FBNInsurance Ltd, announced it achieved a general growth across various measurement indices in its financial statement for the 2018 business year which ended December 31, 2018. The company, said in the audited statement, its profit before tax (PBT) grew by 44% from N4.26 billion in 2017 to N6.13 billion in 2018; while the gross premium
The Central Bank of Egypt (CBE) has announced an increase in foreign reserves by $52m by the end of March 2019, reaching $44.11bn, compared to $44.06bn by the end of February 2018. This level of reserves covers more than eight months of commodity imports in Egypt. The foreign exchange reserves increased by 14.9% or $5.53bn
The Nigerian National Petroleum Corporation (NNPC) has declared a trading surplus of N12.13 billion in its financials for December 2018. In a recent report on its Monthly Financial and Operations Report for December 2018, the NNPC said its positive financial performance in the month under review was in spite of disturbing reports of breaches on
Nestlé has decided to lay out an action plan to increase the number of women in senior executive positions globally. The firm explained in a statement that, the decision underscores their commitment to providing equal opportunities for everyone at the company; which therefore has made progress in recent years increasing the number of women in
Dangote Cement, Africa’s largest cement producer, has announced its unaudited results for the six months ended 30th June 2017, posting a 12.6 percent increase in sales volume across Africa. In the financials released on the floor of the Nigerian Stock Exchange indicated that the increase in sales volume showed a growing capture of Pan-African market
Transnational Corporation of Nigeria (Transcorp) has stated that its revenue rose by 38 percent in the 2017 half-year to N34.17 billion compared with N24.78 billion in a similar period last year. The growth in revenue was driven mainly by a 63 percent rise in income from its power subsidiary as gas supplies improved nationwide. Power
