Home / Business / Finance & Investment

Finance & Investment

Lufthansa Group records 60 million passengers in 2017 first half

LUFTHANSA Group in the first half of the year 2017, airlifted around 60 million passengers 17.2% more than in the first half of 2016. The Group in its financial report stated that it has carried more passengers than ever before in the first half of 2017. The seat load factor …

Read More »

Delta Air Lines reports $172m increase on June Quarter profit

DELTA Air Lines has announced financial results for the June quarter 2017. The airline reported that its adjusted pre-tax income for the June 2017 quarter was $1.85 billion, an increase of $172 million from the same income in the June 2016 quarter, primarily driven by higher revenue. Delta recorded a …

Read More »

Global investors oversubscribe UBA’s $500m Eurobond by 240%

UNITED Bank for Africa Plc (UBA) successfully raised USD500 million, through a debut Eurobond, which was over-subscribed at 240%. The significant investor demand reflects the strong global investor appetite for UBA’s credit and support for the Group’s Pan-African financial services strategy. The Global Offering is a five-year senior unsecured benchmark …

Read More »

Standard and Poor allots UBA Plc ‘B/B’ ratings, stable outlook

STANDARD and Poor’s (S&P) an international rating agency, has assigned its ‘B’ long term and ‘B’ short term global scale counterpart credit ratings to the United Bank for Africa Plc (UBA). The rating agency noted that UBA’s market position “is supported by its good franchise in the corporate and retail …

Read More »

Medview Airline PLC pays dividends to shareholders at first AGM

BASED on the dividends approved by shareholders, Medview Airlines PLC will pay 3kobo per every 50 kobo ordinary share to its shareholders from May 19, 2017 with plans to improve on the figure at the next financial year. The airline on January 31, 2017 enlisted in the Nigeria Stock Exchange …

Read More »

Emirates Group total revenue hits $25.8billion despite poor aviation, travel returns

EMIRATES Group turnover hits $25.8 billion with a huge workforce of 105,000 for its 29th consecutive year of profit and steady business expansion, despite a turbulent year for aviation and travel. Released today in its 2016-17 Annual Report, the Emirates Group posted an AED 2.5 billion (US$ 670 million) profit …

Read More »

CBN expels 16 banks from forex market, mulls sanctions

APEX bank, Central Bank of Nigeria (CBN) yesterday stopped 16 Deposit Money Banks from participating in the Small and Medium-scale Enterprises (SMEs)window of the foreign exchange market. This is just as the CBN said all the affected 16 banks that had refused to sell forex to small businesses after accessing …

Read More »

Delta Air Lines announces $847 million March quarter profit

DELTA Air Lines has reported financial results for the March quarter 2017. Highlights of those results, including both GAAP and adjusted metrics, are below and incorporated here. Adjusted pre-tax income for the March 2017 quarter was $847 million, a $713 million decrease from the March 2016 quarter, primarily driven by …

Read More »

FAAN opens 2017 internally generated revenue contract bids

FEDERAL Airports Authority of Nigeria (FAAN) on Monday, 3rd April, 2017, began the process of evaluating bidding companies for the award of contracts under its 2017 Internally Generated Revenue Budget, by opening tendered documents in line with the provisions of the Public Procurement Act 2007. The Airports Authority on the …

Read More »

SAA encourages travel partners to explore multiple revenue generation streams

SOUTH AFRICAN AIRWAYS has harped on the importance of its travel partners to explore multiple ways of generating revenue to increase their profit base at a forum held at Federal Palace Hotel, Victoria Island, Lagos. The aim of the forum was to enlighten and educate the travel partners on how …

Read More »
Skip to toolbar