GTBank Records Net Interest Income Growth of Over 60% in Q1 2017
Event: GT Bank reports Q1 2017 results Implications: Positive reaction from the market expected; results running ahead of full year PBT guidance of N168bn Positives: Net interest income (and PBT)...
View ArticleTotal Nigeria Reports Q1 2017 Results – Gross Margin Contracts to 11.2% YoY
Event: Total Nigeria (Total) reports Q1 2017 results Implications: Cuts to consensus 2017E estimates expected Positives: Q4 sales of N80.5bn up 35% y/y and PBT up 11% y/y to N4.3bn Negatives: Gross...
View ArticleAfDB partners London Stock Exchange Group
…hosts Inaugural Africa launch of ‘Companies to Inspire Africa 2017’ The African Development Bank Group (AfDB) in collaboration with London Stock Exchange Group, hosted the inaugural African Launch of...
View ArticleFG set to establish satellite industrial centres
Towards fast tracking its plan on the diversification, the Federal Government is set to establish Satellite Industrial Centres across the six geo-political zone of the country. The establishment of...
View ArticleUS to invest $38 million in Ghana’s agric sector
The American Ambassador to Ghana, Mr. Robert Jackson, has revealed that his country intends to invest considerable resources in the agriculture and health sectors in Ghana. He made the declaration...
View ArticleBeyoncé offers US college scholarships
Beyoncé is offering four US college scholarships to mark the one year anniversary of ‘Lemonade’. The ‘Run The World (Girls)’ hitmaker has launched Formation Scholars, which will award scholarships to...
View ArticleNICON BUILDING COLLAPSE: LAGOS SEALS STRUCTURE, ORDERS INTEGRITY TEST
Lagos State Commissioner for Physical Planning and Urban Development, Tpl. Waisu Anifowose, speaking to journalists during his inspection of the partial collapsed building in NICON Town Estate,...
View Article2016 budget: FG releases N73bn for settlement of pensioners retirement...
President Buhari THE Federal Government has released a total N72.939 billion for the settlement of pensioners retirement benefits in the 2016 Budget, the Director-General, Budget Office of the...
View ArticleCBN Offers $100m in Wholesale Forwards
Buoyed by the impact of its interventions and stability in the foreign exchange market, the Central Bank of Nigeria (CBN) on Thursday, April 27, 2017 offered the sum of $100 million to authorized...
View ArticleTotal Ghana introduces two new lubricant products
Total Petroleum Ghana Limited has launched two new lubricant products Total Petroleum Ghana Limited, the Oil Marketing Company which has been known over the years for its quality lubricants, has...
View ArticlePremium Pension Rewards Wimner of Social Media Campaign
Executive Director, Business Development and Investment, Premium Pension Limited, Mr. Kayode Akande, Mr Anifowose Segun Johnson and Mr Wilson Ideva, Managing Director/CEO during the presentation of...
View ArticleLagos pays Accrued Rights Of N27,409b To 6,267 Retirees in Two Years
L-R: Chairman House Committe on Establishments Training and Pension, Adedayo Famakiwa, Commissioner, Lagos State Ministry of Establishments, Training and Pensions, Dr. Akintola, Benson Oke presenting...
View ArticleIFC, Africa Re develop index products to increase access to finance for farmers
IFC, a member of the World Bank Group, and Africa Reinsurance Corporation has supported a two-day technical workshop on risk modelling and strategic decision-making for index insurance products. James...
View ArticleAllianz Ghana makes underwriting easier for brokers
Some participant In the quest for making underwriting easy for insurance brokers in the country, Allianz Ghana has deployed an online underwriting tool dubbed: “Partner Platform” into the market. The...
View ArticleEfekoha Lists Ways West Africa insurers Can Achieve Regional Integration
In a bid to grow West Africa insurance market and deepen penetration across West Africa, the Chairman, Nigerian Insurers Association (NIA), Eddie Efekoha, has identified ways West Africa insurance...
View ArticleACCESS TO EDUCATION, A MUST FOR ALL IN LAGOS – AMBODE
…Unveils Digital Library Lagos State Governor, Mr. Akinwunmi Ambode has formally unveiled the State Digital Library, reiterating his administration’s commitment to provide access to education for all....
View ArticleContinental Reinsurance Starts Strong In 2017, Grows Revenue by 18.5% in Q1
Africa’s Reinsurer Continental Reinsurance Plc has released its unaudited first quarter results, showing significant growth across major income lines. Following a sterling performance in 2016 financial...
View ArticleAXA Mansard posts impressive earnings in first quarter 2017, Grows Revenue By...
AXA Mansard Insurance Plc has reported an impressive first quarter profits raising hopes among investors about the insurer determination to be the Africa’s most respected underwriter. The insurer...
View ArticleBank of Industry Posts 44% increase in PBT in 2016
The Bank of Industry (BOI) posted an operating Profit Before Tax of N17bn in 2016 which represents a 44% increase over the N11.9bn that was recorded in 2015. The Bank’s loans and advances also rose by...
View ArticlePhoto News: BOI Bags ICAN Merit Award
Bank of Industry’s (BOI) Acting Managing Director & CEO, Mr Waheed Olagunju (second from right) receiving the ICAN merit award from the President of the Institute of Chartered Accountants of...
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