Rising Claims Impact Nigerian Insurance Companies as Net Payouts Surpass N116 Billion in 2023
Leading insurance companies in Nigeria are facing a considerable challenge as they reported a substantial increase in net claims paid, ...
Tag: profitability
Global Banking Landscape 2023: A Roller Coaster Ride of Challenges and Triumphs
In the ever-evolving world of banking, the year 2022 posed significant challenges, reshaping the dynamics of financial institutions across the ...
Honeywell Flour Mills Reports ₦8.64 Billion in Forex Losses Due to Exchange Rate Fluctuations
Honeywell Flour Mills Plc, a prominent flour milling company in Nigeria, has faced substantial foreign exchange losses amounting to ₦8.64 ...
Jumia Reports 28.1% Decline in Customer Base in Nigeria Due to Inflation Woes
Jumia, has unveiled its Q2 2023 financial results, revealing a substantial 28.1% reduction in its customer base as the impact ...
Conoil Plc Revenue soar to N56.3 Billion for H1 of 2023.
Conoil Plc has released its financial statement for the period ended June 30, 2023, revealing significant growth and promising prospects. ...
Explosive Growth: Transcorp’s H1 2023 Profits Soar Amidst Challenging Environment.
Transnational Corporation Plc, a leading indigenous conglomerate with diverse interests in power, hospitality, and oil sectors, has recently released its ...
Unilever Nigeria Plc Revenue Hits N29.6 Billion for the First Half of 2023.
Unilever Nigeria Plc, a leading consumer goods company, has released its unaudited interim financial statements for the six months ended ...
Uber Drivers Consider Ultimate Strike Over Unmet Demands.
Ride-hailing drivers affiliated with the Amalgamated Union of App-based Transport Workers of Nigeria (AUATWON) are contemplating a potential strike action ...
Manufacturers Association of Nigeria Highlights Electricity Shortage as a Barrier to Profitability
The Manufacturers Association of Nigeria (MAN) has identified the country's inadequate electricity supply as a major obstacle to the profitability ...
Rising AMCON Expenses Pose Future risk for Nigeria’s Banking System.
The escalating expenses incurred by Nigerian banks for the Asset Management Corporation of Nigeria (AMCON) and deposit insurance premiums in ...
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