Ronald Adamolekun

Profit after tax stood at ₦40.7 billion, up from ₦26.6 billion a year ago, as third-quarter profit accounted for 37.8 per cent or ₦15.4 billion of the earnings posted in the period.

The commercial banking division of the group accounted for 94 per cent of turnover and 87.4 per cent of post-tax profit.

The commercial banking division of the group accounted for 94 per cent of turnover and 87.4 per cent of post-tax profit.

Nigeria, Oct. 23 -- First HoldCo Plc logged a 65.1 per cent rise in net profit in the first nine months of 2026, relative to the same period of last

Unilever Nigeria, whose products include top brands like Lipton, Knorr, Close-Up, Vaseline and Pears, among others, generated 98 per cent of its revenue through domestic sales during the period, while exports accounted for the rest.

JP Morgan Merchant Bank Nigeria Limited plans to run wholesale banking, capital markets and advisory services, Michael Akuka, the CBN's director of corporate communications and investor relations, said in a statement on Friday.

This is not a buy, sell or hold recommendation but a stock investment guide. You may need to involve your financial advisor before taking investment decisions.

The financial services group posted an improvement in interest income, its major source of revenue, but faced increased pressure from interest expense, which jumped 27.7 per cent year on year.

The payment is a major step forward in the structured repayment plan agreed to by Nestoil and the lenders at a meeting facilitated by the EFCC.

Revenue, according to the conglomerate's newly released unaudited financial report, retreated to N357.4 billion from N412.4 billion a year earlier as the group also recorded a decline in income from its food & beverage and event centre rental businesses.