Zenith Bank of Nigeria said it has made a provision on 30 percent of its loan to 9mobile, formerly known as Etisalat Nigeria. The bank’s chief executive Peter Anangbo made the disclosure in a conference call, reuters report. “We have taken about 30 percent … as a provision which we […]
Ekocorp plc is reporting 6% fall in profit to NGN146.9 million for the full year 2015 compared to NGN156.7 million recorded in the financial year 2014. The hospital ended the year with NGN1.3 billion turn over against NGN1.3 billion recorded in the previous year while gross profit NGN455.9 million in […]
An investment bank is not like the retail and commercial banks we are used to, they are most times a private company that offers a variety of financial services conventional banks do not render. They undertake more complex financial transaction than a normal commercial bank. Just like a commercial bank […]
Ekocorp plc in its financial report for the year 2014 is reporting 3% rise in profit to NGN156.7 million compared to NGN152.7 million reported in the financial year 2013. The hospital ended the year with NGN1.3 billion turn over in contrast to NGN1.2 billion posted in the previous year while […]
The Board of Directors of Zenith Bank Plc is pleased to announce payment of interim Dividend with details as follows: INTERIM DIVIDEND: An Interim Dividend of 25 kobo per 50 kobo ordinary share, subject to appropriate withholding tax will be paid to shareholders whose names appear in the Register of […]
Zenith Bank plc is reporting 107% rise in profit to NGN37.8 billion for the second quarter 2017 compared to NGN18.2 billion recorded in the same period in the financial year 2016. The bank recorded increased interest income of NGN144.1 billion in contrast to NGN97.2 billion posted in the previous year […]
American International Insurance Company, AIICO PLC said it is currently in a nonbinding acquisition talk with a foreign investor. AIICO has not given further details on the name and scope of the investment talks with the foreign investor. The company said in a brief statement that: “In furtherance of an […]
Standard Chartered Bank appoint Professor Akua Kuenyehia and Mr. Henry Baye as Independent Non-Executive Director and Executive Director respectively, to the Board of the Bank. Their appointments are effective July 27, 2017 Her Excellency Judge Professor (Mrs) Akua Kuenyehia retired in March 2015 from the International Criminal Court at The […]
The Board of Directors of Guiness Nigeria plc has approved the appointment of Mr. Leo Breen as a Non-Executive Director of the company with effect from 25 April 2017. Mr. Leo Andrew Breen has served as Non-Executive Director of Guinness Ghana Breweries Ltd. since September 22, 2015. Leo Breen has […]
For the period ended April 2017, Nigeria Enamelware plc is reporting 196% fall in profit to NGN45.0 million compared to NGN133.4 million recorded same period in the financial year 2016. The company ended the period with NGN2.5 billion turn over in contrast to NGN2.7 billion recorded in the previous year […]