By Yakubu LAAH InvestAdvocate Lagos (INVESTADVOCATE)-Top Nigerian Brewers Guinness Nigeria Plc on Monday said its profit before tax (PBT) for the first quarter (Q1) report ended March 31, 2014 went down 30 percent (30%) from N11.234 billion in the Q1 of 2013 to N7.823 billion in the review period of […]
Author: InvestAdvocate
Prudential Sees Profit in Ghana by Fourth Year After Acquisition
Prudential Plc (PRU), the U.K.’s biggest insurer, said the Ghanaian life insurance business it acquired in December may become profitable after four years. Express Life Insurance Co., the Accra-based insurer bought for an undisclosed sum, has premiums of 4 million cedis ($1.4 million), or 1 percent of Ghana’s life insurance […]
Issuance of Bank Verification Numbers takes off next month
Banks will begin to issue Bank Verification Numbers (BVN) to customers next month through 1000 branches in Lagos. Assistant Director and Head of External Communications Division, Central Bank of Nigeria (CBN), Mr. Isaac Okoroafor disclosed this in Lagos last week. The Bank Verification Numbers based on biometric identity of the […]
