Financial statements

NEM Insurance Posts N97.96bn Revenue, Net Income Up By 30%

NEM Insurance had an impressive financial year in 2024, with revenue rising by 88 percent after generating N97.96 billion, up from N52.11 billion recorded in 2023. However, incurred claims and claims handling

Prime Business Africa

April 18, 2025

Stanbic IBTC Fined N159 million For Earnings Misinformation, Hoarding Export Proceeds, Others

Business

Stanbic IBTC In Trouble For Hoarding Export Proceeds, Misinformation On Earnings

For contravening various guidelines, Stanbic IBTC Holdings Plc was slammed with fines by the Central Bank of Nigeria (CBN) and the Securities and Exchange Commission (SEC). Stanbic IBTC was also penalised by

Fakoyejo Olalekan

March 28, 2023

Business

GTBank’s Parent Firm Risks Regulatory Sanction Over Financial Statement

Guaranty Trust Holding Company (GTCO) risks facing regulatory sanction over its Audited Financial Statements (AFS) for the year ended 31 December 2022. GTCO, the parent company established out of Guaranty Trust Bank

Fakoyejo Olalekan

March 24, 2023

Business

Afromedia In Court Battle With Standard Chartered Bank Over N3.15 billion Loan

Afromedia has revealed that it will fail to meet the deadline to release its Audited Financial Statements for the year ended 31 December 2022 due to a lawsuit the firm is battling.

Fakoyejo Olalekan

March 22, 2023

Business·Insights

Best Performing Nigerian Cement Companies: Aliko Dangote Losing To Abdulsamad Rabiu

As earnings report for the first half (H1) period of 2022 emerges from Nigerian cement producers, Prime Business Africa analyses the performance of the Big Three companies operating in the industry. The

Fakoyejo Olalekan

August 8, 2022

Business·Insights

International Breweries’ Investors Lost N10.74 billion In Five Days

International Breweries investors lost -6.89% of their investment after five days of trading this week, as the alcoholic producer’s share depreciated in the Nigerian stock market. Their loss was caused by sell

Fakoyejo Olalekan

July 22, 2022

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NEM Insurance Posts N97.96bn Revenue, Net Income Up By 30%

Stanbic IBTC In Trouble For Hoarding Export Proceeds, Misinformation On Earnings

GTBank’s Parent Firm Risks Regulatory Sanction Over Financial Statement

Afromedia In Court Battle With Standard Chartered Bank Over N3.15 billion Loan

Best Performing Nigerian Cement Companies: Aliko Dangote Losing To Abdulsamad Rabiu

International Breweries’ Investors Lost N10.74 billion In Five Days

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