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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 […]

EY opens Blockchain Lab in New York
Bitcoin

EY opens Blockchain Lab in New York

EY said it has opened its own Blockchain Lab in New York, United States of America. The company said the Blockchain Lab will run on a set of applications and services aimed at helping organizations commercialize the use of blockchain technology across the enterprise. EY Ops Chain combines blockchain-based services […]

Thailand begins criminal investigation into OneCoin
Scams

Thailand begins criminal investigation into OneCoin

In what seems like a global crackdown on OneCoin pseudo-cryptocurrency Ponzi scheme, Thailand has also join the league countries increasing their venom on the scam ring. Media reports from Thailand have confirmed that the Economic Crime Suppression Division, the Office of Consumer Protection has started a criminal investigation into the […]

Unitykapital profit surged by 408% in Q1 2017
Big Business

Unitykapital profit surged by 408% in Q1 2017

Unitykapital Assurance plc recorded NGN1.1 trillion gross premium written in first quarter 2017 against NGN837.4 billion recorded same period 2016. The company’s re-insurance cost for the period for the period was NGN631.2 billion against NGN626.1 billion recorded in the previous year, The Insurance company recorded NGN521.2 billion net premium written […]