Business

GTCO Plc Posts N169.7bn Profit For Q3, Up 11.7%

Guaranty Trust Holding Company Plc reported a profit before tax of N169.7billion for the period ending September 30, representing an increase of 11.7% over N151.9billion recorded in the corresponding period of 2021. The Group’s loan book (net) increased by...

COP27: FG Endorses White Paper on Harmonisation of Global Climate Concerns

As the 2022 United Nations Climate Change Conference COP27 opens on November 6, 2022, in Egypt, the Federal Government of Nigeria, represented by the Federal Ministers of Environment, Power and Trade has recommended a white paper titled: ‘Trade, Energy...

Financial Services Lift Equities Into Bullish Territory

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A total turnover of 1.410 billion shares worth N15.510 billion in 19,025 deals was traded last week by investors on the floor of the Exchange, in contrast to a total of 598.817 million shares valued at N14.234 billion that...

CBN To Develop Fresh Regulations Against Financial System Threats – Emefiele

The Governor, Central Bank of Nigeria (CBN), Godwin Emefiele, has said that threats posed to the financial service system informed the raising of a set of new and revised guidelines, regulations and legislations to address potential infringements, alter private...

Insurance Premiums on Aircraft Plummet Over Safety Concerns

Insurance premiums paid on aircraft, especially the wide-body type, are decreasing due to a new perception of Nigeria's safety records. Safety records so far achieved by the country in the last couple of years had brought the insurance...

Nestle Nigeria: Strength of The Raging Bull

November 06, (THEWILL) - The Nigerian Exchange (NGX) hit the peak of its growth on Friday, May 27, 2022 when it recorded a market capitalisation of N29.15 trillion and an All-Share Index (ASI) of 54,085.30. It was a historic performance...

Q3 2022: FBN Holdings Sends Delightful Message to Stakeholders

FBN Holdings Plc, the parent company of First Bank of Nigeria Limited, is sending a message to its stakeholders through its impressive performance results for the Q3 and nine month periods ending September 30, 2022. The behemoth financial services establishment,...

Nigeria 2023: Random Thoughts on Economic Manifesto

The opening paragraph of the section on the ‘Economy’ of the manifesto of one of the presidential candidates (for Nigeria’s general election 2023) says: “The structural model upon which our national economy has always been based needs major reform....

Unity Bank Posts N2.2bn Profit, Grows Gross Earnings by 17% in Q3 ’22

Unity Bank Plc has declared a N2.2 billion profit for the nine-month period ended September 30, 2022, with 17% growth in gross earnings to N42.2 billion for the same period, as against N36.2 billion in the corresponding period of...

NATOP Seeks NCAC Collaboration to Develop Tourism Economy

The Director General, National Council for Arts and Culture, Otunba Segun Runsewe has said his arms are wide open to support moves aimed at revamping the tourism economy for the nation. Otunba Runsewe made this known in his office...