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Daily Business News Brief | Friday, April  29th, 2022.

29
Apr

NGX reassures investors as Access Holdings lists shares – Punch

THE Chief Executive Officer, Nigerian Exchange Limited, Temi Popoola, has commended Access Holding Plc’s contribution to the Nigerian growth story and assured NGX’s commitment to collaborating with institutions driving growth in the Nigerian economy.  He said this during the closing gong ceremony hosted by NGX to commemorate the Access Holdings’ successful restructuring into a holding company structure, and the listing of 35.545bn ordinary shares of Access Holdings Plc on NGX on Thursday………………..read more

Zenith Bank grows quarterly earnings by 22% – Thisday

Zenith Bank Plc’s gross earnings rose by 22 per cent in the first quarter of 2022.  The lender’s earnings rose from N157.3bn in the first quarter of 2021 to N191.5bn in Q1, 2022.  The bank disclosed this in a statement on its unaudited results for the first quarter ended 31st March 2022.  From the unaudited statement of account presented to the Nigerian Exchange on Thursday, the strong double-digit growth in the topline led to an increase in the bottom line, as the Group recorded an 11 per cent year-on-year increase in profit before tax, growing from N61.02bn in Q1, 2021 to N67.99bn in Q1 2022…………….read more

FCMB Excites Shareholders with N3.96bn Dividend, Promise Better Performance, Returns – Thisday

Directors of FCMB Group have announced N3.96 billion dividend payment of 20 Kobo per ordinary share to its shareholders.   The dividend was announced at the 9th Annual General Meeting (AGM) of FCMB Group Plc, attended physically and virtually by shareholders in Lagos………………read more

Nigeria’s Back Sit Role in Lucrative International Air Transport Market – Daily Independent

Nigeria is not benefitting from the lucrative international flights to different destinations in the world, which are known for providing the highest yield in Africa. In terms of revenue, partnership, employment, manpower development or technology transfer, Nigeria remains a loser, as foreign airlines record high load factor out of different airports from the country, writes Chinedu Eze ……………… read more

UBA records N44.5bn quarterly profit – Punch

United Bank for Africa recorded N44.5bn profit before tax in the first quarter of 2022. A statement on the bank’s unaudited results for the first quarter ended March 31, 2022, showed that it recorded growth across its income lines.  It said, “Leveraging on the growth in both interest and non-interest income, the bank’s profit before tax rose to N44.5bn as at March 2022, up from N40.6bn a year earlier, while profit after tax stood at N41.5bn……………read more

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