The Board of Directors of Nigerian Breweries Plc has declared a revenue of N157.37 billion for the first half of 2016. The unaudited and provisional results released to The Nigerian Stock Exchange show that the amount represents a 4 per cent increase over the N151.67 billion declared in the corresponding period in 2015. The results…
One of the fastest growing shopping stores in Nigeria, Justrite Superstore, has commenced the sale of pharmaceutical products to its customers. According to information gathered by Aproko247, customers of the popular shopping store, for now, will have the opportunity to get any pharmaceutical drugs or products at the two of its stores in Lagos. It…
-as UBA stock now best performing on the exchange Fitch International, one of the foremost global rating agencies has affirmed United Bank for Africa (UBA) Plc’s viability rating at “B”, as the pan-African banking group continue to sustain its benchmark asset quality and strong profitability amidst industry and macroeconomic challenges. UBA is one of the…
Guaranty Trust Bank remains one of the top two rated Banks in Nigeria as shown by the recently released Rating Report by Fitch, a global rating agency. Fitch revised the Outlook on the Bank’s Long term Issuer Default Rating (IDR) from Negative to Stable citing the Bank’s continuing strong earnings, and stronger-than-expected liquidity as the…
The Pepsi Longthroat campaign has won the Grand Poster Award at the 10th Outdoor Advertising Association of Nigeria, OAAN, Poster Awards held in Lagos. The Longthroat creative beat 84 other brand entries to emerge the overall winner of the keenly contested Poster Awards. The brand also came tops in the Non-Alcoholic Drinks Category at the…
Global leading media buying agency, OMD, has once again proved to be an indomitable force as the company garnered more awards than any other agency network in its category at the recent 2016 Young Lions Media global competition held in Cannes, France. The agency clinched a total of 63 medals across many different categories in…
A report contained in the just-released 2015 Mediafacts disclosed that the Nigerian print media attracted a total of N23.7 billion revenue from advertising in 2015; representing a drop of N2.1 billion compared to N25.8 billion it recorded in 2014. Mediafacts is a key media resource for marketing professionals in West and Central Africa produced annually…
It was a day of double honours for foremost African financial institution, Guaranty Trust Bank Plc as the Bank reaffirmed its position as a leading global brand. At the 2016 Euromoney Awards held in London on Wednesday, July 6, 2016 at the prestigious Tower of London, GTBank was recognised as the ‘Best Bank in…
Global Credit Ratings, GCR, an international rating agency at the weekend, affirmed Sterling Bank Plc’s national long term and short term ratings of BBB(NG) and A3(NG) respectively, with the outlook accorded as stable. This rating which is valid until July 2017 comes after another global ratings agency, Moody’s Investors Service, affirmed the Bank’s local and…
Despite the harsh operating environment and strict regulatory framework which calls for caution in the financial industry, Diamond Bank has reaffirm its commitment to quality service delivery, sustenance of strong fundamentals and stable profitability for its shareholders. In a press release made available to the media, the Bank stated that keeping in view with the…