Jason Morris has 9+ years of experience as a financial professional. He is currently a controller for Nucorp, the largest steel producer in the U.S. Suzanne is a content marketer, writer, and ...

What Is an Income Statement? An income statement, sometimes called a profit and loss statement or P&L, shows how much money a company made and spent during a specific period, usually a quarter or a ...

Champion Breweries Plc has released its audited financial statements for the half year ended June 30, 2025, reporting a pre-tax profit of N4.04 billion. This marks an upgrade from the earlier ...

Nigeria’s top-tier lenders, First HoldCo, UBA, GTCO, Access Corporation, and Zenith Bank (FUGAZ) collectively earned N4.8 trillion in interest income from investment securities within the first nine ...

The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a given year. The company's final tax bill may be slightly more or less than the ...

Great Nigeria Insurance(GNI) Plc’s net investment income stood at N4.6 billion in the 2023 financial year, up from N1.3 billion in the 2022 financial year, a whopping 254 per cent increase. Addressing ...

While net profit is a key profitability indicator, it doesn't reflect liquidity. Many profitable companies face negative cash flow, while some loss-making firms have positive cash flow due to accrual ...

Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...

The SFT information is required to be uploaded in a data file. Reporting entities are required to prepare the data file in a prescribed format from their internal system. An excel-based report ...

Find a company's periodic interest rate by dividing interest expense by total debt and multiplying by 100. To annualize a quarterly rate, multiply the periodic interest rate by four. Use income ...

Net income is the total amount of income left after expenses and deductions are taken out. You can find a company's net income on its income statement to assess the health of a business. Net income is ...