Company Report
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Wema Bank reports N3.3bn profit in Q1 2022
Wema Bank Plc on Friday announced N3.3billion profit before tax in its unaudited financial statement for the quarter ended March 31, 2022. The lender has grown its profit before tax by 118.95 per cent from N1.51bilion reported in Q1 2021. Wema Bank on the Nigerian Exchange Limited (NGX) reported N2.86billion profit in Q1 2022 from N1.3billion in Q1 2021. From…
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Rand Merchant Bank Nigeria quotes series 1, 2 CPs on FMDQ Exchange
The Board Listings and Markets Committee of the FMDQ Exchange has approved the quotation of Rand Merchant Bank Nigeria Limited’s N4.50 billion Series 1 and N10.50 billion Series 2 Commercial Papers (CPs) under its N80 billion CP Issuance Programme on the Exchange platform. Rand Merchant Bank Nigeria Limited (Rand Merchant Bank) is an authorised financial services provider and a subsidiary…
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NGX Chief, Popoola commends Access Holdings’ contribution to Nigeria’s economy growth
Chief Executive Officer, Nigerian Exchange Limited (NGX), Temi Popoola, has commended Access Holding Plc’s contribution to the Nigerian growth story and emphasized Exchange’s commitment to collaborating with institutions driving growth in the economy. This was made known during the closing Gong Ceremony hosted by NGX to commemorate the Access Holdings’ successful restructuring into a holding company structure and the listing…
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GTCO reports N54.3bn PBT in Q1 2022
Guaranty Trust Holding Company Plc (GTCO) has released its Unaudited Consolidated and Separate Financial Statements for the period ended March 31, 2022, to the Nigerian Exchange Group (NGX) and London Stock Exchange (LSE). The Group reported profit before tax of N54.3billion, representing an increase of 1.1 per cent over N53.7billion recorded in the corresponding period March 2021. FX translation of…
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UBA announces N41.5bn profit in Q1 2022
United Bank for Africa Plc (UBA) has reported N41.5billion profit in its unaudited financial statement for the first quarter (Q1) ended March 31, 2022. The pan-African bank’s profit grew by 8.75 per cent when compared to N38.16billion reported in prior quarter results. According to the unaudited result and accounts posted on the Nigerian Exchange Limited (NGX) on Wednesday, UBA reported…
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BREAKING: GTCO reports 5.13% decline in profit
Guaranty Trust Holdings Plc (GTCO) on Tuesday announced 5.13 per cent drop in profit, according to first quarter (Q1) unaudited result and accounts for the period ended March, 31, 2022. The group on the Nigerian Exchange Limited (NGX) reported N43.21billion profit in Q1 2022 from N45,55billion in Q1 2021. The decline in profit was due to 36.14 per cent increase…
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CBN grants Airtel Africa full super agent license
The Central Bank of Nigeria (CBN) has awarded Airtel Mobile Commerce Nigeria Ltd, a subsidiary of Airtel Africa Plc, the full super agent license to operate as an agency network. This was disclosed in a statement titled “Nigeria Super Agent Full License Approval”, signed by Simon O’Hara, the company’s Secretary. The super agent licence is distinct from the Payment Service…
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Medview Airline, Oando, 13 others violate NGX post-listing requirement
Medview Airlines Plc, Oando Plc, and 13 other listed companies have failed to submit their 2020 audited result and accounts on the Nigerian Exchange Limited (NGX). The Exchange disclosed that Thomas Wyatt Nigeria Plc, The Tourist Company of Nigeria Plc, Goldlink Insurance Plc, Capital Oil Plc, Resort Savings & Loans Plc, Standard Alliance Insurance Plc and Union Homes Savings &…
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ETI’s total assets drops by 4% in Q1
Ecobank Transnational Incorporated (ETI) Plc has announced four per cent drop in total assets to N11.27trillion as of first quarter ended March31, 2022 from N11.69trillion reported in full year ended December 31, 2021. The group in its profit & loss figures announced 26 per cent increase in profit to N38.3billion in its first quarter ended March 31, 2022 results from…
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BUA cement reports N96.99bn revenue in Q1
BUA Cement Plc on Friday reported N96.99billion revenue in unaudited result and accounts for the period ended March 31, 2022 (Q1), an increase of 58.5 per cent from N61.19billion reported in unaudited result and accounts for the period ended March 31, 2021. The company on the Nigerian Exchange Limited (NGX) announced 71per cent increase in profit before tax to N42.35billion…
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