VFD Group and Tether Report Latest Profits
VFD Group announced a profit of N5.19 billion, while cryptocurrency firm Tether reported a $1.04 billion profit for its first quarter. Tether also noted its treasury holdings now exceed $140 billion.
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Tether Reports $1.04B Profit In Q1 As Treasury Holdings Top $140BN
Tether Reports $1.04B Profit In Q1 As Treasury Holdings Top $140BN Authored by Nate Kostar via CoinTelegraph.com, Stablecoin issuer Tether (USDT) reported $1.04 billion in net profit for the first quarter of 2026, as its excess reserves rose to a record $8.23 billion, according to its latest attestation on Friday. The company said its reserves remain heavily concentrated in US Treasuries, with around $141 billion in direct and indirect exposure, while total assets of about $1...
By Tyler Durden
Read full article →VFD Group profit hits N5.19bn
VFD Group Plc announces a 26% rise in profit before tax to N5.19bn for Q1 2026, driven by a 37% increase in gross earnings and strategic investments. Read More: https://punchng.com/vfd-group-profit-hits-n5-19bn/
By Punch Newspapers
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