CCNN Plc Records 157% Increase in Net Profit

Cement Company of Northern Nigeria Plc has published its 2017 Financial Year results, declaring a gross revenue of NGN19.6 billion, representing an increase of 39% over 2016 position while the net profit of NGN3.2 billion is an increase of 157%. According to the company, the board has proposed a final dividend of NGN1.25/s (49% payout).This […]

UBA Plc UK Subsidiary Gets Wholesale Banking Licence

United Bank for Africa (UBA PLC) London subsidiary has obtained regulatory permission to carry out Wholesale Banking activities in the UK. Following this authorization, UBA is now the only Sub-Saharan African bank to conduct banking activities in both New York and London, as well as in 20 other countries across Africa. Speaking on the achievement, […]

UBA Plc Proposes Final Dividend of N0.65k per share

The Directors of United Bank for Africa Plc has proposed a final dividend of N0.65k per share (31 December 2016: N0.55 per share) from the retained earnings account of the group as at 31 December, 2017. This proposed final dividend and the N0.20k per share interim dividend paid in September 2017 will be presented to […]

2Face, Wizkid rally DJ Spinall, Efya for Gidi Fest

With barely two weeks to this year’s Gidi Culture Festival, the organisers have added more names to the line-up of artistes. The diverse, heavy hitting line-up now includes DJ Spinall, Ric Hasani, Ghanaian songstress, Efya, Tay Iwar, and Odunsi while the duo of Spanky and Jess will host the show holding on March 30, Good […]

Elumelu Foundation Nominate Winners,Commends UNDP, RED CROSS, Indorama’s Support

More than 150,000 Africans from 114 countries worldwide applied to join the 4th ‎cycle of The Tony Elumelu Foundation’s (TEF) 10-year, $100 million TEF Entrepreneurship Programme.The Foundation Thursday announced the African entrepreneurs with the most innovative, high-potential business ideas. According to a release from the Foundation ,”the 2018 cohort includes an additional 250 entrepreneurs to […]

Prof. Moghalu Says Buhari Has Led Us Back to Debt Trap

Former Deputy Governor, Central Bank of Nigeria and presidential hopeful , Professor Kingsley Chiedu Moghalu, has said that the federal government led by President Muhammadu Buhari have led the country back to debt trap and has called on the government to stop further borrowings in the interest of future generation of Nigerians. Moghalu stated this […]

Access Bank Plc Profit declines to NGN80.07Bn,To Pay 65k Dividend

Access Bank Nigeria Plc has released its Financial Year 2017 results displaying a growth in Gross earnings in the year by 20.39% to NGN459.08 billion while the Profit Before Tax (-11.36%) and Profit After Tax (-13.23%) declined to NGN80.07 billion and NGN61.99 billion respectively . According to the release the board is recommending a dividend […]

Fidelity Bank Plc Customers win N13 million in Promo

Twelve customers of Fidelity Bank Plc have won N13 million in the fifth edition of the get alert in millions promo reloaded held in various regions of the Nigeria. lucky winners in the fifth draw got N1 million and are as follows Olajimoke Shittu and Henry Ekene Udeh (Abuja), Oladele Segun and Ago Victor (South-West), […]

Transcorp Hotels Plc Shareholders Approve final dividend of 12.45 kobo

The shareholders of Transcorp Hotels Plc have commended the management and staff of the company for achieving an impressive financial and operational performance in the financial year ended December 31, 2017 and unanimously approved the Board’s recommended of a final dividend of 12.45 kobo per share The shareholders expressed their approval for the dividend pay […]

NSE CELEBRATES GLOBAL MONEY WEEK TO PROMOTE FINANCIAL LITERACY

The Nigerian Stock Exchange (NSE) has announced thatit commemorated the 2018 Global Money Week themed, Money Matters Matter, between Monday, March12, 2018 and Friday, March 16, 2018, with a series of educational programs aimed at teaching children andyouths about the importance of financial literacy. The week-long event, organized in collaboration with Access Bank Plc and […]

GT Bank Grosses N419.2BN,To Pay N2.70 as Dividend

Guaranty Trust Bank Plc has reported growths in key performance indicators in its audited financial results for the year ended December 31, 2017. The results showed that GTBank posted gross earnings of N419.2 billion, up marginally from N414.6 billion in 2016. Net interest income rose from N195.4 billion to N246.66 billion, while impairment charges reduced […]