News from Nigeria’s capital, currency, commodities, cryptocurrencies and money markets.
Okomu Oil sees 39.8% profit jump in first quarter 2025, on strong turnover
MTN targets rural penetration as active MoMo wallets decline to 2.1 million in Q1 2025
Zenith Bank posts all-time high quarterly interest income of N837.6 billion in Q1 2025
Naira holds steady at N1,602/$1 in official market
Julius Berger Q1 profit drops 64.6% as rising costs and FX losses hit earnings
Elektron Finance SPV Plc to launch N17 billion infrastructure bond to boost Nigeria’s energy sector
Nestle posts N295 billion in revenues, best quarter ever
Wema Bank’s reports pre-tax profit of N41.1 billion as higher interest income propels growth
First Holdco rakes in N625.3 billion interest income in Q1 2025, expands lending by N1.1 trillion
United Capital posts profit of N6.7 billion in Q1 2025 as gross earnings more than double
Transcorp reports strong growth in energy sales and capacity charges, as quarterly profits climb 8%