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Workers task FG on N5.3tr pension funds

  Worried by the continued insolvency currently being experienced by most state in the country, the National Delegate Conference (NDC) in Abeokuta, Ogun State, Association of Senior Civil Servants of Nigeria (ASCSN) has appealed to the Federal Government to offer ‘adequate protection’ to the N5.3 Trillion workers contributory pension funds. Speaking at a conference held on Wednesday, President of ASCSN, …

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Oando posts N212 bn top line revenue

  Oando posts N212 bn top line revenue FRIDAY EKEOBA Oando Plc has announced unaudited results for the six months period ended 30 June, 2016. The company’s turnover increased by 18 percent to N212 billion, compared to N180 billion in H1 2015, while Gross Profit decreased by 49 per cent, N19 billion compared to N37.1 billion in H1 2015. Along …

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Diamond Bank suffers 26% drop in PBT

  Diamond Bank suffers 26% drop in PBT Friday Ekeoba   With bank’s borrowing hiting N164 billion in six months and share price felling by 4.2 per cent to N1.6, Diamond Bank Plc has announced its half year (H1 2016) performance showcasing weaker growth in key financial parameters that include profit before tax that dropped by 26 per cent. Similarly, …

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