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

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

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

Paga Records $4.6bn Transactions in 10 years

Posted by - April 3, 2019

One of the leading mobile money operators in Nigeria, Paga recently marked its 10th anniversary, just as it revealed it has processed over $4.6billion transactions since it commenced operation. The mobile money company is also planning to expand to other countries. The founder and CEO, Paga, Tayo Oviosu, said this at a media parley to

Barclays Bank Ghana announces 35% growth in its support to customers

Posted by - April 1, 2019

Barclays Bank Ghana, a member of Absa Group, recorded an impressive growth of support to its customers and businesses during 2018, the bank’s 2018 financial results released recently has indicated. According to Barclays, it increased its loans and advances to customers to the tune of GH¢3,125 million last year which represented a growth rate of

Insurance Records 13.9% Growth in Oil Businesses in 10 Years

Posted by - March 11, 2019

The insurance sector in the past ten years (2008-2017), recorded the highest cumulative average growth rate of 13.9 per cent in oil and gas business. But between 2015 and 2017, the sector reported the highest growth of 40.9 per cent in engineering business. In the past ten years, though oil and gas remained the main

MTN Records 57% Profit Growth, To List on NSE June

Posted by - March 8, 2019

MTN Group announced 56.8 per cent growth in profit before tax for the financial year ended December 2018 and confirmed its plans to list on the Nigerian Stock Exchange latest June this year. The listing, according to the telecoms company, will be by introduction and is subject to regulatory approval. It announced a profit before

UBA’s ‘LEO’ Records One Million Users

Posted by - February 6, 2019

The United Bank for Africa (UBA) has disclosed that its chatbot, Leo, now covers 17 African countries and has one million subscribers. The bank’s head of online banking, Augustine Abolusoro, in a presentation titled: ‘Game of Bots,’ at the ongoing Social Media Week 2019, in Lagos recently, disclosed that Leo is not just an artificial

Barclays Bank Kenya records Sh.3.8b half year profit

Posted by - August 14, 2018

Barclays Bank of Kenya has recorded a profit after tax of Sh3.8 billion for the period ended 30th June 2018, a growth of 6 per cent compared to a similar period last year. According to the Bank, during the period, total income was increased by 5 per cent to Sh15.7 billion while net interest income

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