MICHAEL MOSES

MICHAEL MOSES Zenith Bank has lost two principal cost saving centres that enabled it to build profit in the first quarter. The bank’s profit outlook for the full year has therefore moderated. Loan impairment expenses made a sharp…

MICHAEL MOSES MTN Nigeria Communications isn’t able so far to maintain the strength in revenue growth with which it finished the 2018 operations. The company’s half year report in June 2019 shows that revenue is slowing from the…

MICHAEL MOSES Unity Bank isn’t mustering sufficient speed for rebuilding its revenue after losing close to 59 percent of gross earnings in 2018. The slow motion reflects even more in filling up an equity hole of over N243 billion. The…

MICHEAL MOSES From a sharp slowdown last year, sales revenue performance has worsened into a drop so far for Unilever Nigeria in the 2019 financial year. The company closed half year operations with turnover down by 11 percent year-on-year…

MICHAEL MOSES Nigerian Breweries keeps losing sales revenue while profit is still plunging after dropping to the lowest figure in 10 years in 2018. The company’s second quarter operations ended with a slight gain in sales momentum…

MICHAEL MOSES Dangote Cement turned a drop in pre-tax profit at the end of half year operations in June 2019 into an increase in after tax profit. A 50 percent drop in tax expenses was the critical event on the income statement that made…

MICHAEL MOSES Keeping profit up when revenue fails seems to be the management science at work in Union Bank in the current financial year. How the bank’s management defended profit against a sustaining drop in revenue is the summary of…

MICHAEL MOSES. A hike in operating cost upset the growth functions of FBN Holding in the second quarter of 2019. The company ended half year operations with total operating cost consuming one-half of gross earnings. This is…

MICHAEL MOSES Wema Bank is keeping earnings growing so far at a new growth momentum it engaged in 2018. Its second quarter report at the end of June 2019 shows the same impressive growth records in earnings seen in the first quarter. This…

MICHAEL MOSES. Flour Mills of Nigeria lost sales revenue in the 2019 financial year ended March but costs failed to adjust. That sent profit crashing 71 percent to a five-year low after rising 54 percent in the preceding financial…