Conoil Plc grew its top-line by about 10 per cent to ₦70.23 billion in the third quarter as the petroleum-marketing company braced against industry challenges to sustain positive outlook. Key extracts of the nine-month report for the period ended September 30, 2017 showed that Conoil grew its turnover to ₦70.2 billion in third quarter 2017 […]
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Petroleum marketing company, Oando Nigeria Plc, seems to have returned to profitability, with its third quarter ended September, 30, 2017, showing a significant of 120 percent increase in profit-after-tax grew of ₦7.1 billion from a loss of (₦35.8billion) in Q3 2016. It also recorded ₦383.5billion turnover as against ₦329.9 billion achieved in the corresponding period […]
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HSBC said Monday that its profit rose in the third quarter as a sweeping corporate overhaul aimed at winning more business in Asia paid off. The London-based global bank said pretax profit rose to $4.6 billion in the July-September period, a more than fivefold increase from $843 million a year ago. It reported net income […]
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The Board of Directors of Nigerian Breweries Plc has announced results for the nine months ended September 30, 2017 with its revenue hitting ₦254.7 billion. Details of the result sent to Nigerian Stock Exchange, show that the Board of the Company also declared an interim dividend of ₦7,996,902,051 (Seven billion, nine hundred and ninety six […]
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Access Bank Plc, Thursday, announced its third quarter (Q3) results for 2017, recording a 33 per cent growth in gross earnings at ₦365 billion up from ₦275 billion in the corresponding period of 2016. The bank has explained that the growth in earnings was driven primarily by the strong performance on core revenue lines. According […]
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First Bank Holdings has recorded an impressive result for the third quarter ended Sept. 30, 2017 as its profit increased to ₦16.07 billion representing 141.29 per cent. The company’s third quarter financial result was released by the Nigerian Stock Exchange (NSE) on Thursday. The result showed that the company’s Profit Before Tax increased by 71.22 […]
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Barclays says third-quarter earnings rose 32 percent as the London-based bank reported its first results since completing a post-financial crisis restructuring. Pre-tax profit increased to 1.11 billion pounds ($1.47 billion) from 837 million pounds. The bank, which shed riskier assets and sold its African business to focus on Britain and North America, said Thursday that […]
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The UK economy unexpectedly accelerated in the third quarter, upping the pressure on the Bank of England to hike interest rates next month. The Office for National Statistics (ONS) said gross domestic product (GDP) grew by 0.4% in its initial estimate for July to September this year. The rise is above expectations of 0.3%, as […]
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Leading Nigerian lender, Fidelity Bank Plc, has posted another impressive financial performance for the nine months period ended September 30, 2017. The bank said its gross earnings grew by 17.9 per cent to ₦130.1 billion, from ₦110.3 billion reported in the same period in 2016 while profit before tax rose by 65.1 per cent, from […]
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Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s foremost investment conglomerate has announced financial results for its third quarter ended September 30, 2017. The Group Profit after Tax (PAT) for Q3 2017 improved by 158 per cent year on year-on-year (YoY) to ₦8.2 billion. The conglomerates income statement revealed a Q3 2017 revenue of ₦56.76 billion, […]
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As more companies’ results are expected to be released this week, equity market activities on the Nigerian Stock Exchange, NSE, is expected to be stronger with mixed sentiments by investors, despite the decline in market indicators experienced penultimate week. Financial analysts have predicted that amidst cautious trading, higher activity will spur the market as investors […]
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Nigeria’s major financial institution, Zenith Bank Plc has declared gross earnings of ₦531.3 billion for the third quarter ended September 30, 2017. This was disclosed in the bank’s third quarter result released by the Nigerian Stock Exchange (NSE), to the investing public. The bank’s results in the period showed that the gross earnings represented a […]
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