Aramco Boosts Dividends Despite Drop In Profit

Aramco Boosts Dividends Despite Drop In Profit

Saudi Aramco has reported a steep decline in profits, after the energy giant cut production and oil prices fell sharply in 2023. Its profits fell 25% to $121bn (£91bn) profits after a record-smashing year in 2022. But the figure is...
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NGX Group Declares N5.2b Profit, N1.5b Dividend For 2023

NGX Group Declares N5.2b Profit, N1.5b Dividend For 2023

Nigerian Exchange Group Plc has announced its full-year Audited Financial Statements for the year ended 31 December 2023, with a profit after tax of N5.2 billion and a declaration of a final dividend of N1.5 billion.  The Group experienced a...
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Unity Bank Records N38.2b Gross Earnings In Q3

Unity Bank Records N38.2b Gross Earnings In Q3

Unity Bank Plc has recorded gross earnings of N38 billion for the nine-month period ended September 30, 2023, with customer deposits appreciating by 5% to N344.4 billion within the period, indicating business growth and customer confidence in the Bank.  A...
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Oando Declares N32.9b Profit For 2021

Oando Declares N32.9b Profit For 2021

Oando Plc, on Monday, declared N32.9 billon profit-after-tax in its full-year-ended 2021 financials. A statement explained that 2023 has seen the Company record positive highlights, including the recent announcement of its intent to acquire the Nigeria Agip Oi...
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Shell Declares $10b Profit In Q1

Shell Declares $10b Profit In Q1

Shell on Thursday posted a first-quarter (Q1) net profit of $9.65 billion as strong earnings from trading and higher Liquefied Natural Gas (LNG) sales offset cooling energy prices, while extending its large share repurchase programme.  The stronger-than-e...
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ExxonMobil Declares $11.4b Profit In Q1

ExxonMobil Declares $11.4b Profit In Q1

For the first three months of this year (2023), ExxonMobil’s profits more than doubled, helped by the increased demand for oil and gas. The US energy firm said cost-cutting measures also contributed to its record $11.4bn (£9.1bn) first-quarter profits, ...
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Dangote Sugar Declares N82.3b Profit For 2022

Dangote Sugar Declares N82.3b Profit For 2022

For the year 2022 ended December 31, 2022, Dangote Sugar Refinery Plc has reported a Profit Before Tax (PBT) of N82.3 billion, indicating an increase of 142 per cent to N48.28 billion over N34 billion recorded in the corresponding period...
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Dangote Sugar Declares N24.83b Profit In Nine Months 

Dangote Sugar Declares N24.83b Profit In Nine Months 

For the nine months period ended September 30, 2022, Dangote Sugar Refinery Plc has announced a Profit Before Tax (PBT) of N36.27 billion.  Group Managing Director, Dangote Sugar Refinery Plc, Mr Ravindra Singhvi, in a statement on Sunday explained that.....
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Q3:GTCO Declares N169.7b Profit

Q3:GTCO Declares N169.7b Profit

Guaranty Trust Holding Company Plc (GTCO) on Wednesday released its unaudited consolidated and separate financial statements for the period ended Sept. 30, to the Nigerian Exchange Ltd. (NGX) and London Stock Exchange (LSE).  The Group reported profit bef...
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UBA Records Double-Digit Growth, Declares N0.20k Interim Dividend 

UBA Records Double-Digit Growth, Declares N0.20k Interim Dividend 

United Bank for Africa (UBA) Plc, has announced its audited financial results for the half year ended June 30, 2022, recording double-digit growth across key income lines as well as significant progress in the contribution from its subsidiaries.   At...
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GTCO Post N103.2b Pre-Tax Profit In H1

GTCO Post N103.2b Pre-Tax Profit In H1

Guaranty Trust Holding Company Plc (GTCO) has posted a profit before tax of N103.2 billion for the period ending June 30.  The bank stated this in its audited consolidated and separate financial statements to the Nigerian Exchange Group (NGX) and...
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Shell Staff Get Profits Bonus  

Shell Staff Get Profits Bonus  

Energy giant Shell is to give its workers a one-off 8% bonus after the company reported record profits from high oil and gas prices.  Most of the 82,000 staff it employs worldwide will get the pay boost but top executives...
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FBN Holdings Declares N359.2b Gross Earnings, N56.5b Profit In Six Months 

FBN Holdings Declares N359.2b Gross Earnings, N56.5b Profit In Six Months 

FBN Holdings Plc has announced its unaudited results for the half year ended June 30, 2022 with a gross earnings of N359.2 billion.  In a statement on Friday, the company explained that the gross earnings indicated an increase of 22.4...
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Shareholders Laud NASCON’s N2.97b Net Profit In 2021 

Shareholders Laud NASCON’s N2.97b Net Profit In 2021 

National Salt Company of Nigeria (NASCON) Allied Industry Plc, a subsidiary of Dangote Industries (DIL) Ltd.,  recorded a net profit of N2.97 billion, while profit before tax rose from N3.9 billion to N4.3 billion for the year 2021. A statement issue...
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