Thursday, August 11, 2022
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British Airways Owner IAG’s Profit Hit By Pound Slump After Brexit

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London -   British Airways owner IAG Group on Friday said it was hit by a slump in the pound following 2016 Brexit referendum...

Wema Bank reports 10% improvement in profitability

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By Alex Chiejina LAGOS (Sundiata Post) - The 2016 financial year has been a rather eventful one for the Nigerian economy. The year has been...

7Up gross revenue hits N85bn as profit falls by 53%

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LAGOS - Seven-Up Bottling Company, owners of Pepsi and 7Up,  Q1 2016 results reveal that the company’s gross revenue rose to N85 billion from...

Queues disappear at filling stations as petrol sells for N145 per...

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Kano (Kano State)  -  Long queues of vehicles have disappeared as the petrol filling stations sell premium motor spirit at N145 per litre in...

Sterling Bank posts N2.8bn profit in 2016 Q1

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Lagos  -   Sterling Bank Plc has posted a profit before tax of N2.8 billion for the first quarter ended March 31, 2016. The News...

Total Nigeria Sales decline by 22%

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LAGOS - Total Nigeria plc Q4 2015 results show a Sales decline of -22% year-on-year (Y/Y) to N48.7billion, Profit before Tax(PBT) and Profit after...

Association lauds coys for releasing profit warning report

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Lagos  -  The Association of Stock broking Houses of Nigeria (ASHON) on Friday lauded four quoted firms for releasing profit warning reports to investors...

NSE All-Share Index drops by 0.52% due to profit taking

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Lagos  -  Activities on the Nigerian Stock Exchange (NSE) on Monday resumed for the week on a negative note as market indices dropped by...

Nintendo cuts annual outlook on forex, weak sales

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Japanese game maker Nintendo Co slashed its full-year profit forecast due to a stronger yen and weaker-than-expected sales of its 3DS handheld gaming consoles...

Flour Mills of Nigeria Plc says 9-months pretax profit 19.79 bln...

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Flour Mills Of Nigeria Plc : * 9- months ended Dec. 31, 2015 group revenue of 263.68 billion naira versus 244.28 billion naira a...

Palinio Cookies boss urges entrepreneurs to divest business for profit

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Lagos - Mrs Precious Aremu, Chief Executive Officer (CEO), Palinio Cookies, Lagos, on Thursday urged entrepreneurs to divest their businesses to sustain them and make profit. Aremu...

Food security: FAO country rep. urges FG to pass revised Seed...

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Abuja - The Food Agriculture Organisation (FAO) on Wednesday urged the Federal Government to ensure the passage of the revised Seed Act without delay. FAO’s...

LinkedIn slashes full-year profit forecast

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(Reuters) - LinkedIn Corp slashed its full-year profit forecast, citing slower revenue growth at its hiring business and a delay in recognizing the contribution...

Fuel marketer Mobil Nigeria Q1 pretax profit falls 57 pct

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LAGOS,  - Fuel Marketer Mobil Nigeria said on Thursday its first quarter pretax profit fell by 56.5 percent to 2.06 billion naira ($10 million)...

Nigeria’s Transcorp says Q1 pretax profit falls 32 pct

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LAGOS,  - Transnational Corporation Nigeria said on Thursday its first quarter pretax profit fell by 31.6 percent to 2.57 billion naira ($13 million), from...

May & Baker records profit of N101.1m

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By Lexi Elo‎ May and Baker Nigeria Plc has recorded a 90 percent growth in profit for the year ended December 31, 2014, recording a...

Xerox cuts 2015 profit forecast due to strong dollar

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(Reuters) - Xerox Corp cut its full-year profit forecast, blaming a strong dollar, and the company reported lower-than-expected quarterly revenue as its printer sales...

Microsoft profit, revenue beats Wall Street view; shares up

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(Reuters) - Microsoft Corp on Thursday reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to...

Payments business drives eBay’s profit beat

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(Reuters) - E-commerce company eBay Inc reported a quarterly profit well ahead of Wall Street estimates as revenue from its payments business rose 14...

Facebook revenue growth slows, costs weigh on profit

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(Reuters) - Facebook Inc posted its slowest growth in quarterly revenue in two years and higher spending on research and development ate into profits. Shares...