Tume Ahemba
Articles
UPDATE 2-Nigerian Skye Bank posts loss after provisions
LAGOS, Oct 29 (Reuters) - Nigeria's Skye Bank <SKYE.LG> said on Thursday it planned a 50 billion naira ($330 million) capital raising early next year and pledged to return to profitability by cutting costs and recovering non-performing loans. Full Article
Provisions push Nigeria Sterling Bank to pretax loss
LAGOS, Oct 29 (Reuters) - Nigeria's Sterling Bank <STBP.LG> posted a pre-tax loss of 4.35 billion naira ($29 million) for the 12 months to September on Thursday, compared to a 7.98 billion naira profit the previous year. Full Article
CORRECTED - (OFFICIAL)-Nigeria's Skye Bank posts full yr loss
(Corrects headline and first paragraph to full year, not fourth quarter, loss) Full Article
Nigeria's Benue Cement says Q3 profit up 171 pct
LAGOS, Oct 28 (Reuters) - Nigeria's Benue Cement Company <BCEM.LG> posted a 171 percent rise in pretax profit to 12.96 billion naira ($87 million) in the third quarter to Sept. 30, the firm said on Wednesday. Full Article
FACTBOX-Nigerian oil rebels reinstate delta ceasefire
Oct 25 (Reuters) - Nigeria's main militant group reinstated a ceasefire on Sunday in the oil-producing Niger Delta to allow for peace talks with the government. The Movement for the Emancipation of the Niger Delta (MEND), whose attacks have battered Africa's ... Full Article
UPDATE 1-Cadbury Nigeria extends rights issue to Oct 30
* Nigerian unit of UK confectioner wants to raise $167 mln Full Article
CORRECTED - Cadbury Nigeria extends rights issue to Oct 30
(Corrects dollar conversion in lede to $167.3 million from $149.38) Full Article
Lafarge Nigerian unit Q3 pretax profit drops 21 pct
LAGOS, Oct 22 (Reuters) - Lafarge Cement WAPCO <WAPP.LG>, the Nigerian unit of the world's biggest cement maker Lafarge <LAFP.PA>, said on Thursday its third-quarter pretax profit fell 21.35 percent to 7.09 billion naira ($47.76 million) ... Full Article
UPDATE 1-Nigeria's Zenith Bank profit dented by loan losses
LAGOS, Oct 21 (Reuters) - Nigeria's Zenith Bank <ZETH.LG> said fourth-quarter profits were dented by loan-loss provisions booked following an industry-wide audit. Full Article
Nigeria's Zenith Bank profit dented by loan losses
LAGOS, Oct 21 (Reuters) - Nigeria's Zenith Bank <ZETH.LG> said fourth quarter to September profits were dented by loan loss provisions booked following an industry-wide audit. Full Article
