Ecobank Nigeria EcobankPay, the lifestyle digital payment and collections service of Ecobank Nigeria has entered into a partnership with PricePointe Wholesale Club, a new entrant into the Nigerian retail sector, modeled after the America’s Costco and Sam’s Club, which started operations with the opening of its flagship warehouse at Ilupeju Industrial Crescent, Ilupeju Lagos. Speaking […]
Category: Nigeria Business
United Capital profit after tax drop to N644.189 mln
dollar bills United Capital Plc has released its first quarter financial scorecard , showing growth in some indicators, despite the challenges in the nations economy. Total assets increased by three per cent to N153.15 billion from N148.70 billion in the previous period. Funds under management grew by five per cent to N79.16 billion from N75.69 […]
United Capital Rewards Shareholders with N1.5 Billion Dividend
United Capital Plc has assured its shareholders of higher returns in the years ahead as appropriate strategic measures have been put in place to overcome challenges in the operating environment. The Chairman of United Capital Plc, Mr. Chika Mordi , who gave the assurance, said despite the challenging operating global and local environment, the company […]
United Capital promises better returns as shareholders get N1.8b dividend
The United Capital Plc Board of Directors has assured shareholders that it has put in place appropriate strategies to ensure that the company continues to make progress and deliver better returns, irrespective of the challenges in the operating environment. Addressing shareholders at the annual general meeting in Lagos, its Chairman, Chika Mordi, said things are […]
Shareholders express delight over United Capital’s FY 2018 results
United Capital Plc, one of Nigeria’s foremost investment banking groups, has held its much-awaited Annual General Meeting (AGM). The AGM took place yesterday at the Oriental Hotel in Lagos, and was well attended by the company’s shareholders, board members, and the management. The Chairman’s speech The company’s Chairman of Board, Mr Chika Mordi, used the […]
United Capital posts 48% decline in Q1 profit
Feyisayo Popoola United Capital Plc has posted a 48 per cent decline in its profit for the first quarter of the year. The company’s financial statement, which was obtained from the Nigerian Stock Exchange on Wednesday, showed that the group’s profit before tax dropped to N766.9m in 2019, compared with the N1.5bn recorded in the […]
Access Bank declares N45bn pre-tax profit for Q1
Access Bank Plc has declared N45.10 billion as Profit Before Tax, for its first quarter ended March 31, 2019, representing 64.4 percent increase compared to N27.44 billion posted in the corresponding quarter in Q1’18. Highlights of the bank’s Q1 financial statement released on the Nigerian Stock Exchange, NSE, showed that the bank’s earnings rose by […]
Access Bank Positions Self for Possible Negative Shocks
By Dipo Olowookere Group Managing Director of Access Bank Plc, Mr Herbert Wigwe, has assured that the lender was strong enough to withstand any macroeconomic challenges that may come its way. Mr Wigwe gave this assurance while reacting to the solid earnings delivered by the bank in the first quarter of 2019. In the Q1 […]
Court attaches Imo State’s accounts in CBN, 16 other banks over N1.5b debt
A High Court of the Federal Capital Territory (FCT) in Abuja has ordered the attachment of funds in accounts owned by the Imo State gvernment in the Central Bank of Nigeria (CBN) and 16 other banks over a N1.5 billion debt it owed a firm, E. F. Network Nigeria Limited. Justice Bello Kawu gave the […]
You May Consider Buying These Stocks This Week
By Modupe Gbadeyanka It is another new trading week and investors are getting ready to pick which of the stocks available to buy, sell or hold. This is where those at Meristem Research come handy as they give insight into which equities to pick and expect yield in the short-term. Five main stocks have been […]