Company News

Nairametrics| Africa Finance Corporation (AFC), released its 2016 fiscal year results showing a net profit of $109.4 million up 51%...

Wapic Insurance Full Year Profit Surges 445 % Despite Rising Claims Expense

Wapic Insurance Declares N586 million PAT (2016 FY)

by Nairametrics

Wapic Insurance today released audited results for the financial year ended 31 December 2016. Gross premium written N’million FY...

Bad Loans Bought By Amcon Is Now N6.6 trillion

In Amcon Distressed Companies Have A Companion

by Onome Ohwovoriole

Nairametrics|The Asset Management Company of Nigeria (AMCON) has revealed that Arik Air and AeroContractors both failed because of bad corporate...

Why Bob Geldof Invested $80MN In Beloxxi

by Onome Ohwovoriole

Nairametrics|Bob Geldof and his private equity firm, 8 Miles LLP, may be unfamiliar names to the average Nigerian, even less...

ALERT: CAP Plc Reports 8% Drop in Profit (2016 FY)

by Nairametrics

CAP Plc today released audited results for the financial year ended 31 December 2016. Revenue N’million FY 2016| N6,814...

Julius Berger Reports N3.8 billion Loss (2016 FY)

Julius Berger today released audited results for the financial year ended 31 December 2016. Revenue N’million FY 2016| N138,994...

Alert: Glaxosmithkline Reports N2.4 billion Profit (2016 FY)

GSK today released audited results for the financial year ended 31 December 2016. Revenue N’million FY 2016| N14,385 FY...

Alert: FCMB Reports a Whopping 201% Increase in Profit (2016 FY)

FCMB Groups today released audited results for the financial year ended 31 December 2016. Net interest income N’million FY...

Alert: Livestock Feeds Report 19% Drop In Profit (2016 FY)

Livestock Feeds today released audited results for the financial year ended 31 December 2016. Revenue N’million FY 2016| N11,067...

Business News

Insurance Firms Need To Move With The Times

by Onome Ohwovoriole