Nigeria’s First Bank Group’s first quarter pretax profit rose by 29 percent year-on-year to 31.41 billion naira ($198.8 million), from 24.36 billion naira in the same period last year, the company said on Thursday. Gross revenues rose to 99.47 billion naira during the period, compared with 87.62 billion naira the […]
Tag: Nigeria
FG Heads to Appeal Court over Deregulation Suit
The federal government has filed an appeal at the Court of Appeal in Abuja against the decision of Justice Adamu Bello of the Federal High Court nullifying the deregulation of the downstream sector of the oil industry. The court had in its judgment in the case: Bamidele Aturu vs Minister […]
NSE Again Outperforms Kenya, South Africa in YTD Return
The Nigerian equities market has again outshone two of the major stock Exchanges in Africa, Kenya and South in its year-to-date (YTD) performance, having sustained its upward trajectory in the new year. The Nigerian Stock Exchange (NSE) surged by 13.4 per cent in January, and has now risen by 18.5 […]
