Tume Ahemba

Articles

October 29, 05:32pm EDT
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 

October 29, 03:09pm EDT
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 

October 29, 05:05pm EDT
CORRECTED - (OFFICIAL)-Nigeria's Skye Bank posts full yr loss 

(Corrects headline and first paragraph to full year, not fourth quarter, loss)  Full Article 

October 28, 01:29pm EDT
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 

October 25, 02:27pm EDT
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 

October 22, 05:09pm EDT
UPDATE 1-Cadbury Nigeria extends rights issue to Oct 30 

* Nigerian unit of UK confectioner wants to raise $167 mln  Full Article 

October 22, 05:07pm EDT
CORRECTED - Cadbury Nigeria extends rights issue to Oct 30 

(Corrects dollar conversion in lede to $167.3 million from $149.38)  Full Article 

October 22, 03:56pm EDT
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 

October 21, 04:01pm EDT
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 

October 21, 12:20pm EDT
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