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Tag "profits"

FCMB overshoots full-year profit target on N84bn foreign exchange gains

    FCMB overshoots full-year profit target on N84bn foreign exchange gains

FCMB Group Plc overshot its 2023 full-year profit target with a better-than-expected final quarter that swelled foreign exchange (FX) gains from N54.8 billion at the close of the third quarter

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Additional FX loss of N101bn in Q3 crashes MTN’s profit to N18.7bn

    Additional FX loss of N101bn in Q3 crashes MTN’s profit to N18.7bn

MTN Nigeria Plc piled up additional unrealised foreign exchange (FX) loss of N101.4 billion in the third quarter (Q3), which crashed the profit for the quarter from N87.4 billion in

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N22.5bn FX loss overturns Flour Mills’ profit in Q1

    N22.5bn FX loss overturns Flour Mills’ profit in Q1

Flour Mills of Nigeria Plc incurred a foreign exchange (FX) loss of N22.5 billion in its first quarter (Q1) operations following the devaluation of the naira — which overturned the

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Again, credit losses keep United Capital’s profit flat at N2.4bn, increase cost in Q1

    Again, credit losses keep United Capital’s profit flat at N2.4bn, increase cost in Q1

Credit losses are on an upward surge for United Capital Plc for the second year, which lowered margins and left after-tax profit only moderately improved at N2.4 billion in the

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Stanbic IBTC Holdings maintains upturn for 2nd year with N29bn profit in Q1

  Stanbic IBTC Holdings maintains upturn for 2nd year with N29bn profit in Q1

Stanbic IBTC Holdings is staying on the recovery and growth track for the second year with an after-tax profit of

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Unilever keeps costs in check to grow profit to N2.7bn in Q1 2023

  Unilever keeps costs in check to grow profit to N2.7bn in Q1 2023

Unilever Nigeria Plc kept costs in check in the first quarter (Q1) of 2023, which enabled it to lift profit

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TotalEnergies loses profit to N16.4bn despite Q4 upturn

  TotalEnergies loses profit to N16.4bn despite Q4 upturn

TotalEnergies Marketing Nigeria Plc rebounded with a profit improvement in the final quarter of  2022 after two successive quarters of

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N37bn finance expenses cut Flour Mills’ profit by 41% in Q3 2022

  N37bn finance expenses cut Flour Mills’ profit by 41% in Q3 2022

Finance expenses of N37.5 billion claimed all the increase in operating profit of Flour Mills of Nigeria Plc and sent

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Fidelity Bank expects strong earnings growth for second year in 2022

  Fidelity Bank expects strong earnings growth for second year in 2022

Fidelity Bank Plc is expected to report a strong final quarter in the 2022 operations that could lift profit to

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FBN Holdings posts 5.8% increase in Q1 2021 non-interest income

  FBN Holdings posts 5.8% increase in Q1 2021 non-interest income

Despite the impact of COVID-19 pandemic on the operations of most financial institutions across the globe, tier-1 lender, FBN Holdings

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