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...

Turkish Airlines Records $258m Net Profit In H1 Turkish Airlines has announced revenue increase of 30 per cent in the first half of the year. The airline, in a statement on Tuesday, said it revenue reached $6bn, adding that having displayed a remarkable growth performance in...

GTBank Recommends N8.8bn Interim Dividend, Posts N109bn Profit Guaranty Trust Bank Plc wednesday released its audited financial results for the half year(H1) ended June 30, 2018, showing positive performance across all financial indices. The board of directors of the bank also recommended an interim dividend...

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...