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CATEGORY

Companies

CBN Hits First Bank With Query Over Fresh CEO Appointment

The Central Bank of Nigeria has queried the Board of the First Bank of Nigeria Plc for removing Dr Adesola Adeduntan, the Managing Director/Chief...

United Capital Reports 67% Growth in After-Tax Profits

United Capital Plc, Nigeria’s leading investment bank and a foremost Pan-African financial and investment services group, announced its Unaudited Financial Statements for the period ended March...

First Bank Announces New MD/CEO

The Board of First Bank of Nigeria Limited at its meeting today, approved the appointment of Mr Gbenga Shobo, currently Deputy Managing Director, as...

Prospering Amid the Pandemic: Leadway Assurance Posts Record Profit

The coronavirus pandemic took a devastating toll on the global economy, and Nigeria was not spared the pang of a virus that killed millions...

Nigerian Breweries Report Average Daily Sales of N1.2Bn in Q1 2021

Nigerian Breweries grew average daily sales from around N925 million in the first quarter of 2020 to as much as N1.2 billion in Q1...

Cadbury Profit Slumps to Three Year Low as Inflation Bites

Cadbury Nigeria Plc profit for the first quarter of the year dropped to three year low as rising inflation continues to erode the purchasing...

Polaris Bank Sustains Profit Growth with N28.9bn (PBT) in 2020 Financial Year

Polaris Bank Limited has released its full-year audited financial results for the year ended December 2020 posting a Profit Before Tax (PBT) of N28.9billion. The...

GTBank, Zenith Make More Profit per Employee Than Peers

Guaranty Trust Bank and Zenith Bank are the top lenders as measured by the profit-per-employee, or PPE, metric. That according to recent findings by MoneyCentral...

Unilever’s Poor Cost Management Throws Consumer Firm into Loss Position in Q1

Over the last one year, it has been relatively easy for companies to blame the ravaging health pandemic for their poor business performance. While...

Lower Interest Rates Hit GTBank as Q1 Profits Slide 9.03%

Guaranty Trust Bank (GTBank), Nigeria’s largest lender by market capitalization has released first quarter (Q1), 2021 results showing a slide in after-tax profits by...

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