Finance & Investment

UNITED Bank for Africa (UBA) Plc has stated that its well diversified asset book supported by stable funding structure, has placed it in a prime position to perform remarkably despite the falling economic indices in its operating environment. This is just as the Bank has assured its local and international investors that its prudent focus on improved asset quality as …

Lauds company’s  impressive performance AFRICA’s leading hospitality brand, Transcorp Hotels Plc recorded a 26% increase in turnover, with shareholders unanimously endorsing a final dividend of ₦1.14bn for the 2018 financial year translating to 15kobo per ordinary share, which is a 20% improvement over the 12kobo per ordinary share for 2017. The Stakeholders of Transcorp Hotels Plc, due to this, have …

founded by Abiodun Adereni, Help Mum, a Nigerian based enterprise that provides low-cost birth kits to prevent child and maternal mortality recently won the first ever Google Nigeria Impact Challenge and has attracted additional capital investments; iMed Tech, founded by Nneile Nkholise, innovates in the medtech space in South Africa by using technology to create breast prostheses for women with breast cancer;

CEMENT Company of Northern Nigeria (CCNN) led the gainers chart as Newrest ASL Nigeria led the losers’ chart as the Nigerian equities market rose by 0.58 per cent amid bargain hunting activity. The All Share Index (ASI) was up by 172.74 basis points, representing an increase of 0.58 per cent to close at 30,137.53 points. Similarly, the market capitalisation increased …

DELTA AIR LINES has reported financial results for the December quarter and full year 2018. Adjusted pre-tax income for the December quarter 2018 was $1.2 billion driven by over $700 million of revenue growth, allowing the company to fully recapture the $508 million increase in adjusted fuel expense and produce an 11 percent adjusted pre-tax margin. Adjusted earnings per share …

FEDERAL Inland Revenue Service (FIRS) has disclosed that it is targeting N8.3trn from the collection of various taxes in 2019, an additional N3trn from the N5.32trn realized in 2018. FIRS Executive Chairman, Dr. Babatunde Fowler, stated this at the ongoing 2019 stakeholders’ retreat in Lagos with theme: ‘Parliamentary Support for effective Taxation of a Digital Economy.’ Fowler said the target …

EMIRATES Group today announced its half-year results for 2018-19. The Group revenue was AED 54.4 billion (US$ 14.8 billion) for the first six months of its 2018-19 financial year, up 10% from AED 49.4 billion (US$ 13.5 billion) during the same period last year. The Group saw steady revenue growth compared to the same period last year, however profits were …

TURKISH Airlines posted profit from main operations of USD 1 billion 149 million, in the first 9 months of 2018, despite the increasing fuel prices due to its increasing demand and unit revenues. The airline managed to increase both passenger and cargo revenue significantly, achieved a total revenue of approximately USD 4 billion in the third quarter of the year. …

HAVING just concluded an excellent half – year performance, the Nigerian Aviation Handling Company plc (nahco aviance) has again posted impressive Third Quarter (Q3) results with a N7.25Billion turnover while declaring a Profit Before Tax of N731.8Million. According to the figures released to the Nigerian Stock Exchange (NSE), the Company recorded an impressive N7.25Billion turnover for the nine-month period which …

TURKISH AIRLINES has announced passenger and cargo traffic results for September 2018 airlifting about 7 million passengers with a high load factor of 83.4%. On top of the strong base effect of September 2017, growth in the number of passengers, revenue per kilometer and load factor, is an important indicator of the continued growing interest in Turkey and Turkish Airlines. …