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BUA Cement and Lafarge recorded over 100% profit growth in the first half of 2025

Dangote Cement reported the highest H1 2025 profit at ₦436.6 billion, up 50% from ₦291.7 billion in H1 2024.
BUA Cement’s profit more than doubled to ₦149.1 billion, a 164% rise from ₦56.5 billion in the same period last year.
BUA Cement had the fastest profit growth rate among the three major players, despite starting from a lower base.
Combined, the three firms posted over ₦720 billion in half-year profit, with Dangote alone accounting for over 60% of the total.
The sharp profit rises may reflect improved pricing, cost management, or benefits from forex gains after naira devaluation.

MTN Uganda recorded a higher average growth rate in profit than in revenue

In 2017, MTN Uganda recorded a 58% increase in profit with only a 9% revenue increase. On average, the telco had an 18.2% yearly increase in profit between 2016 and 2023, while revenue growth was at 9.2% yearly.

NNPC has recorded ₦6.8 trillion profit since 2020

Since 2020, the Nigerian National Petroleum Company Limited (NNPC) has seen a 1,048% profit increase, totalling ₦6.8 trillion over four years. From nearly eliminating losses in 2019, NNPC achieved a 16,982% profit surge in 2020. The growth persisted with 135% in 2021 and 278% in 2022. Despite a steady 29% increase in 2023, rising debts and fuel scarcity cast doubt on the sustainability of this success.

Unity Bank Plc recorded more losses in value than profit over a 12-year window

Since 2011, Unity Bank Plc has seen more losses than profits over a 12-year period. Despite a consistent growth in gross earnings from 2011 to 2017, profits were overshadowed by losses, exceeding profits by over ₦9 billion.