March 15, 2019 By Paschal Ijeh InvestAdvocate Lagos (INVESTADVOCATE)-Nigeria’s tier one (1) lender, Access Bank Plc said on Friday its post-tax profit for the period ended December 31, 2018 surged 58.1 percent to N94.98 billion from N60.08 billion recorded a year ago. In the same vein, pretax profit increased 132.0 […]
Results & Dividends
Reporting Season For Banks Continues Well
Culled—Proshare March 12, 2019/Coronation Research The reporting season for banks continues with two high-quality banks (see page 2) enjoying big increases in Non-Interest Income in 2018 – critical in our view, for long-term growth. FX Last week, the NIFEX rate remained stable at NGN358.79/US$1. The NAFEX rate appreciated by 0.09% […]
NOVA Merchant Bank Declares N1.15bn Post-Tax Profit, Maintains Focus on Scaling its Business
March 11, 2019/Nova Merchant Bank Ltd NOVA Merchant Bank Limited has declared a profit after tax of N1.15 billion for the year ended 31st of December 2018, a significant increase from N510.6 million achieved in 2017, marking a 125% increase. The result is achieved as it begins to reap the benefits […]
