The Board of Directors of Nigerian Breweries Plc has declared a profit after tax of N11.44 billion for the first quarter of 2017. The unaudited and provisional results sent to the Nigerian Stock Exchange shows that the amount represents a 9 percent increase over the N10.45 billion recorded in the same period in 2016. According…
By Taofik Salako United Bank for Africa (UBA) Plc is on the top list of companies with well-rounded performance. UBA’s top-of-the-chart performance at the stock market combines with considerable growth in all key fundamental indicators to make the bank the best performing banking stock in recent period. Capital Market Editor Taofik Salako, in this report,…
**Assures Shareholders of Robust Future Earnings Ecobank Transnational Incorporate (ETI) has taken a decision to completely clean its books of non-performing risk assets in its legacy loan portfolio and has made a provision of N221.7 billion in its 2016 audited accounts. The impairment charges showed a jump of 110.7 percent compared with N105.2 billion recorded…
Skye Bank has distanced itself from a media statement that purportedly emanated from it on Tuesday, April 11, 2017 drawing a battle line between it and its long time marketing communication ally, Centrespread, over a loan transaction. Investigations by gobignewsblogspot.com revealed that the press statement, sent to many media houses, did not come from the…
Transnational Corporation of Nigeria (Transcorp) was on the list of Africa’s top 500 companies recently released by The Africa Report (February 2017 issue), a leading news magazine publication owned by Paris-based media group, Jeune Afrique. The list is compiled annually with each company listed assessed based on total turnover as well as net profits. Despite…
The United Bank for Africa Plc (UBA) once again demonstrated its commitment to excellence in customer service, by celebrating staff who have strived to implement the Bank’s core values of Enterprise, Excellence and Execution. At the event held at the Eko Hotel Expo Centre, Lagos, Nigeria, UBA gathered customers, captains of industry, dignitaries from politics…
Heritage Bank Plc, Nigeria’s most innovative banking service provider, has partnered Workforce group in a bid to enhance impactful leadership that will contribute to the financial performance of an organisation. Speaking at a Learning & Development Leaders Conference organised by Workforce group in Lagos, yesterday, Mrs Tochi Onuoha, Head, Learning and Development with Heritage Bank…
The shareholders of the pan-African financial institution, the United Bank for Africa (UBA) Plc applauded the Board, Management and Staff at the 55th Annual General Meeting of the Bank, held in Lagos on Friday April, 7, 2017. UBA shareholders approved the payment of N19.9 billion as final dividend for the financial year ended 31st December…
Chairman of the United Bank for Africa Plc, Mr Tony Elumelu, has strongly commended the Federal Government and the Central Bank of Nigeria (CBN) for their efforts in stimulating the Nigerian economy, and bringing to bear a coordinated policy response that will positively jumpstart the Nigerian economy. According to Mr Elumelu, recent actions by the…
As a sigh of absolute confidence in the Management of the technology-driven new bank; SunTrust Bank, its customers increased deposits in the bank by a whopping 432 per cent, making it possible for the bank to declare an impressive profit before tax of N343 million, an increase of 160.3 per cent over the N131.9million reported…