Sterling Bank suffered a drop of 44% in fee-based income in the second quarter and the bank’s earnings growth has slowed down remarkably from the first quarter performance. Revenue is
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Life and Living
Company Analysis
Nigeria’s banking industry is an oligopoly and that position has been reinforced since the regulatory-induced industry consolidation exercise in 2007. Five banks account for 64% of the over N25 trillion
Transcorp Hotels appears to be picking up momentum on the road to earnings recovery after it lost turnover for the second year in 2015 and a moderate improvement in profit
Nigerian Breweries lost profit in the second quarter, as net interest expenses rose nearly three times over year-on-year at the end of June. Interest income fell by more than 51%
Presco, the oil palm company, shows promising prospects tor beginning a turnaround this year after it suffered a crash in
Berger Paints isn’t able to grow sales and that has been the position since last year but the paints manufacturing
Oando, the energy company, returned to profit at the end of the first quarter trading in March but losses are
Seven Up Bottling Company has ended its 2015/16 financial year with the lowest profit figure in three years, as we
Rising cost and shrinking profit margins are the general pattern in the corporate earnings field in 2016. Some companies have
Total Nigeria is evidently one of the few companies on the speed track of the corporate profit highway in 2016.
