profits
Unity Bank Plc said it is now positioned to increase lending activities and grow profitability. Its audited result and accounts for financial year ended December 31, 2019, of the lender showed…
- 9 Aug 2015
MTN Downbeat on Outlook for Nigeria
MTN Group gave a downbeat outlook for Nigeria, its biggest market, yesterday after losing high-end users to Gulf rival Etisalat. South Africa-based MTN, which reported a 10 percent decline in…
- 14 Jan 2020
Trade deal hopes lift risk mood; Gold loses luster
Lukman Otunuga, Senior Research Analyst at FXTM, The mood across financial markets continues to brighten on Tuesday amid signs of goodwill between the United States and China ahead of the “phase one”…
- 11 May 2022
Airtel Africa’s Revenue in Nigeria Surpasses Earnings from East Africa, Francophone Businesses
Airtel Africa’s revenue increased by 17.8 percent in the first quarter of this year with the Nigerian market accounting for the largest chunk of the earnings generated from data consumption and voice…
- 4 Aug 2019
MTN Investment in Nigeria Hits N2trn
MTN Nigeria Communications Plc has invested more than N2 trillion in its business operations over the past 18 years. The market value of MTN Nigeria closed at the weekend at N2.585 trillion.…
- 17 Dec 2015
Oracle Records Cloud SaaS, PaaS Revenue Growth
Oracle Corporation on Thursday announced its fiscal 2016 Q2 results. Oracle said in the report that the strengthening of the U.S. dollar compared to foreign currencies had a significant impact on…