archiveApril 21, 2016

With the current economic downturn negatively affecting all sectors of the nation's economy, some experts are set to proffers solutions on how insurance companies across the country and African continent can survive the trying times. If the current trend remains, insurance industry may suffer significant drop in premium income this...

Zenith Bank Plc in its 2015 audited accounts maintained an impressive growth in profitability and dividend, reaffirming the bank’s position as one of the most profitable and well managed financial institutions in the country. The bank made history as it crossed N4 trillion mark in total assets while its profit...

Guaranty Trust Bank plc has released its unaudited financial results for the first quarter ended March 31, 2016 to the Nigerian and London Stock Exchanges. A review of the first quarter 2016 result shows that the Bank recorded a 4.6 percent decline in gross earnings to N75.39 billion (Q1, 2015:...

The Accountant-General of the Federation (AGF), Mr. Ahmed Idris has said that so far N2.7 trillion has been collected into the Treasury Single Account (TSA) platform. The AGF who spoke during an interaction with a team of journalists in Abuja stressed that the money  belongs to Federal Government Ministries, Department...

Uncertainties in the nation’s economy have continued to weaken listed banks’ profit; with three of the 22 banks in the country losing N10 billion in their unaudited first quarter s and accounts for the period ended March 30, 2016. Slow gross earnings, naira volatility and other economic challenges have made...