FBN Holding reduces NPLs to 14.2 per cent, posts N294.2b gross earnings
FBN Holding Plc has announced that the non-performing loans (NPLs) ratio for the Commercial Banking Group as of June 2019, stood at 14.2 per cent down from 25.5 per cent recorded in FY 2018.
Harsh environment, infrastructure deficit shrink brewery earnings
The brewery subsector has also come under the onslaught of unfavourable macroeconomic factors induced by the impact of stiff competition, lower consumer spending and pressured production volumes, and infrastructure deficit, which moderated earnings of the brewing companies, with attendant depression of profit margin. Additionally, worsening security situation in Nigeria’s middle-belt region has put significant…