Category: National/Politics

GTBank Reports Profit Before Tax of N57bn Q1 2019

Guaranty Trust Bank plc has released its unaudited Financial Results for the quarter ended March 31, 2019 to the Nigerian and London Stock Exchanges. The Bank recorded positive performance across all financial metrics with gross earnings for the period growing by 1.2% to ₦110.3billion from ₦109.0billion posted in March 2018. Profit before tax improved to…

P+ Measurement Upgrades PR Audit Report Services

Independent PR performance audit agency, P+ Measurement services, has revamped its Independent PR audit reporting services in Nigeria. The new reporting template will help P+ broaden and maximize its offerings by providing inference driven PR measurement and Performance audit services for stakeholders in the communications industry. The audit report upgrade aims to create an easy…

NOVA Merchant Bank Limited Rated Investment Grade by 2 Leading Rating Agencies

In furtherance of its plans to scale its operation this year, NOVA Merchant Bank Limited, in yet another milestone, has received an investment grade rating from both Agusto & Co (Bbb) and Global Credit Ratings (BBB-). The reasons given for the Bank’s rating include the strength of the Board and management team, robust capitalisation, prudent…

Promasidor’s Scheme for Parents of Physically Challenged Children Timely—Beneficiaries

Parents of children with physical disabilities in Ogun State that have benefitted from the We Too Can Grow scheme of Promasidor Nigeria Limited have declared that the intervention was timely as it came right at the point when they needed assistance. The scheme provides support through low-interest microcredit and is made very convenient for parents…

Tony Elumelu Foundation Hosts European Commission, Leading Development Finance Institutions and Think Tanks in Brussels

At a time when Europe’s relationship with Africa is high on foreign policy and developmental agendas and with the European Union beginning to deliver on its 2017 External Investment Plan, targeted at attracting investment and job creation in Africa, the Tony Elumelu Foundation brought together leading stakeholders in the development finance sector, at a case…