GTBank Records N50 Billion Profit after Tax

Posted by - April 18, 2019

Guaranty Trust Bank (GTB) Plc posted a profit before tax (PBT) of N56.984 billion for the first quarter (Q1) March 31, 2019, showing an increase of 8.3 per cent, compared with the N52.624 billion recorded in the corresponding period of 2018. Profit after tax (PAT) rose 10.37 per cent N44.67 billion in 2018 to N49.302

World Bank Promises Tanzania U.S.$1.7 Billion Aid

Posted by - April 16, 2019

The World Bank has promised to give Tanzania a $1.7 billion credit facility in the financial year 2019/20 for financing various economic and development projects. A statement recently reported by the ministry of Finance says the World Bank vice president for Africa, Hafez Ghanem, during a meeting with the minister for Finance Dr Philip Mpango

Chinese firm launches Sh 4.5 Billion Plastic Recycling Plant in Kenya

Posted by - April 10, 2019

A Chinese firm, Weeco recycling company , has launched a Kshs4.5 billion recycling company in Athi River and Mombasa that collect and recycle plastic bottles which are later converted into fiber and garment. Company Director Wang Zhangyin said that the firm would collect approximately 2000 tonnes of bottles every month as it aims to provide

Fidson records N16.23 billion turnover

Posted by - April 8, 2019

The leading pharmaceutical manufacturing company in Nigeria, Fidson Healthcare Plc in its 2018 audited financial report to the Nigerian Stock Exchange (NSE) posted 15 per cent growth in turnover from N14.06 billion in 2017, to N16.23 billion in 2018. The increase in revenue was as a result of volume growth from expanded production at its

Fidelity Bank grows profits by 30.6% to N25.1 billion

Posted by - April 1, 2019

Fidelity Bank has announced an impressive financial result for the year-ended December 31, 2018.The performance, which capped a remarkable year, showed strong growth in gross earnings, profits and other key financial indicators. The top Nigerian lender, which reportedly leads tier two banks, posted a 4.8 per cent growth in gross earnings from N180.2 billion to