Equity trading performance spurs Goldman Sach’s quarterly growth

Goldman Sachs

Goldman Sachs Group Inc reported a higher-than-expected quarterly profit on Tuesday as the Wall Street investment bank benefited from higher equities trading revenues. The bank said equities trading revenue increased by 6 percent from a year ago to $2 billion, the second highest in four years. Goldman said clients were more active than the same […]

FMN reduces net debt by 30% proposes N1.20 dividend

Flour Mills of Nigeria Plc (FMN), has announced a 30 percent reduction on its overall net debt. The announcement was made via its recently released full year results for the year ended March 31, 2019. According to the company’s statement, it’s debt which stood at N22.9 billion as at March 31, 2019 is lower than […]

Rendeavour to invest over $250m worth of infrastructure in Alaro city

Rendeavour, the biggest new city builder in Africa, will be investing over $250 million worth of infrastructure in Alaro City, the new mixed-income city being built at the Lekki Free Zone (LFZ), Lagos state. Tim Beighton, the head of marketing and communications, Rendeavour, who disclosed this at a media parley in Lagos on Wednesday, said […]

African trade agreement will boost electricity generation, supply, say GENCOs

The electricity generation companies, GENCOs, say they are optimistic the African Continental Free Trade Area (AfCFTA) agreement signed last Sunday in Niamey, Niger Republic by all heads of government of the African Union will boost power generation and supply in the continent. The companies, under the aegis of the Association of the Power Generation Companies […]