Fbninsurance Records 33% Increase Across Indices

Posted by - April 10, 2019

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

$52m increase in Egypt’s foreign exchange to hit $44.11bn

Posted by - April 3, 2019

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

NNPC Posts N12bn Surplus Despite Increase In Pipeline Vandalisation

Posted by - March 18, 2019

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 Moves to Increase Senior Executive Positions for Women

Posted by - March 8, 2019

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 Records 12.6% Sales Volume Increase Across Africa

Posted by - August 3, 2017

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

Transcorp Revenue Increase 38 Percent to N34.17 Billion

Posted by - July 29, 2017

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