Guaranty Trust Bank (GTB) Plc has posted a profit of ₦125.58 billion for the third quarter ended September 30, 2017. This is contained in the bank’s filling at the Nigerian Stock Exchange NSE on Wednesday. The report showed that the profit represented a growth of ₦8.49 billion or 7.21 per cent as against ₦117.08 billion […]
Read More
The Nigeria’s Central Bank, CBN, has disclosed that the availability of credit to the corporate and households sectors increased during the third quarter, Q3, of 2017, while projecting further increase in the last quarter of the year, Q4. Though the apex bank did not give figures on bank credits during the period in a survey […]
Read More
The United Bank for Africa Plc has reported a 33.2 per cent growth in its profit before tax for the unaudited third quarter financial results ended September 30, 2017. The pan-African financial institution’s result showed remarkable performance across key financial indicators. Its PBT appreciated to ₦78.3 billion from ₦58.8 billion recorded in the same period […]
Read More
Oil prices settled up 2 percent on Wednesday despite a rise in U.S. crude inventories, with the market heading for its largest third-quarter gain in 13 years after the Iraqi oil minister said OPEC and its partners were considering extending or deepening output cuts. Brent crude futures rose $1.06, or 1.9 percent, to $56.20 a […]
Read More
The Nigerians Government is looking forward to borrowing ₦1.24tn in the third quarter via the issuance of Treasury bills by the Central Bank of Nigeria. A CBN debt calendar for the third quarter released on Friday showed that it would sell ₦1.24tn ($4.1bn) worth of treasury bills from June 15 to August 31. The apex […]
Read More
Recent developments in the Nigerian economy where the contraction in the GDP slowed considerably in Q1, 2017 is an indication that the country will likely exit the current recession between Q2 and Q3, 2017, analysts at FSDH Merchant Bank, have said. This, according to them, in a weekly review of the economy tagged, ‘Nigerian Economy […]
Read More
FCMB Group Plc recorded considerable growths in the top-line and profitability in the third quarter as the financial services group grew net profit by 30.6 per cent to N13 billion within the nine-month period. Key extracts of the nine-month report for the period ended September 30, 2016 showed that group gross earnings rose by 29 […]
Read More
Conoil Plc continued to ride on the back of improved cost efficiency as the downstream oil major grew profit before tax by 54 per cent to N2.72 billion in the third quarter. Key extracts of the nine-month report of Conoil for the period ended September 30, 2016 released yesterday at the Nigerian Stock Exchange (NSE) […]
Read More
