In Nigeria, while many states are suffering significant inflationary rates, other states have relatively benign inflation rates.
Tade Fadare PhD, is an economist, and a professionally qualified accountant, banker and stockbroker. He has significant experience working or consulting for financial institutions in Europe, North America, and Africa.
It was not all hunky-dory for the company as its cost of sales jumped from N48.3 billion in Q1 2020...
The group, through its Nigerian subsidiary, continued to take a hit resulting from its 2011 acquisition of Oceanic Bank.
The bank’s foreign exchange trading income includes gains and losses from spot and forward contracts and other currency derivatives.
The bank would have expected to generate better returns on investment on the N56.9 billion invested in subsidiaries.
Raysun's further increased ownership of Champion Breweries is suggestive of a leverage to launch a takeover bid.
Despite efforts to increase its footprints across Africa, the performance of UBA Nigeria continues to dominate group performance.
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