Zenith Bank rakes in N117.05bn profit in 6 months
Zenith Bank Plc. has posted a profit before tax (PBT) of N117.05 billion for six months ended June 30, 2021, against N114.12 billion achieved in the comparative period of 2020. This was stated in the company’s interim report signed by the Company Secretary, Mr. Micheal Otu, posted on the website of the Nigerian Exchange (NGX) Ltd. According to the result, gross...
Access Bank records N97.49bn profit in 6 months
Access Bank Plc. has posted a profit before tax (PBT) of N97.49 billion in six months as at June 30. This was stated in the bank’s interim financial statement signed by the Company Secretary, Mr. Sunday Ekwochi, posted on the website of the Nigerian Exchange (NGX) Ltd. on Thursday in Lagos. The PBT represented a growth of 31.21 per cent compared...
Nigerian investors lose N146bn on NGX
Investors net worth on the Nigerian Exchange (NGX) Ltd. dropped further by N146 billion on Friday due to losses posted by some major blue chips. Specifically, the market capitalisation lost N146 billion or 0.71 per cent to close at N20.278 trillion, from N20.424 trillion reported on Thursday. Also, the NGX All-Share Index dipped 279.55 points or 0.71 per cent, returning to...
Stanbic IBTC PBT drops 52.85% in 6-month results
Stanbic IBTC Holdings Plc. has posted a profit before tax (PBT) of N24.70 billion for the six months ended June 30. This was stated in the bank’s consolidated and separate interim financial statements signed by the Company Secretary, Mr. Chidi Okezie, as posted on the website of the Nigerian Exchange (NGX) Limited in Lagos. The Group PBT represents a decrease of...
Fidelity Bank grows PBT by 72.4% in 6 months
Fidelity Bank Plc. has posted a profit before tax (PBT) of N20.6 billion for the six months ended June 30, 2021. The Managing Director/Chief Executive Officer of Fidelity Bank, Mrs. Nneka Onyeali-Ikpe, disclosed this in the bank’s audited half-year (H1) results released to the Nigerian Exchange (NGX) Limited on Sunday in Lagos. Onyeali-Ikpe said that the bank’s PBT represented a 72.4...
Total Nigeria Plc changes name to TotalEnergies Marketing Nigeria
Total Nigeria Plc on Thursday said that the company’s shareholders on August 19, voted to change its name to TotalEnergies Marketing Nigeria Plc. This was contained in a formal notification signed by the Company’s Secretary/Executive General Manager, Mrs. Bunmi Popoola-Mordi, to the investing public and the Nigerian Exchange (NGX) Limited in Lagos. Popoola-Mordi said: “The name change is accompanied by a...
Kano plants 1m tree seedlings to address climate change
The Kano State Government has begun planting one million tree seedlings to address the menace of climate change in the state. The State’s Commissioner for Environment, Dr. Kabiru Ibrahim-Getso, made the disclosure at a press briefing on the 2021 tree planting campaign at the ministry’s conference room on Thursday in Kano. The theme of this year tree-planting campaign, is “Mitigating climate...
COVID-19: 42 African countries off track on global target – WHO
The World Health Organisation (WHO) has predicted that Africa could miss the goal of vaccinating the most vulnerable 10 per cent of its population against COVID-19 before the end of September. New WHO data shows nearly 80 per cent of countries on the continent, or 42 out of 54, are off track on meeting the global target set in May...
Labour rejects plans by FG to slash salaries
President of the Nigeria Labour Congress (NLC), Ayuba Waba, who said this in a statement on Wednesday in Abuja, noted that the plan was tantamount to a “mass suicide” wish, for Nigerian workers. Waba said that NLC was shocked at a statement credited to the Minister of Finance, Mrs. Zainab Ahmed, on the plan to reduce the high cost of...
