UNITED BANK FOR AFRICA 2019 HALF YEAR FINANCIAL PERFORMANCE REVIEW Gross Earnings: The Bank’s gross earnings as at 2019 half year report inched higher by 13.87% to N293.690Billion compared with the gross earnings of N257.918 Billion earned as at 30th June, 2018, this growth was driven by appreciation recorded on Interest Income, Fees & Commission…
FINANCIAL PERFORMANCE -REVIEW Gross Earnings: The Bank’s gross earnings for its half year report inched higher marginal by 2.77% to N117.374Billion compared with the gross earnings of N114.207 Billion earned as at 30th June, 2018, this growth was as a result of significant appreciation recorded on Trading Revenue and Other Revenue, as they both…
Forte Oil Plc through its Core Investor, Ignite Investments and Commodities Ltd makes a mandatory take-over offer of 500,000 (five hundred thousand) ordinary shares representing 0.04% equity stake to existing shareholders of Forte Oil Plc at N66.25. Shareholders who wish to accept the offer to sell part or all of their holdings in Forte…
Equities Market The Nigerian equity Bourse positive movement continued, however at a slower stride as NSE ASI and Market capitalization both increased by 0.62% to 27,800.17Index Points and N13,524.48Tr respectively. Year-to-Date ASI is still at a Negative of 55%. Volume and Deals both increased by 24.58% and 6.39% to 339.617Volume and 3,643Deals respectively, while No…
Gross Earnings: The Bank’s gross earnings for its half year report, recorded a decline of 2.06% for the period under review, which was N221.977Billion as at June, 2019 against N226.641Billion as at June 2018, factors influencing this decline was as a result of decrease recorded in the Bank’s Interest income that decline by 7.96%, as…
FINANCIAL PERFORMANCE -REVIEW Gross Earnings: The Bank’s gross earnings for its half year report inched higher by 2.91%, which was N331.586Billion as at June, 2019 against N322.201Billion as at June 2018, factors that contributed to this marginal appreciation were other income that inched higher by 23.86%, which consist of; net income on fees and commission…
Equities Market The Nigerian equity Bourse closed on a positive note as NSE ASI and Market capitalization both increased by 1.09% and 0.92% to 27,352.94 Index Points and N13,306.91Tr respectively. Year-to-Date ASI is still at a Negative of 97%. Volume and Value both increased by 73.63% and 39.54% to 363.973 Volume, and 4,515.79B respectively. While…
Equities Market The positive spur recorded on the Nigerian equity Bourse at yesterday’s trading activity did reverse during today’s trading session as NSE ASI and Market capitalization both decline by 0.21% to 27,058.62 Index Points and N13,186.21Tr respectively. Year-to-Date ASI is still at a Negative of 91%. Volume, Value and No of trades all declined…
Equities Market The Nigerian equity Bourse ended the trading week on a negative slide as NSE ASI and Market capitalization both decline by 0.47% to 26,925.29 Index Points and N13,121.24Tr respectively. Year-to-Date ASI is still at a Negative of 33%. Volume and No of trades both inched higher by 10.76% and 7.64% to 258.290 Volume…
Equities Market The Nigerian equity Bourse witnessed a faint decline in its trading activities as the NSE ASI and Market capitalization both decline by 0.11% and at the end of the trading day to 27,052.93 Index points and N13,183.44Tr respectively. Year-to-Date ASI is at a Negative of 93%. Value and No of trades both inched…
