GTBank Declares N2.50 Final Dividend, Posts N198.85bn Profit   Guaranty Trust Bank Plc has declared a profit after tax of N196.85bn for the financial year ended December 31, 2019 as against N184.71bn reported in 2018, representing a growth of 6.6 per cent. Based on the result, the...

Dangote Cement Posts N201bn Profit After Tax   Dangote Cement Plc has posted a profit after tax of N200.521bn for the financial year ended December 31, 2019 as against a profit of N390.325bn posted in 2018, representing a drop of 48.63 per cent. Profit before tax stood...

IATA Predicts 13.13% Rise In Airlines’ Profits   The International Air Transport Association says the global airline industry will have a 13.13 per cent increase in net profit this year. The association forecast that the industry would produce a net profit of $29.3bn in 2020, improved over...

Oando Records N13bn Profit In Q3, 2019   Oando Plc has announced its unaudited results for the third quarter ended September 2019, which showed that its profit after tax increased by 26 per cent to N13.1 billion, up from the N10.4 billion recorded in same period...

Top 5 Banks Records N417bn Profit In Six Months   Nigeria’s five topmost banks recorded a total profit of N416.55 billion in the first half of this year as a result of improved technology and an enhanced efficiency The average profitability of the top five banks rose...

Auto Industry Gets 3year Hit In Profit, Stocks   The nation’s automobile industry has been reeling under the pangs of harsh operating environment, just as the bottom-line of the sector’s listed equities, since 2015, remained subdued, with gloomy outlook, due to policy challenges. Indeed, most hit, within...