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Wed. Oct 15th, 2025
Trending News: Mbah, Deputy, Cabinet, Entire Enugu State Political Structure Dump PDP, Joins APCJim Ovia Named Doyen of Nigerian Banking Industry At The NGX Closing Gong CeremonyMAN, UNIDO Lament Low Manufacturing Contribution to GDPFagbemi Seeks Stronger Laws, Institutions in Fight against CybercrimeHouse Summons Cardoso Over Excessive Bank Charges, Launches Probe into Customer ExploitationHYPREP Restates Commitment to Ogoni Clean-UpFG, Gencos Agree on Framework for Reduction of N4tn Power Sector DebtOsimhen’s Hat trick Qualifies Super Eagles for World Cup Playoffs Nigeria to Battle Gabon in the Playoffs PRIORITISING EYE HEALTH IN NIGERIA  Cradle High School Holds First Graduation CeremonyAdron Homes’ Sole Ownership Claim of Treasure Park and Garden Phase 2, City of David Estate False, Allege HomeownersReal Estate Devt Firm Debunks Leadership Claims, Reaffirms Board StructureSHOW THE LIGHT, AND THE PEOPLE WILL FIND THE WAYIBEDC Assures of Power Supply Reliability Kwara Gov Inaugurates Otte/Budo-Egba WaterworksBREAKING: Kidnapped Southern Kaduna ECWA Pastor, Anthony Lamba, Dies In Bandits’ CaptivityHouse Set to Intervene In FG, ASUU Face-offDesignate Stolen Minerals Resources International Crime, Tinubu Tells ECOWAS A Mirror to Nigeria’s ContradictionsBREAKING: Bandits Strike Again In Kaduna’s Makarfi LGA, Abduct Pregnant Woman In Fresh AttackUBEC: Over 200,000 Teachers Benefit from JICA GrantsI Appealed to Buhari, Tinubu to Pardon Maryam Sanda, Father-in-Law RevealsShettima: Nigeria Unlocking $410bn Investment To Become Africa’s Renewable Energy HubTinubu Mourns Ex-Foreign Affairs Minister, Prof Joy OgwuNigeria Calls for Shared Global Effort to Accelerate Women’s Devt at Beijing ForumShell, Sunlink Take FID on 350m scuf/d HI Offshore Gas Devt ProjectPDP Loses Another Senator As Bauchi North’s Kaila Defects to APCBREAKING: DSS Storms Kugbo Market Abuja, Harasses Market Leaders Over Sowore’s Mobilisation For #FreeNnamdiKanu ProtestTinubu Seeks Senate’s Confirmation of Amupitan As New INEC Chairman, Omidiran for FCC ChairGov Mbah Officially Joins APC, Dumps PDPPathway Advisors’ Facilitated N6.135bn CP for Veritasi Homes OversubscribedNational  Assembly Accused of Violating Supreme Court Judgment with Central Gaming BillNigeria Secures Second Major Gas Investment In 18 months With Shell’s $2bn Offshore Gas Project BREAKING: Enugu Governor Peter Mbah Defects To Ruling APCBREAKING: Cameroon’s Opposition Leader Tchiroma Claims Victory Over Paul Biya With Official Results Still PendingAlleged Forged NYSC Certificate: Group Urges Tinubu to Disregard Calls to Shield Tunji-Ojo Free Kanu Protest: Igbo Women, Youth Leaders Back SoworeFaith, Facts and Freedom: A Nation Where Compassion Built Mosque And Faith Sheltered FaithSTL Trustees Wins Company of the Year AwardCBN’s Stability Agenda Reassures Investors, BusinessesNDDC Staff Urged to Imbibe Ethics, Accountability for EffectivenessOyebanji Pays another N2bn Gratuity to RetireesAIG Cautions Policemen against Unprofessional ConductsReligious Leaders Reject US’ Claim of Genocide Against Nigerian ChristiansRewane: Nigeria’s Economic Recovery Tangible, Rooted in Fiscal Consolidation, Sectoral Resilience2027: N’Assembly Proposes November 2026 for Presidential, Governorship ElectionsAnalysts Caution Nigeria Risks FTSE Setback if Capital Gains Tax ProceedsAbbas: Petroleum Industry Evolution Made Possible Because of PIAPresidency Allays Fears Over Edun’s Health, Says He’s Getting BetterEU Unlocks N320.5bn Credit to Nigerian Commercial Banks to Boost Lending to AgricultureFG Tasks Regional Insurers to Combat Losses from Climatic Risks Via CollaborationCelebrating Dr. Bello Haliru Mohammed at 80Culture of Care, Compassion and Impact at Core of Glo Foundation’s Giving Back Together InitiativePresidency Allays Fears Over Edun’s Health, Says He’s Getting BetterNIGERIA’S OIL LAW OVERHAULKADUNA’S BATTLE AGAINST BLINDNESSASUU-GOVERNMENT FACE-OFFLawyer Sues FG, Interior Minister, Immigration Service Over Passport Fee HikeExamining the Police Tinted Glass PolicyOil Prices Struggle after Crashing to Lowest Since MayManufacturers Urged to Embrace SONEXCAP as Export Competitiveness, Growth ToolCAN Mourns Uma UkpaiBREAKING: Supreme Court To Deliver Judgment Tuesday In Osun’s Battle With Tinubu Govt Over LG FundsNLC Threatens to Join ASUU Strike FCSC, OHCSF Move to Strengthen Civil ServiceMaryam Sanda’s Pardon: Worst Possible Injustice Any Family Could Be Made to Go Through, Says Late Husband’s FamilyTinubu Mourns Evangelist Umar UkpaiOgun 2027: Yayi Consolidating the Gains of His Acceptability“No Functional Blood Bank, No Doctor” – Family Accuses Niger Govt Hospital Of Negligence As Woman DiesASUU Warning Strike Paralyses FUT, IBB Varsities In Niger No Religious Discrimination in Federal Staff School Ilorin, Says ManagementCJN Hails Admission of Nigerian Judges into International Association of JudgesFG Ready To Empower Communities To Manage Their Safety In Flood, Other DisastersNULGE Calls for Implementation of LG AutonomyAbbas: Petroleum Industry Evolution Made Possible By PIARefugees Commission Flags Off Cohort 12 Youths Training on Soilless FarmsFCCPC Backs CBN’s 48-hour Banks’ Refund Guideline to CustomersWHO Warns of Growing Antibiotic Resistance CrisisGov Lawal Says Zamfara Committed to Collaboration With NEMA on Disaster ResponseBREAKING: Police Officers Escorting $6.1Million Cash At Lagos Airport Identified, Detained By EFCCIsrael Begins Release of Palestinians After Last Living Hostages FreedFIRS to Host Second Edition of Emerging Taxpayers’ Tax Clinic in AbujaAbdulRazaq Gifts N80m To Deceased Forest Guards’ Families Killed by KidnappersArmy Frees One Of Two Men Detained Without Trial For 31 Days In Imo After SaharaReporters’ ExposéHow Tinubu’s Clemency Freed Convicted Kidnapper Linked To Abduction Of Ozekhome, Former Deputy Gov. NwikeAnambra Guber: INEC, Police, Others Assure Parties of Credible PollINEC: Coalition Reiterates Call for Transparent Appointment Process of AmupitanPolice Confirm Alleged Killing of Constable by Soldier in BauchiAPC Leaders, Members Pass Vote of Confidence in OkpebholoNLNG Train 7 Project: Daewoo Resolves Conflicting Tax Matters with WorkersFUOYE Bags Higher Rating, Warns Ex-employee against Fueling CrisisSoludo Seeks Broad Education ReformBandits Kill Youth Leader, Injure Mother, Kidnap Two During Night Attack On Kwara VillageDSS Warns Public Against Fraudulent Activities of Dismissed OfficerTwo Patriots, One Purpose: The Obasanjo DNA in Bala MohammedFG Threatens ‘No Work, No Pay’ as ASUU Begins Two-week Warning Strike TodayARISE News Channel: We’ll Be Consoled over Maduagwu With Improved Security, Healthcare SystemWale Edun Indisposed as Cardoso Leads Delegation to World Bank-IMF Meet in DCNigeria Targets $25bn Climate Finance By 2030
Wed. Oct 15th, 2025

