Business

2.1m Nigerians ‎lose jobs in 2016-NBS

Ihesiulo Grace 15 June 2017 0

A report from the National Bureau of Statistics, (NBS) has revealed that that 2.1 million Nigerians lost their jobs in 2016. The NBS said the number of Nigerians who became unemployed rose by 2.1 million to 11.55 million at the end of 2016 from 9.48 million at the beginning of the year. The

Capital Market

Forte Oil profit down 50 percent in 2016

Ihesiulo Grace 2 February 2017 0

Forte Oil Plc has reported N2.9 billion net profit for 2016, exactly half its achievement in 2015. Profit before tax also slipped 24 percent to N5.3 billion in 2016 as against N7 billion recorded in 2015. The company’s revenue for the period under review was N148.6 billion, up 19 percent from N124.6 billion previously.   […]

Business Capital Market

Access Bank Board Reviews Financial Statements for 2016

Ihesiulo Grace 6 January 2017 0

The board of directors of Access Bank Plc has concluded a plan to consider and approve the bank group audited financial statements for the year ended December 31, 2016. A statement from the company said the meeting which is scheduled for Thursday, January 26, 2017, will also consider other agenda items, including payment of final dividend. […]

Business

‎23,512 skilled workers get NDE certification in 2016

Ihesiulo Grace 2 January 2017 0

The National Directorate of Employment (NDE) trained 23,512 skilled workers in various vocational schemes in 2016, despite low funding. Acting Director-General, Olakunle Obanya, told newsmen that although the number represented a slight improvement over the 2015 figure, it was, however, a far cry from the number of persons trained by the agency in 2013 and […]

News

Consumers compensated N2.5bn by CPC’s order in 2016

Ihesiulo Grace 15 December 2016 0

The Consumer Protection Council (CPC) has disclosed that it has ordered a redress of consumers of up to N2.5 billion between January and November as refunds and composition in the resolution of their complaints on unsatisfactory services and products.The Director General of the CPC, Mrs. Dupe Atoki, made this know Wednesday in Lagos during the […]

Headlines News

Power shortfall to hit N3trn by end of 2016

Ihesiulo Grace 28 November 2016 0

Acting Chairman /Chief Executive Officer, Nigerian Electricity Regulatory Commission (NERC), Anthony Akah, has said that if care is not taken, the shortfall in the power sector will hit N3 trillion by the end of this year. Akah revealed this in a statement over the weekend. “This is like a doom’s day scenario because if care […]

Capital Market

CAP Plc posts N779.8 million as profit for H1’2016  

Ihesiulo Grace 26 July 2016 0

  Plc has posted a 10.2 percent reduction in its profit after tax (PAT). The company made a PAT of N779.8 million in contrast to N868.2 million realised for the same period of 2015. The company’s statement of comprehensive income for the period ended June 30 2016 showed that revenue declined by  N111 million or […]

Capital Market

Courteville Business Solutions posts N4.8m PAT for H1 2016

Ihesiulo Grace 22 July 2016 0

Courteville Business Solutions Plc has reported a 98 percent decline in profit after tax of N4.8 million for the six months period ended 30th June 2016. This is in contrast to N210.5 million posted for the same period of 2015. Also the ICT based company, recorded a 98 percent drop in profit before tax of […]

Capital Market

Wema grows H1 PAT by 10.62%

Ihesiulo Grace 22 July 2016 0

Briefs: Wema Bank Plc has declared a 10.62 percent increase in its profit after tax (PAT) for the first half (H1) or six months period ended June 30, 2016. The bank posted N1.10 billion in contrast to N997.21 million realised in the same period of 2015. In the same vein, profit before tax (PBT) of […]

Capital Market

Lafarge reports loss of N30.2 billion for H1 2016

Ihesiulo Grace 22 July 2016 0

  Lafarge Africa Plc has recorded a loss after tax of N30.2 billion for the first half (H1) of 2016, compared to profit after tax of N27.3 billion recorded for the same period of 2015, representing a decline of 210.73 percent This is coming on the heels of a profit warning issued by the company […]

Capital Market

Cadbury records N147m as PAT for H1 2016

Ihesiulo Grace 22 July 2016 0

Briefs: Cadbury Nigeria Plc has reported a profit after tax (PAT) of N147.1 million compared to a loss of N250.7 million posted for the same period of 2015. The beverage and sweets  producing company also declared a profit before tax of  N216.4 million in the six months period ended June 30, 2016  compared to a […]