NEXIM Bank Backs Inland Dry Seaport Projects, Targets N5.12bn Profit in 2018   The Managing Director/Chief Executive, Nigerian Export-Import Bank (NEXIM), Mr. Abba Bello has put the bank’s estimated profit before “bad and doubtful” provisions for 2018 at N5.12 billion. The figure was however, expected to shrink...

Berger Paint Gets New Chairman, Records N449.5m Profit Berger Paints Nigeria Plc has announced a profit before tax of N449.5m for 2017, an increase of 25 per cent compared to that of 2016. The firm said its net revenue increased by 19 per cent to N3.09bn...

Amid Slow Growth, Airlines Target N12.2tr Profit The International Air Transport Association (IATA) yesterday announced its expectation for airlines to achieve a collective net profit of N12.2 trillion ($33.8 billion), being 4.1per cent net margin, in 2018. IATA, the global clearing house for over 280 airlines...

CSCS Pays 70 Kobo Dividend, Records N4.9bn Profit   The Central Securities Clearing System (CSCS) Plc, the financial market infrastructure (FMI) arm for the Nigerian capital market, has announced a dividend of 70 kobo per share to shareholders for the year ended December 31, 2017. The dividend,...

Lafarge Africa Seeks To Boost Profit, Cut Debt By 2020   Lafarge Africa Plc, the continent’s second-biggest producer of cement, plans to cut debt in the next two years as it seeks to boost profit before resuming expansion, the company’s Chairman, Mr. Mobolaji Balogun, said. The cement...

Jaiz Bank Records N894m Before Tax Profit   The pioneer non-interest bank in Nigeria, Jaiz Bank Plc, has declared significant growths in key performance indicators in 2017, thereby recording almost double growth on every unit of transaction during the period. Its Managing Director/CEO, Hassan Usman said at...