Royal Exchange Achieves Positive Earnings, Announces N1.04bn Profit

Ebere Nwoji

The Chairman Royal  Exchange Group  Plc, Mr. Kenny Ezenwani Odogwu, has said that  the Royal Exchange group in its business outing for the year ended 2024  delivered positive earnings performance achieving a profit  After Tax of  N1.04 billion

He attributed the positive performance to  increased revenue and share of profit in associate companies which has contributed to the Groups overall top line.

According to him, Net Income of the group rose by 133 percent from N767m to N1.7bn for FY 2024 and 2023, respectively. 

He said  total expenses reduced by 24 percent from N969 million to N728 million in FY 2024 while profit After Tax position stood at N1.04bn in FY 2024.

Speaking further on the group’s  performance, Odogwu  said Royal Exchange boasted  a robust liquidity position and healthy cash flow, providing flexibility for future investment opportunities. 

“We remain dedicated to capitalising on market opportunities and ultimately generating value for shareholders. This turn around was achieved despite significant global and local economic headwinds, including macroeconomic turbulence, financial market volatility, and domestic challenges-like fuel subsidy removal and foreign exchange fluctuations.

Overall, he said Royal Exchange Plc’s FY 2024 performance demonstrated a successful turnaround strategy and strong fundamentals that positioned the company for continued growth.

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