Capital Market Performance crucial to economic development – FBNQuest Securities
The Nigerian equities market remained on the downbeat in 2016 due to the recession which impacted economic growth adversely.
C&I Leasing: Half-Year profit up by 27%
Leasing firm, @CILEASINGPLC, has recorded a remarkable growth in fortune as its Profit After Tax (PAT) improved by 27% at Half-Year 2019, compared to the corresponding period in 2018.
Presco’s half-year revenue dips by 9.5%
Presco Plc, a palm-oil processing and agro-industrial firm, has disclosed that the company's revenue for 2019 Half-Year dipped by 9.5%, moving from N11.6 billion at Half-Year 2018 to N10.5 billion at the end of June this year.
International Breweries half-year deficit up by 140%
The Half-Year 2019 financial statement of International Breweries Plc has revealed a surge in the company's Loss After Tax which hiked by 140.36% to N6.841 billion at the end of June this year, up from the N2.846 billion declared in the same period the year before.
LASACO Assurance records half-year profit gain of 25%
LASACO Assurance Plc has disclosed that its Profit After Tax grew significantly from the corresponding period which recorded N382.4 million in 2018. The company reported a 25% growth to hit N479.4 million in 2019 Half-Year financial report.
Oando’s growth unhindered by SEC tussle, as its revenue for HY increased by 6%
@Oando_PLC has announced its unaudited financial results for the Half-Year period ended June 30, 2019. The indigenous energy group reported an 8% increase in production while its turnover for the six months increased by 6%.
Zenith Bank Unveils Easy Online Dubai Visa Application
Zenith Bank Plc has introduced a new feature on its internet banking platform that allows customers to apply for Dubai Visa and make the associated Visa fee payment effortlessly.
Former CBN’s Tunde Lemo resigns from GlaxoSmithKline
Pharmaceutical company, @GSK, has announced the resignation of board member, Tunde Lemo. Before Lemo's resignation, he was involved in the company's policymaking and planning exercises. He's a former deputy governor of operations and director of the @cennigeria.
Nestle Nigeria’s revenue climbs 5% as profit hits N26.2 billion
@NestleCWAR has released its Unaudited Financial Statements for the period ended 30 June 2019. The company experienced a 5% increase in its revenue when compared to its result for the corresponding year.
Fidelity Bank temporarily bans its Directors and families from trading its shares
@fidelitybankplc has announced that its Executives, Directors, other employees, Family members and other persons related to the employees and the lender have been barred from trading in the company's shares.
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Nigeria, others to secure GPE’s $250 million Coronavirus support fund
Nigeria and other 38 African countries are set to secure the $250 million funding provided by the Global Partnership for Education (GPE).
Chinese engineering firm donates medical supplies to Nigeria amid Covid-19
CCECC has donated over one million masks and other medical supplies, as part of its CSR to help Nigeria combat the COVID-19 pandemic.
NloTEK develops COVID-19 solution for senior citizens, wins $6,000 from Cairo Angels
As the confirmed cases of the Coronavirus hit over a million globally, tech startup, NloTEK, has been selected to develop solutions that could aid in the fight against the pandemic.
INSURANCE: NAICOM mulls extension of recapitalisation exercise
There are indications that NAICOM will extend the deadline for the recapitalisation of insurance and reinsurance companies for the second time.
British Pound plunges as PM gets admitted to Intensive care
The market responded negatively after British Prime Minister, Boris Johnson was admitted into the Intensive Care Unit yesterday due to complications from Coronavirus.