According to GlaxoSmithKline Nigeria Plc's recently released financial statement for 2023, the company's profit dropped by 33.76% to N510.80 million in 2023 from N771.15 million in the previous financial year.The company announced this in a notice filed with the Nigerian Exchange Limited on Tuesday ...
Yesterday, the Central Bank of Nigeria ordered the new implementation of a 0.5% levy on all electronic transactions as part of its effort to address the high rate of cybercrime in the financial system.The implementation follows the enactment of the Cybercrime (Prohibition, Prevention, etc.) (Amendment) Act 2024 and pursuant to the provision of Section 44 (2)(a) of the Act, which provided for the r...
In the first quarter of 2024, United Bank for Africa's post-tax profit increased by 166% to N142.58 billion, driven primarily by a significant rise in interest income.UBA's interest income increased from N191.88 billion in the same quarter of 2023 to N440.76 billion in Q1 2024, a 128% increase.This was revealed in the interim consolidated financial statements filed with the Nigerian Exchange Limit...
