The significant cut in First Bank’s impairment charges, which translates into a clean loan book in its first quarter Q1 2022 results, signals healthy recovery. It also points to an impressive H1 2022 performance after it successfully brought down its non-performing loan to 6.1 per cent in its FY 2021 …
Read More »Nestle Reports N110.2 Billion Revenue in Q1 2022
Nestle recorded revenue of N 110.2 billion against N 87.3 billion during the same period in the previous year, showing a top-line growth of 26.3 percent. Profit after tax for the period stood at N 18.0 billion according to the unaudited financial statements of the Company. A breakdown of the …
Read More »Access Holding Total Assets Increase to N12.08 Trillion, Makes N57.40 Billion Profit in Q1 2022
…Interest income grew by 27.27% to N160.32 billion Access Holding Plc financial performance at the end of 2021 saw the holdings’ total assets increase from N11.73 trillion ($28.2 billion) to N12.08 trillion ($29.1 billion) for the first quarter (Q1) ended March 31, 2022. As a result retaining its position as …
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