Nigeria’s tier-1 banks pay N29.8 billion worth of taxes in Q1 2020
These tier-1 banks may be entitled to tax exemptions in Q2 2020.
Tag: Q1 2020 Financial Statements
International Breweries: Cost inefficiences weigh on operating performance as financial leverage improves
The company's cost of sales grew 13.2% y/y to N24.5 billion in Q1 2020, driven by double-digit growth in raw ...
Zenith Bank’s Profit Before Tax Rises by 3% to N58.7 billion in Q1 2020
The increased profits benefited from the twin effects of continuing top-line growth and focused cost-of-funds optimisation.
Seplat Petroleum records loss of $105.8 million in Q1 2020
Seplat's gross profit dropped from $81.4 million in Q1 2019 to $33.1 million in Q1 2020. This marks a plunge ...
Union Bank releases Q1 2020 result, records 14% profit increase
The report showed relative improvements across key financial indicators. As always, the summary is presented below.
Earnings commentary on FBN Holding Plc’s unaudited Q1 2020 financial statement
We place a BUY recommendation on FBN Holdings (FBNH NL) Plc, with a 12-month target price of NGN10.30. This translates ...
Law Union & Rock Insurance Plc announces notice of board meeting, closed period
Law Union & Rock Insurance Plc notified the Nigerian Stock Exchange, other stakeholders, and the investing public that its directors ...
Access Bank Plc reports profit of N40.9 billion for Q1 2020
Access Bank Plc recorded a profit after tax of N40.9 billion in the first quarter period ended March 31st, 2020, ...
Nigerian Breweries’ Q1 earnings report shows profit decreased by 31.4% to N5.5 billion
Nigerian Breweries Plc has released its latest earnings report for the first quarter period ended March 31st, 2020.
