Big Business

Nascon Allied PLC Net Profit Up By 17%
Big Business

Nascon Allied PLC Net Profit Up By 17%

Nascon Allied PLC has released its Q2 2016 result showing its revenue grew to NGN8,5 billion compared to NGN6,6 billion same quarter last year. This an impressive result considering the economic situation. Nascon Allied gross profit increased to NGN3,0 billion compared to  NGN2,0 billion declared last year. Net profit for the […]

This Is Why Kenya Airways Is Dying
Big Business

This Is Why Kenya Airways Is Dying

Kenya Airways has been the most talked about and admired African airline after the South African Airways. For many reasons, particularly in Nigeria, a country where a national carrier became a national embarrassment, before it finally died. However, Kenya Airways, the supposed ‘Pride of Africa’ has been bedevilled with series […]

Omoluabi Mortgage Now In Positive Earnings
Big Business

Omoluabi Mortgage Now In Positive Earnings

Omoluabi Mortgage PLC has released its second quarter earnings result showing the company is now in positive territory according to its balance sheet. Net interest income rose to NGN140 million compared to NGN94,7 million recorded for the same segment last year. Omoluabi Mortgage’s interest expenses however, increased to NGN3,8 million […]

GTBank Clarifies Delay Of Q2 2016 Earnings
Big Business

GTBank Clarifies Delay Of Q2 2016 Earnings

In order to clear the air on the lateness in submitting its Q2 2016 result, GTBank has just released an official statement citing its reasons. “The amended Rulebook of Nigerian Stock Exchange (“NSE”) requires quoted companies to submit their interim reports to the NSE not later than thirty (30) days […]

Thisdayonline.com’s Paywall Is Ill-Advised
Big Business

Thisdayonline.com’s Paywall Is Ill-Advised

Thisdayonline.com a news website belong to ThisDay Newspaper has installed a paywall on its site. The company must be taking the move to shore up its revenue considering the challenging business climate in the country. Publishing outfits are also badly hit coupled with the lack of a strong reading culture. […]

Flour Mills Q2 Revenue Rises By 11%
Big Business

Flour Mills Q2 Revenue Rises By 11%

Flour Mills PLC has released its Q2 2016 revenue report with 11% year on year growth. In a statement signed by the company’s CEO, Paul Gbedebo, he said “in spite of the strong economic headwinds and tough business environment, devaluation of the Naira and unrest in the North East, Flour […]

Wema Bank Grows Q2 Revenue By 15.2%
Big Business

Wema Bank Grows Q2 Revenue By 15.2%

Wema Bank PLC, a tier 2 bank in Nigeria has just released its Q2 2016 result where its gross interest income rose by 15.2%. At the end of the quarter, the bank’s net income grew to NGN20,1 billion compared NGN17,4 billion recorded within the same quarter last year. However, income expenses […]