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Tag "assets"

FBN Holdings cuts credit losses, lifts profit to new peak in 2020  

    FBN Holdings cuts credit losses, lifts profit to new peak in 2020  

FBN Holdings Plc turned the table from a 64 percent upsurge in credit loss expenses at the end of the third quarter of last year to a decline at full

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Dangote Cement boosts output capacity, lifts revenue to N1trn in 2020

    Dangote Cement boosts output capacity, lifts revenue to N1trn in 2020

Dangote Cement Plc expanded cement production and bagging capacity by 3 million tonnes in 2020 and closed the year with an output capacity of 48.55 million tonnes. That boosted cement

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LCCI: Majority of Nigeria’s debt not tied to specific projects

    LCCI: Majority of Nigeria’s debt not tied to specific projects

The Lagos Chamber of Commerce and Industry (LCCI) says majority of Nigeria’s borrowings are not tied to assets and specific projects. Speaking with journalists on Wednesday, Toki Mabogunje, president of

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BoI posted 78% assets jump to N1.86trn in 2020

    BoI posted 78% assets jump to N1.86trn in 2020

The Bank of Industry (BoI) posted a 78 percent increase in assets to N1.86 trillion in full-year 2020 from N1.04 trillion in same period in 2019. The bank said the

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Atlas Mara: No offer for stake in Union Bank

  Atlas Mara: No offer for stake in Union Bank

Atlas Mara Limited, a financial services group, says it has not received offers from any bank to acquire the company’s

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Zenith Bank extends industry leadership to size of balance sheet

  Zenith Bank extends industry leadership to size of balance sheet

Our half year analysis on Zenith Bank Plc envisioned that in the event of the bank taking over the lead

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Access Bank in talks to buy Atlas Mara assets

  Access Bank in talks to buy Atlas Mara assets

Access Bank, Nigeria’s biggest bank by customer base, is in talks to acquire some assets belonging to Atlas Mara Limited,

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Report: Firm identifies 33 properties of Nigeria in UK, threatens to liquidate them over breach of agreement

  Report: Firm identifies 33 properties of Nigeria in UK, threatens to liquidate them over breach of agreement

Eurafric Power Limited, an energy firm, says it has identified 33 properties of Nigeria in the United Kingdom for sale

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FG to sell 216 assets of defunct PHCN

  FG to sell 216 assets of defunct PHCN

The federal government says it is prepared to sell 216 non-core assets of the defunct Power Holding Company of Nigeria

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AMCON takes over assets belonging to Deap Capital — sixth seizure in 21 days

  AMCON takes over assets belonging to Deap Capital — sixth seizure in 21 days

The Asset Management Corporation of Nigeria (AMCON) has taken over the assets belonging to eight obligors within the last 21

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