Nigerian banks made significant progress in recovering bad loans in 2018. That was the singular factor that powered profit performance in the year while revenue constraints remained. Some banks recorded
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Life and Living
Company Analysis
Cement Company of Northern Nigeria (CCNN) multiplied the size of its balance sheet more than 14 times to almost N348 billion in 2018. A corresponding increase in earnings however failed
United Bank for Africa (UBA) closed the 2018 financial year with an after tax profit of N78.6 billion, flat on a restated N77.5 billion the bank posted in 2017. This
Stanbic IBTC Bank has sustained strong profit growth for the third year running to 2018. After tax profit was up 54% at the end of the year to N74.4 billion,
Zenith Bank’s earnings story at the end of 2018 operations is that management turned a drop in revenue into a
Access Bank closed the 2018 financial year with a strong final quarter that produced close to 30% of gross earnings
Guaranty Trust Bank experienced another year of tight revenue in 2018 and management had to apply a pruning saw on
Seplat Petroleum Development Company has closed its 2018 operations with after tax profit down by 45% to N45 billion against
Transnational Corporation of Nigeria (Transcorp) has closed the 2018 financial year with 100% profit advance, as projected. The conglomerate netted
Guinness Nigeria reduced interest expenses by more than two-thirds year-on-year at the end of its second quarter trading in December
