UBA

Transcorp’s quarterly profit surges on sharp boost in energy sales

by

Conglomerate Transnational Corporation Plc (Transcorp) anchored the phenomenal expansion in its net profit for the first quarter of the year on a more-than-threefold increase in the cash earned from energy sales. That alone provided 57.2 per cent of its revenue for the period, figures from the corporation’s latest earnings report showed. Cost efficiency was a … Read more

UBA’s annual profit surges 257% to N608 billion

by

United Bank for Africa (UBA) posted a record N607.7 billion in annual net profit after significant increase in interest income and foreign exchange gains impacted bottom-line by as much as 256.9 per cent last year. Gross revenue for the pan-African financial services group which, apart from its home market Nigeria, has footprints in 23 countries … Read more