Guinness declares N265bn revenue, PAT up 53% to N25.3bn
By Etop Ekanem Guinness Nigeria Plc has reaffirmed its confidence in the strength and future of its business, as the Company enters a new phase of growth underpinned by improved profitability, a significantly stronger balance sheet and continued investment in its brands, manufacturing capabilities and route to market. The company shared this outlook during its […]
Economy in difficult conditions for investors – LCCI
The Lagos Chamber of Commerce and Industry (LCCI), has decried dearth of credit facilities to investors. In a statement,Tuesday, the Director General of LCCI, Mr. Muda Yusuf, said: “It is clearly more attractive now to invest in government securities than to invest in ventures that would create jobs.
High interest rate shrinking activity in bonds market – Report
The burgeoning bonds market in Nigeria has largely remained under utilized due to over concentration on banks for finances by corporate bodies, a research report by Dunn Loren Merrifield, has said.
Experts laud CBN’s postponement of cash-less policy
Financial experts have lauded CBN’s decision to postpone the nationwide takeoff of the automated cash-less policy to January 1, 2013.
Maunfacturers eye 25% contribution to GDP
The Manufacturers Association of Nigeria (MAN), is projecting a 25 per cent manufacturing sector contribution to the Gross Domestic Product (GDP) of the country.
FCMB grows net revenues to N32.4bn
First City Monument Bank (FCMB)Plc has recorded significant improvements in its financial position for the first half (Q2) of the year ended 30 June 2012, with Group net revenues appreciating by 40 per cent Year on Year (YoY ) to N32.4 billion.
