Great Nigeria Insurance, a general insurance provider in Nigeria has just reported NGN814.5 million as its profit after tax compared to NGN640.1 million. Gross premium written within the period rose to NGN2.85 billion versus NGN1.45 billion the previous year.
Wema Bank Plc, a tier 2 bank in Nigeria said its profit before tax rose slightly to NGN1.80 compared to NGN1.49 billion disclosed last year. Net interest income for the regional lender rose to NGN12.23 billion compared to NGN12.79 billion in the previous year.
As an update on the proposed sale of 9mobile to potential investors, Nigerian lenders who are being owed about USD1.2 billion by the mobile carrier might have appointed Barclays to look for buyers. According to Reuters News, Nigerian lenders who advanced the loan to 9mobile, formerly Etisalat has appointed British […]
Ikeja Hotels plc in its financial report for the half year recorded NGN201.5 million profit compared to NGN471.4 million recorded same period in the financial year 2016, which represents 57% fall in profit year on year comparison. The group ended the period with NGN5.4 billion revenue in contrast to NGN4.9 […]
The shareholders of International Breweries Plc, Intafact Beverages Limited and Pabod Breweries Limited have approved resolutions authorizing the merger of the three companies. The company said in a statement that shareholder’s approvals were granted during separate court-ordered meetings of each of the Merging Entities which held on Wednesday, 18 and […]
The Board of Directors of Dangote Cement PLC. (DCP) has appointed Eng. Joseph Makoju as the company’s Acting Managing Director/ Chief Executive Officer. In the circumstance, Mr. Onne Van der Weijde, the Chief Executive Officer (CEO) of the company will step down as the company’s CEO at the end of 2017 […]
Dangote Cement Plc said its chief executive, Onne Van der Weijde will be stepping down for Joseph Makoju at the end of 2017. The company said Onne Van der Weijde will leave in December for Makoju who will become the interim chief executive pending the appointment of a substantive CEO. […]
Ikeja hotels plc in its financial report for the first quarter of the year is reporting 47% fall in profit to NGN180.4 million compared to NGN344.6 million reported in the same quarter in the financial year 2016. The Group ended the quarter with NGN2.7 billion revenue in contrast to NGN2.4 […]
Nigeria’s largest lender by asset base, Zenith Bank Plc is reporting 35% rise in profit to NGN129.2 billion compared to NGN95.3 billion reported in the same period in the financial year 2016. The bank’s gross earnings increased to NGN531.2 billion from NGN380.3 billion recorded in the year 2016. Interest and […]
Dangote cement plc is reporting 44% rise in profit to NGN193.1 billion in nine months in the year 2017 compared to NGN133. 5 billion recorded in the same period in the year 2016. The company ended the period with revenue of 603.5 billion in contrast to NGN442. 0 million posted […]