• Zenith Bank Posts N44bn Profit Before Tax In Q1 2017

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    Zenith Bank yesterday released its first quarter (Q1) 2017 results which showed strong double-digit growth in profit before tax (PBT) (38% y/y) to N44 billion and profit after tax (PAT) (46% y/y) to N39 billion. Both revenue lines contributed to the strong results as funding income grew by 21% y/y to N71 billion while non-interest…

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  • Agent Banking: Paypoint Grows1000 New Agents Monthly

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    The launched in 2016, quick teller Paypoint was designed to take financial services to the nooks and crannies of Nigerian communities, providing access to under-served markets. Revealed at the maiden Quick teller Pay point agents forum which held in Lagos recently; about 40 agents were on boarded during the first few months of operation. As…

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  • NLNG Seeks Concerted Efforts At Dealing With Malaria Scourge

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    Nigeria LNG Limited (NLNG) has called for increased efforts by scientists to fight Malaria and permanently rid the country of the disease before the World Health Assembly’s target date of 2030. Speaking while commemorating World Malaria Day with the theme, ‘End Malaria For Good’ the company’s General Manager External Relations, Dr Kudo Eresia-Eke, said  there…

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  • Transcorp Reports N290m Profit In Q1

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    Transnational Corporation of Nigeria (Transcorp) Plc has reported a growth of 24 per cent in its profit after tax for the first quarter ended March 31, 2017. The result raised investors’ hope of reaping from their investments soon as increased earnings and result oriented earnings diversification keep yielding positive results. The company’s result for the…

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  • Digital Economy: Nigeria Targets 3m Jobs, $88bn Investments

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    The federal government hinted yesterday that financial services within Nigeria’s digital economy will create over 3 million new jobs and add $88 billion asset to the nation’s economy over the next 10 years. This was disclosed at the meeting of ministers of developing countries under the auspices of Friends of E-commerce for Development (FED) who…

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  • NSE Restructures REITS, Closed-End Funds

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    The Nigerian Stock Exchange (NSE) has notified the market about its proposed changes to the framework regarding the trading of Real Estate Investment Trusts (REITs) and closed-end funds listed on the Exchange. According to the Exchange in a press statement, the proposed changes, which will be implemented over the next three quarters of 2017, are…

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  • Leasing Firms Plead For Long Term Funding For Efficiency

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    Leasing firms across the country are pleading for cheap long term funding to enhance the capacity of lessors to deepen leasing penetration in the country. Speaking on behalf of the leasing operators at the Quarterly Business Forum of the Equipment Leasing Association of Nigeria (ELAN) in Lagos, the chairman, ELAN, Mr. Chuka Onwuchekwa, said, one…

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