
PZ Cussons reported a significant increase in its annual net profit, which rose by 298% to N49.1 billion. This surge was primarily attributed to a profit of N38.7 billion from the disposal of fixed assets, a stark contrast to the N6.5 million recorded in the previous year, according to Premium Times Business.
AI summary. Verify with the original source.
Read full story at Premium Times Business ↗
Listen
Unlock audio summaries, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumBackground facts
Unlock wikipedia facts, audio summaries, AI chat, Wikipedia facts, and ad-free reading.
$3.99 / month · cancel anytime
Go PremiumSimilar stories

FCMB Group Plc reported a profit of N177 billion and announced a dividend payout of N23 billion for the year 2025, indicating robust growth across its various business segments, according to Punch.
Punch·July 5, 2026 at 2:45 AM
The Nigerian National Petroleum Company Limited (NNPCL) reported significant financial growth for April, with revenues reaching N4.97 trillion, an increase from N2.77 trillion in March. Profit after tax also rose to N481 billion, up from N276 billion the previous month. Despite these impressive figures, concerns about public dissatisfaction persist, highlighting a disconnect between corporate profits and the experiences of the populace, according to Daily Trust.
Daily Trust·June 25, 2026 at 12:29 AM
Uganda Clays Limited reported a net profit of Shs142 million ($39,453) for the year ending December 2025, marking a recovery from a loss of Shs4.9 billion in 2024. This turnaround is attributed to improved efficiency and lower production costs, despite increased finance costs. The company faced operational disruptions and high costs in previous years, but revenue increased by 10% during this period, according to Uganda Business News.
Uganda Business News·April 9, 2026 at 2:19 AM
The combined market capitalisation of 12 listed deposit money banks in Nigeria reached N22.51 trillion in the first half of 2026, driven by the successful implementation of reforms by the Central Bank of Nigeria (CBN) and strong earnings from these institutions, according to ThisDay Live.
ThisDay Live·July 5, 2026 at 3:38 AM
According to PwC, family-owned businesses in Africa have shown greater resilience than those globally, with 66% reporting sales growth in the past year despite facing inflation, tax challenges, and economic uncertainty. This performance highlights the strength of African family businesses in a challenging economic environment.
Nairametrics·June 25, 2026 at 5:49 AM
Nigerian banks UBA, GTCO, and Access Holdings invested N118 billion in aggressive advertising campaigns over a period of 15 months, focusing on brand promotion in a competitive market, according to Punch.
Punch·July 6, 2026 at 12:03 AM