Companies

Companies

MFBs disburse N482.9bn loan

Hope Moses-Ashike Apr 27, 2019

The Central Bank of Nigeria (CBN) on Friday disclosed that an aggregate loans granted by Microfinance Banks (MFBs) was N482.896...

Companies

Sterling Bank Q1 profit rises 4.5% on higher interest income

Segun Adams Apr 26, 2019

Sterling Bank Plc, a Nigerian lender, said net profit for the first quarter to March rose 4.5 percent as net...

Companies

Ecobank PAT surges 36% for year ended December 2018

Okafor Endurance Apr 25, 2019

Ecobank Nigeria reported a profit increase of 36 percent for the year ended December 2018 compared to the year before....

Companies

Guinness falls to 7-year low on concerns over full-year performance

David Ibidapo Apr 25, 2019

Guinness Nigeria, the second-biggest brewer in the country on market capitalisation, fell to a seven-year low Thursday as investors sold...

Companies

UPDATE: Arunma Oteh, former SEC D-G, joins Ecobank as non-executive director

Okafor Endurance Apr 25, 2019

Arunma Oteh, a former Director-General of the Securities and Exchange Commission (SEC) has been appointed an independent non-executive director of...

Companies

Global grounding of Boeing 737 Max lowers company's profit Q1

Ifeoma Okeke-Korieocha Apr 25, 2019

Boeing’s revenue and profit fell in the first quarter from the global grounding of its 737 Max jets following two...

Companies

Sterling Bank shows decent growth in Q1 earnings

Segun Adams Apr 25, 2019

Sterling Bank, one of the commercial banks in Nigeria, has reported a modest improvement in its earnings for the first...

Companies

Chemical and Allied Products earnings up 8 percent in Q1 2019

Segun Adams Apr 25, 2019

Chemical and Allied Products (CAP), a subsidiary of United Africa Company of Nigeria, started 2019 on a positive note, posting...

Companies

Eunisell bags ISO 9001:2015 certification

Frank Eleanya Apr 24, 2019

Eunisell, a chemical and specialty fluid management multinational has bagged the prestigious ISO 9001:2015 certification. ISO 9001:2015 is the international...

Companies

Chemical and Allied Product sees colourful 2018 on improved earnings

Segun Adams Apr 24, 2019

Chemical and Allied Products (CAP) Plc, an indigenous paint manufacturer and subsidiary of United Africa Company of Nigeria, amid a...

Companies

Agusto & Co assigns Nova Merchant Bank “BBB” rating

Bala Augie Apr 24, 2019

Nigeria’s first credit Rating Agency and a pan African leader in credit reports, Agusto & Co. limited whose strong credibility...

Companies

Berger Paint upbeat after 20% growth in net income

David Ibidapo Apr 24, 2019

Shares of Berger paint resumed trading after the Easter break on a positive note as prices reversed by 1.19 percent...

Companies

UBA grows most profit among peers on interest income surge

Segun Adams Apr 24, 2019

Pan-African financial services provider, United Bank for Africa (Plc) recorded the biggest profit growth among peers in the first quarter...

Companies

MTN converts to public limited liability company

Jumoke Akiyode-Lawanson Apr 24, 2019

MTN Nigeria has completed its conversion from a private company to a public company (Plc), a legal requirement and key...

Companies

Rakunity‘s 2018 bottom-line shrugs off plunge in proceeds from PMS, DPK

Israel Odubola Apr 23, 2019

The after-tax profit of Rakunity Petroleum Plc, the least-capitalized firm in the Nigerian oil & gas sector, was not significantly...