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...

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...