Indices Dip Further By N28b, Profit Taking Takes Toll On NSE   The reign of the bears continued unabated on the equity sector of the Nigerian Stock Exchange (NSE), as more highly capitalised stocks depreciated in price, causing market capitalisation to decline further by N28billion. In summary,...

Oando Plc Records Full Year After Tax Profit Of N20bn     Oando Plc has consolidated on its 2016 gains by recording a higher profit for the year ended December 31, 2017. The indigenous integrated energy company on Fridayannounced its audited results for 2017, showing revenue of...

In 3 Months, GTB Records N52.6b Profit     Nigeria’s most capitalised financial institution, Guaranty Trust Bank (GTB) Plc recorded modest growths in key performance indicators in the first quarter of this year with pre-tax profit for the three-month period rising to N52.62 billion. Key extracts of the...

Sterling Bank Records 65% Growth Profit After Tax To N8.521bn     Sterling Bank Plc on Monday reported a growth of 65 per cent in profit after tax (PAT) for the year ended December 31, 2018. The audited results of the bank showed PAT of N8.521 billion,...

  NNPC Subsidiary, NETCO, Posts N3.257bn Profit For 2017       The National Engineering and Technical Company Limited (NETCO), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has recorded a profit before tax of N3.257 billion for 2017 financial year. The breakdown shows that the company’s revenue increased...

Jaiz Bank Grows Profit By 161% To N894m     Jaiz Bank Plc-Nigeria’s pioneer non-interest commercial bank recorded significant growths in key performance indicators in 2017 with the Islamic bank making an average of a double of previous profit on every unit of transaction during the period. Key...