archiveJuly 30, 2016

There have been criticisms from business experts over the decision of the Central Bank of Nigeria (CBN) to jerk up its Monetary Policy Rate (MPR) to 14 per cent. Many of the experts have predicted that the hike will lead to increased corporate failures, unemployment and decline in the nation’s...

Ecobank Nigeria has bagged an international certification for Greenhouse Gas Auditing. The  internationally acclaimed  ‘‘Built on GHG Protocol' certificate is the most widely used accounting tool issued by the World Resources Institute (WRI) and World Business Council for Sustainable Development (WBCSD). The Greenhouse Gas Auditing and Reporting was conducted on...

  Eyes N35bn new capital in second half Sterling Bank Plc showed steadiness and improved the intrinsic fundamentals of its businesses in the first half of this year as the Nigerian economy and the banking industry struggled with fiscal and monetary challenges that saw inflation and foreign exchange at their...

First City Monument Bank Group (FCMB) Plc has announced an impressive unaudited result and accounts for Half year (H1) ended June 30, 2016 with 89 per cent increase in Profit After Tax (PAT). The group reported that its PAT moved to N15.7 billion in H1 2016 from N8.3 billion in...

It was rain of accolades for the outgoing Group Managing Director/CEO of United Bank for Africa (UBA) Plc, Mr. Phillips Oduoza in Lagos during the week as captains of industry and leading voices of Nigerian society witnessed the launch of a book in his honour. The  book titled  “Dynamics of...

Dangote Sugar Refinery has announced a profit before tax (PBT) of N11.1 billion for the six months ended 30 June, 2016.  The unaudited results for the half year indicated that all performance measurement indices trended upwards. According to the results, profit before tax rose by 13.3 per cent compared to...