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Finance & Investment

Turkish Airlines’ airlift 7 million passengers, records 83.4% load factor in September 2018

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 …

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Delta Air Lines announces September 2018 Quarter Profit

DELTA AIR LINES has reported financial results for the September quarter 2018 with adjusted pre-tax income for the September quarter 2018 standing at $1.6 billion, and adjusted earnings per share were $1.80, at the high-end of guidance. Adjusted earnings per share were up 16 percent compared to the prior year …

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Tony Elumelu Foundation partner GIZ to Empower Young Entrepreneurs across East, West Africa

THE Tony Elumelu Foundation (TEF), Africa’s leading entrepreneurship philanthropy, is partnering with Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, the German Government’s Agency for International Cooperation to empower 210 young African entrepreneur GIZ support of the Tony Elumelu Foundation Entrepreneurship Programme will be focusing specifically on female entrepreneurs and tech-enabled …

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Africa Prudential partners cooperative societies on technology adoption

AFRICA Prudential Plc, a leading share registration and investor services firm has partnered with the International Co-operative Alliance-Africa (ICA) to deploy technology solutions for a more efficient administration of co-operatives and thrift societies across Africa. The commitment was made public at the 12th African Ministerial Co-operative Conference which was held …

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United Capital launches new, improved online investment platform, InvestNow.Ng

UNITED Capital Plc, a leading financial services group just launched its new, improved online investment platform, InvestNow. The company, which prides itself in being innovative and customer-centric rolled out this platform as part of its retail strategy and unwavering commitment to excellent service experience. The platform was first released in …

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Transcorp Hotels Plc records 85% increase in Half Year 2018 Profit After Tax

TRANSCORP Hotels Plc. (“Transcorp Hotels”) has announced its Unaudited Financial Statements for the period ended June 30, 2018 showing significant growth over same period last year recording a turnover of N8.01billion, Profit Before Tax of N2.02billion and Earning Per Share of 17.84 Kobo. Transcorp Hotels delivered a commendable 29% year-on-year growth in …

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Delta Air Lines announces March Quarter Profit

DELTA AIR LINES has reported financial results for the March quarter 2018 as adjusted pre-tax income for the March 2018 quarter was $676 million, a $104 million decrease from the March 2017 quarter, as record revenues were offset by higher fuel prices and other increased costs including a $44 million …

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Med-view’s shareholders commend airline’s 2017 performance, charge govt to reduce taxes

As airline appoints four new directors to board SHAREHOLDERS of Med-view Airlines have commended the airline’s 2017 performance indices urging the airline to keep it positive after it announced an increase in revenue of N36.91 billion in the end of December 2017. This is however as they have enjoined the …

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UBA sustains strong performance with growing contribution and market share from Africa

Declares Profit Before Tax of N105.3 billion UNITED Bank for Africa Plc has announced its audited results for the financial year ended December 31, 2017, showing significant growth in the contribution and market share from its pan-African subsidiaries, among other positive trends in the financial performance. The pan-African financial institution’s …

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Turkish Airlines hits 79.7% load factor in December 2017

TURKISH Airlines has announced that it completed the year 2017 with a great success with an increased passenger factor of 9.3% after airlifting 68.6 million air travelers. The number of passengers in 2017 compared to the previous year reached 79.1% by increasing 4.7 points. The flag carrier has reached highest …

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