Unity Bank’s agribusiness, retail lifts profit by 96%
Unity Bank Plc has stated that its increasing focus on areas of strength, especially agribusiness and retail banking, has impacted positively its bottom line, as it recorded 96 per cent rise in Profit Before Tax (PBT) for the half-year ended June 2019.
ChamsAccess diversification lifts full year profit to N166m
ChamsAccess Limited has said its diversification and expansion into software has impacted significantly on its bottom-line, as profit after tax increased from N33 million in 2017 to N166 million in 2018.
Self-kidnapping for easiest profit
The drama began on Saturday evening. Not so evening that you couldn’t recognise your neighbour at a twenty yard distance. The following Sunday was the rehearsal for the harvest for the church. The reason for the rehearsal was because the Governor was coming to chair the occasion. The deputy Governor would chair the occasion. Everything…
Keystone Bank returns to profitability with N3.7 billion
After many years in the doldrums and following its most recent acquisition by Sigma Golf-Riverbank consortium, the moves by the new management team at Keystone Bank Limited has begun yielding fruits. The bank for the quarter ended March 31, 2018, recorded a profit before tax of N3.72 billion, compared with a loss of N2.79 billion…
Linkage Assurance grows profit to N2.9b
Linkage Assurance Plc has grown its profit by 431 per cent to N2.9 billion in 2017, from N544.6 million recorded in 2016, while the profit before tax went up by 218 per cent to N3 billion from N942.7 million in 2016 financial year. During the period under review, the company raised its gross premium written…
Mobil records drop in revenue, profit
Mobil Oil Nigeria Plc. has continued to record decline in its operational financials, with its turnover decreasing by 19 per cent and profit after tax by 24 per cent.
Multi-potentiality: The joy of having multiple passions
As a kid, when you’re asked what you want to be when you grow up, the expected response is usually one thing – a Lawyer, Banker, Engineer, Teacher, maybe President even.
Unity Bank records N78.8 billion earnings, N4.6 billion profit
Unity Bank Plc posted gross earnings of N78.8 billion and a Profit After Tax (PAT) of N4.6 billion in its operations last year, according to the just released audited financial result of the financial institution.
Renaissance Capital records $41m profit, to expand emerging market operations
THE emerging and frontier markets investment bank- Renaissance Capital, said it doubled its net profit from core business in 2014, to $40.5 million (about N8.2 billion) from $19.2 million (about N3.8 billion) in 2013.
FSDH posts N3 billion profit in 2014, recommends N748 million dividend
FSDH Merchant Bank Limited has posted a profit after tax of N3 billion for the 2014 financial year, against N2.62 billion achieved in the previous year. Besides, directors of the company are recommending the sum of N747.62 million dividend, culminating to 26.75 kobo per share due to every shareholder of the company. Specifically, the bank’s…