Big Business

LSEG and NSE renew two years partnership agreement
Big Business

LSEG and NSE renew two years partnership agreement

The Nigerian Stock Exchange and the London Stock Exchange Group have their renewed strategic capital markets partnership agreement. The agreement was signed in Lagos, Nigeria’s commercial capital. According to the NSE, the renewal extends the original 2 year partnership agreement between the NSE and LSEG, allowing the two Exchanges to […]

Fidson healthcare Q1 profit soars by 475%
Big Business

Fidson healthcare Q1 profit soars by 475%

Fidson healthcare plc ended the first quarter of 2017 financial year with NGN3.4 billion revenue compared to NGN1.2 billion recorded in same period 2016. The company’s costs of sales for the period was NGN1.6 billion against NGN570.4 million recorded in the previous year. The company recorded NGN1.7 billion gross profit […]

Champions breweries Q1 profit falls by 30%
Big Business

Champions breweries Q1 profit falls by 30%

Champions breweries plc in its financial report records NGN1.1 billion revenue for fisrt quarter 2017 compared to NGN871.9 million recorded in the previous year. The brewer’s costs of sales for the period was NGN886.3 million against NGN606.2 million recorded in 2016. The company recorded NGN220.1 million gross profit against NGN265.6 […]

Union bank profit fell by 4% in Q1 2017
Big Business

Union bank profit fell by 4% in Q1 2017

Union Bank plc in it’s financial report recorded NGN33.8 billion gross earnings for first quarter 2017 compared to NGN27.3 billion recorded same period 2016. The bank’s net interest income for the period was NGN14.6 billion against NGN14.9 billion recorded in the year before. The bank said it operating expense grew […]