Fidelity Bank records ₦13 billion profits in H1’18

Fidelity Bank Plc has recorded 27.3 percent growth in its profit before tax (PBT) for the first half ended June 30, 2018 (H1’18) to ₦13 billion from ₦10.2 billion. The results of the banks’ audited half year results released at the Nigerian Stock Exchange (NSE) yesterday also showed that the banks’ Profit After Tax (PAT) […]

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Yemi Kale, NBS

Foreign debt rises by 17 pct to $22.1 billion for H1’18

The National Bureau of Statistics (NBS), yesterday, said that Nigeria’s foreign debt at the end of the first half of 2018 (H1’18) stood at $22.08 billion. This represents a 17 percent rise over the $18.9 billion recorded at the end of 2017. The breakdown, according to NBS foreign and domestic debt report for second quarter […]

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FAAC shares ₦3.946 trillion among FG, states and LGs in H1’18 – NEITI

The Federation Accounts Allocation Committee (FAAC) has disbursed ₦3.946 trillion in the first half of 2018 to Federal, State and Local Governments, the Nigeria Extractive Industries Transparency Initiative (NEITI) quarterly report has revealed. The report released in Abuja, on Monday, noted that amount rose by 41.4 per cent compared to ₦2.788 trillion disbursed in the […]

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Air Traffic in first-half 2018 rose by 23.9 pct to 7-million, says NBS

The National Bureau of Statistics (NBS) has disclosed that a total of 7,503,408 passengers passed through Nigerian airports in the first half of 2018, representing a 23.9 per cent growth from the 6,054,319 passengers recorded in the first half of 2017. The passenger traffic however includes international, domestic, inbound and outbound air travel. NBS observed […]

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UBA gross earnings for H1’18 rise by 16 pct to ₦258 billion

UBA Grows Gross Earnings By 16%, Delivers 17% Return on Average Equity ………..Sustains Interim Dividend Africa’s leading financial institution, United Bank for Africa Plc has announced its audited 2018 half year financial results, showing strong growth across key performance metrics as well as a significant contribution from its African subsidiaries. Despite declining yield environment in […]

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stanbic ibtc bank

Stanbic IBTC post 79 pct growth to ₦24.11 billion in first-half 2018

Stanbic IBTC Holdings Plc has announced 79 percent growth in its Profit After Tax, PAT, for the six months ended 30 June 2018, to ₦43.08 billion from ₦24.11 billion in the corresponding period in 2017. The result submitted to the Nigerian Stock Exchange, NSE, showed that the gross earnings rose by 17 percent to ₦114.21 […]

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Conoil first-half profit soars by 29 pct to ₦809.78 million

Conoil Plc has lived up to its pledge to maintain its growth momentum as the company’s recorded improved performance in the first half, H1’18 with profit soaring by 29 percent to ₦809.78 million. The unaudited half year report of the company released by the Nigerian Stock Exchange (NSE) showed that notwithstanding the tough economic environment, […]

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NAHCO records 25 pct increase in first-half 2018

The Nigerian Aviation Handling Company Plc has said its turnover increased by 25 per cent to N4.64bn in the first half of 2018 from the ₦3.71 billion recorded in the same period in 2017. The group said in statement that it also recorded a profit before tax of ₦500.97 million, up from the ₦203.08 million […]

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Zenith Bank

Zenith Bank’s half year results trigger buying interest in its Eurobonds

Strong indications have emerged that the significant buying interest in Zenith Bank’s Eurobonds may be connected to the recently released impressive half year (H1):2017 result of the bank, according to dealers. Across the Nigerian Corporate Eurobonds, performance remained mixed as Tier-1 banks’ bond yields fell while some Tier-2 yields rose. Investor interest was majorly centered […]

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Forte Oil post ₦7.9 billion profit after-tax in first-half 2018

Forte Oil Plc posted a profit after tax of ₦7.9 billion for the first half of 2018, compared to N4.11bn recorded in the same period last year. The firm’s unaudited results for the period ended June 30, 2018 showed that its revenues increased by 32 per cent to ₦61.8 billion from ₦46.7 billion. Its earnings […]

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FAAC shares ₦3.5 trillion among FG, states, LGs in first-half 2018

With the distribution of ₦668.9 billion for the month of June 2018, as indicated in the report of the National Bureau of Statistics, NBS, Monday, the three tiers of Nigerian government have shared a total of ₦3.5 trillion as statutory allocations in the first half of 2018. The Federal Government took ₦1.7 trillion representing 49 […]

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The logo of Oando oil company is pictured in Abuja, Nigeria October 18, 2017. REUTERS/Afolabi Sotunde

Oando posts ₦8.5 billion profit after tax in first half of 2018

Oando Plc has posted profit after tax of ₦8.5 billion in the first half of 2018, H1’18, driven by increase in price of crude oil and gas commodities. An analysis of the company’s financials shows that the company’s turnover grew by 11 per cent to N297.3 billion from ₦267 billion in H1’17; gross profit increased […]

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