Diversified Financials Nigerian Community

VFD Microfinance Bank has reported a significant turnaround in its financial performance, returning to profitability in the 2024 financial year with a profit after tax of N366.6 million. This marks a substantial improvement from the N333 million loss recorded in the previous year.

eTranzact International Plc has announced a remarkable pre-tax profit of N5 billion for the year ended December 31, 2024, marking a 53.2% year-on-year growth. This impressive performance highlights the company's accelerating profitability and strategic expansion in the fintech sector.

Abbey Mortgage Bank Plc kicked off 2025 on a strong note, posting a 68.64% jump in gross earnings to ₦3.77 billion in Q1 2025, compared to ₦2.24 billion in the same period last year. The impressive topline growth signals continued momentum in its income-generating activities, even as core lending activities showed signs of moderation.

Nigerian Exchange Group Plc (NGX Group) has announced its audited financial results for the year ended December 31, 2024, achieving a remarkable 157.3% year-on-year growth in profit before tax (PBT) to N13.6 billion. Key Point: NGX Group's impressive financial performance was driven by robust revenue expansion, strategic cost optimization, and increased market participation, demonstrating the group's resilience and financial strength.

United Capital Plc delivered a robust first-quarter performance in 2025, posting a profit after tax (PAT) of ₦5.89 billion , up 64% from the ₦3.59 billion reported in Q1 2024. The impressive bottom-line growth was underpinned by a 113% surge in gross earnings , which climbed to ₦13.1 billion , compared to ₦6.1 billion in the same period last year.

Stanbic IBTC Holdings Plc recorded a 79.81% year-on-year jump in net profit to ₦82.06 billion in Q1 2025, driven by strong growth in net interest income and effective repricing of interest-earning assets. The group’s ability to optimize yields while cutting funding costs proved pivotal in sustaining this exceptional bottom-line expansion.

Africa Prudential Plc has announced its 2024 financial results, reporting a significant increase in profit before tax (PBT) and profit after tax (PAT). Key Highlights: - PBT increased by 95% to N2.81 billion in 2024 - PAT grew by 88% to N1.81 billion - Gross revenue rose by 31.5% to N5.19 billion - Total dividend payout increased by 67% to 75 kobo per share - Total assets expanded by 52% to N34.84 billion.