Tag: Blurb

Article Summary Unity Bank is facing significant challenges with negative retained earnings of N379.786 billion and negative shareholders’ funds of N139.797 billion in Q1 2023. The bank’s financials indicate accumulated…

The Nigerian Exchange Group (NGX) is facing a tough start to 2023 as it reported a pre-tax loss of N109.5 million in the first quarter, adding to the N1.3 billion…

Article Summary The Central Bank of Nigeria (CBN) has been struggling to contain inflation through interest rate hikes and managing foreign exchange, but their efforts have been insufficient. Last month, Nigeria’s…

Economists at Nigeria’s Central Bank claim they are currently leveraging the tools in their monetary policy toolkit to bring Nigeria’s latest inflation rate under control. However, the latest inflation rate…

Key highlights Nigerian Breweries finances its operations through a combination of debt and equity. The company’s debt has increased significantly, particularly short-term debt, which may have negative impacts on liquidity…

Silicon Valley Bank was the 16th largest bank in the United States at the time of its failure on March 9, 2022. It gained fame in California as the banker…

“The numbers speak for themselves.  We are currently not performing the way we should”, said Adidas CEO Bjorn Gulden.  Indeed looking at the company’s 2022 financials, the numbers are grim…

In recent years, internet connectivity has become a vital component of daily life, and many nations have embarked on ambitious projects to expand and improve access to the internet. One…

NGX Group, owners of the Nigerian Exchange, which recently underwent demutualization and listing, has released its financial results for the first full year of operation. While the company saw an…

On January 30, 2023, Stanbic IBTC released its 2022 FY results, growing gross earnings by 39.31% year-to-year to N287.871 billion. Profit after tax grew by 42% year-on-year to N81 billion,…