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 […]
BankPHB restates commitment to economic development
BankPHB Plc has reiterated its commitment to the growth and development of the Nigerian economy, declaring its intention to contribute meaningfully to human capital development and also help in building capacity for the country.
Cost of funds rises as banks fund forex purchases
By Babajide Komolafe Cost of funds in the interbank money market rose slightly yesterday due to funding of foreign exchange purchases by banks at the Wholesale Dutch Auction System (WDAS). Interest rate on Call lending rose to 4.4 from 4.3 per cent while Seven days lending attracted 7.0 per cent up from 6.75 per cent. […]
Lagos State Microfinance Association sets up Intervention Fund
The Lagos State Chapter of thethe National Association of Microfinance Banks of Nigeria has set up an Intervention Fund to be used in addressing the problems of short term liquidity that is becoming a common feature in the microfinance sub-sector.
FG to meet oil marketers over rising JET-A1 price
The federal government is to meet with independent oil marketers over recent increase in the price of aviation fuel or JET-A1.
Family of victim seeks to sue Air France over fatal crash
The family of a flight attendant who died in the Air France crash of June 1 off the coast of Brazil is seeking legal action against the carrier.
