All posts by Afolabi Ogunde

• 
  Ezeoche Appointed DMD of GTBank

  GT Bank has announced the appointment of Cathy Echeozo as the Deputy Managing Director of the company. Mrs. Echeozo is a chartered accountant and a seasoned banker with over 18 years experience working in the industry. Prior...

  • Posted October 21, 2011
  • 0
• 
  GTBank Posts N 38 Billion Net Profit For 3Q

  GTBank, the financial institution formerly known as Guaranty Trust Bank, and one of Nigeria’s most well governed institutions has released quite impressive 3Q earnings figures. Revenue grew 17.7 % to N 126 Billion from N 107 Billion...

  • Posted October 20, 2011
  • 0
• 
  Nigerian Breweries Reports 3Q Earnings, Calls Nweke Jr To Board

  Nigerian Breweries, one of the most capitalized company’s on the Nigerian Stock Exchange, released its 3Q figures today reporting a net profit of N 24.8 Billion, an increase of 17.5% over the 3Q 2010 period. Revenue was...

  • Posted October 20, 2011
  • 0
• Access Bank Reports N12.8 Billion 3Q PAT

  Access Bank has released its 3Q earnings. Revenue was up 55 to N 82 Billion from N 77.9 Billion over the same period last year. Profit Before Tax and net profit grew at a rate of 17%...

  • Posted October 19, 2011
  • 0
• All Share Index Gains As Banks Report Healthy Earnings

  The All Share Index appreciated by 0.93% to close at 20,197.15 led by a strong performance in the banking sector. After releasing its 3Q earnings yesterday, Zenith Bank was up 5% in trading today. Access Bank released...

  • Posted October 19, 2011
  • 0
• 
  Morgan Stanley 3Q Numbers Beats Peers on Accounting Trick

  Morgan Stanley, one of the world’s most prestigious investment banks reported its 3Q results today. Earnings were better than expected and beat the expectations of industry analysts. According to Bloomberg, “Earnings beat the 30-cent average estimate of...

  • Posted October 19, 2011
  • 0
• 
  Wema Bank Reports Modest 3Q Earnings

  Wema Bank, a regional bank operating from South-West Nigeria, released itsQ3 earnings yesterday, reporting a 15.6% drop in Revenue over the 9 months period ending September 30th. Gross earnings were down to N 20.3 Billion from N...

  • Posted October 19, 2011
  • 0
• Zenith Bank Posts 3Q Earnings, Excites Investors

  Zenith Bank posted its 3Q numbers today to the toast of investors. In usual style, Zenith Bank showed why it is a blue-chip company and top-tier bank by reporting a whopping 31.1% increase in Revenue to N...

  • Posted October 18, 2011
  • 1
• All Share Index Down 30 Basis Points

  The Nigerian Stock Exchange fell 30 basis points at the close of trading dragging the All Share index to 20,011.72. Top winners today were GT Assurance (4.96%), Neimeth (4.44%), Japaul Oil (4%), PZ (3.86%), Aiico (3.51%), and...

  • Posted October 18, 2011
  • 0
• 
  Okonjo-Iweala Fast Tracks Sovereign Wealth Fund Launch

  The coordinating Minister for economy and the Minister of finance, Dr. Ngozi Okonjo Iweala unveiled the blue-print for the take off of the country’s Sovereign Wealth Fund. Addressing reporters earlier today in Abuja, the minister stated, “We...

  • Posted October 18, 2011
  • 0