Despite Macroeconomic Challenges, Eight Banks Report N176.11bn Profit   Despite global and domestic macroeconomic challenges, eight Nigerian banks generated a whopping sum of N176.11billion as profit in the half-year ended June 30, 2022, an increase of 34.66 per cent over N130.78 billion profit earned in the...

Stock Investors Net N598bn Capital Gains Amid Profit-taking   Investors in Nigerian equities closed weekend with net capital gains of N598 billion despite the onset of a considerable profit-taking. Investors sought to monetise substantial capital gains built up over weeks of successive rally but gains by large-cap...

BOI Declares Over N7.8bn Dividend, Records 75% Profit Rise   The Bank of Industry (BOI) said it recorded N61.15bon as profit before tax for the 2021 financial period. The Chairman of BOI’s Board of Directors, Aliyu Dikko, who announced the results during the bank’s 62nd Annual General...

BOI Grows Profit By 75% To N62bn In 2021   The Bank of Industry (BOI) Group has reported a profit before tax of N62.28 billion for the financial year ended December 31, 2021; 75 per cent higher than the 2020 profit of N35.54 billion. This is contained...

Banks Resilient, Record 6.8% Profit Growth In H1, 2021     Nigerian banks recorded 6.8 per cent growth in profit in the first half of 2021 as the sector strived to remain resilient during the COVID-19 pandemic, according to a new report. Afrinvest West Africa said this in...

Stock Investors Take Profits As Market Sheds N51bn     The Nigerian equities market fell for the second consecutive day on Thursday, with the total market value losing N51.27bn as investors took profits in MTN Nigeria Plc and some other stocks. The All-Share Index of the Nigerian Exchange...