September 13, 2021/NGX Investors have earned over N700Billion from dividend payout by companies listed on Nigerian Exchange (NGX of the Exchange) Limited. So far, 58 companies across ten sectors of quoted companies on The Exchange have paid out N732,915,168,509.29. This is broken down as follows: financial services (21), consumer goods […]
Results & Dividends
Fidelity Bank Plc H1 202: Fee Income Growth, Decline in both OPEX and Loan Loss Charge Support Y/Y Profit Growth
September 13, 2021/CSL Research Fidelity Bank’s recently released AUDITED H1 2021 numbers showed significant y/y growth in both Pre and Post-tax profit, supported by significant growth in Fee and Commission Income (up 39.1% y/y) and a reduction in OPEX (down 9.8% y/y) and Impairment Charge (down 70.6% y/y) amidst a […]
GTCO H1-21: Weaker Core Income Pressures Profitability
September 10, 2021/Cordros Report Event: GTCO released its H1-21 audited financials yesterday, which showed that the HoldCo recorded decline in its top and bottom-lines. Despite a moderation in funding cost, the significant decline in core income given a combination of weak asset creation and a lower yield environment drove the […]
