Guinness Nigeria has ended its 2015/16 financial year in the red, the first time in years the brewing company ended trading in a loss. Loss of sales revenue is at
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Company Analysis
Nestle Nigeria made a good first quarter starting this year but its growth momentum has been broken by an upsurge in dollar denominated loans. This is to the extent that
Total Nigeria began this financial year’s operations on high speed, which it has accelerated further in the second quarter. Inability to grow sales revenue was the company’s challenge in the
Wema Bank lost its high recovery/growth momentum last year but succeeded in largely defending profit in a year of volatile earnings outcomes in the banking sector. Profit ended flat for
Ecobank Transnational closed last year’s operations with the largest revenue volume among listed companies in Nigeria, towering well over half
First City Monument Bank’s (FCMB) operations in the second quarter was a big rebound from over 78% profit plunge at
United Bank for Africa (UBA) applied strict matching of costs and revenue in the second quarter and that enabled it
Guaranty Trust Bank ended second quarter operations with a foreign exchange revaluation gain that multiplied its first quarter profit figure
Union Bank is rebuilding profit after losing one-half of its net profit in 2015. Revenue growth accelerated in the second
Dangote Flour Mills has ended years of running losses and returned to profit at the end of its third quarter
