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Union Bank records N12b profit in six months

  TUESDAY, 27 JULY 2010 BY MOSES EBOSELE    For the half year ended June 30, 2010, Union Bank Group has declared a profit before tax of N12.1 billion.The result made available on the floor of the Nigerian Stock Exchange (NSE) yesterday, indicates an “impressive growth” when compared to the […]

FCMB gets S&P’s improved rating

  WEDNESDAY, 28 JULY 2010   First City Monument Bank (FCMB) has had not only its B+/B long term and short term global scale counterparty credit rating reassigned and reaffirmed, also its Nigerian national scale rating of ngA- by Standard & Poor’s (S&P), the foremost international credit rating agency.While the […]

Shareholders of Dangote Sugar approve N12b for 2009 dividend

  WEDNESDAY, 28 JULY 2010 BY MOSES EBOSELE   Shareholders of Dangote Sugar Refinery (DSR) plc on Tuesday approved proposal by the Board and Management of the company to pay a dividend of N1.00 for every one ordinary share of 50 kobo for the year ended December 31, 2009, amounting […]