Tag: Profit
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UBA delivers N153 billion profit, records 11% balance sheet growth
Africa’s Global Bank, United Bank for Africa (UBA) Plc, has announced its audited results for the full year ended December 31, 2021, reporting impressive performance in key financial metrics.
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UBA posts N76.2bn profit for H1 2021
The Mr. Tony Elumleu and Mr. Kennedy Uzoka led United Bank for Africa, UBA, is soaring higher, posts N76.2 billion gross profit in the first half of 2021
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NNPC makes history, announces N287bn profit for year 2020
For the first time in 44 years, the Nigerian National Petroleum has posted its first Profit After Tax of N287bn. This profitability posted by the Corporation was announced by President Muhammadu Buhari in a statement signed by Femi Adesina, Special Adviser to the President (Media and Publicity). The President was quoted in the statement to…
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![[TNG INTERVIEW] PIB: Inclusion of frontier states to be funded by FG will rubbish profit from crude oil sales – Rep Chinda](https://thenewsguru.ng/wp-content/uploads/2021/07/Rep-Chinda.jpg)
[TNG INTERVIEW] PIB: Inclusion of frontier states to be funded by FG will rubbish profit from crude oil sales – Rep Chinda
…says Bill has gained tribal and political colouration …but I will support it, it’s better than nothing …Nigeria belongs to us all we must be seen to give it our best …true federalism is the ultimate Rep Kingsley Ogundu Chinda is a lawyer and the leader of the House of Representatives Peoples Democratic Party PDP…
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Fidelity Bank Announces 53.9% Growth in 1st Quarter Profit Before Tax of N10.1bn
Top Nigerian bank, Fidelity Bank Plc, has recorded a strong financial performance in the first quarter of 2021, posting appreciable growth in profits for the period ending 31 March 2021. Details of the unaudited results, released at the Nigerian Stock Exchange (NSE) show that Profit before Tax (PBT) grew by 53.9% from N6.6bn in 2020…
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Polaris Bank Sustains Profit Growth with N28.9bn (PBT) in 2020 financial year
Polaris Bank Limited has released its full-year audited financial results for the year ended December 2020 posting a Profit Before Tax (PBT) of N28.9billion. The results which show the Bank’s second year performance scorecard after two years of operation, have further consolidated the Bank’s position as focused on the path of profitability, growth, and value…
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Starting 2021 Strong, UBA Records 27% PAT Growth, 20.5% ROAE
Pan African financial institution, United Bank for Africa (UBA) Plc has released its unaudited results for the first quarter ended March 31st, 2021, showing impressive double-digit growth across most of its major income lines. The bank leveraged on modest growth in both interest and non-interest income as well as increased efficiency to deliver an impressive…
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NOVA Merchant Bank’s growth trajectory continues, declares N3.52bn profit
NOVA Merchant Bank Limited has released its audited results for the financial year ended December 31st2020, recording impressive growth across its major financial lines. The Bank declared a profit after tax of N3.49bn in 2020 compared to N1.65bn in 2019 which represents a 112% increase. All the key financial parameters recorded major improvement over the…
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GTBank announces profit before tax of N238.1bn for 2020
Guaranty Trust Bank Plc in Thursday released its audited financial results for the year ended Dec. 31, 2020 to the Nigerian and London Stock Exchanges, announcing a profit before tax of N238.1 billion. The audited result released by the bank showed that profit before tax increased by 2.8 per cent to N238.1 billion compared with…
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Q3 2020: UBA grows gross earnings to N454.4bn, delivers N90.4bn profit before tax
United Bank for Africa (UBA) Plc, the Pan African financial institution, has announced commendable performance in its unaudited 2020 Third Quarter Financial Results, with impressive growth in Gross Earnings, which rose to N454.4 billion, up from N428.7billion recorded in September 2019. According to the report filed with the Nigerian Stock Exchange (NSE) on Friday (20…