ArticleBy Telema Davies The draws for the Roland Garros tournament have been concluded and Caroline Wozniacki finally broke her silence on the split from her ex-fiancé, golfer Rory McIlroy. The breakup looks more than likely to take the shine off Wozniacki if she chooses to participate in the French Open which starts on Sunday the 25th. The split was ‘totally unexpected’ by the tennis star who was shocked by the announcement from her ex-fiancé, golfer Rory McIlroy. The current world No 14 took to Twitter during the week, to thank her fans for their support. “It’s a hard time…
Author: Pride Team
Article Man-to-Man is a weekly column that appears every Friday on Pride Magazine Nigeria Online. It is a column for men written by men that aim to encourage and empower our male readers to become Better Men in all spheres of life. We welcome contributions to this column and topics can cover all the gamut of life and living: Career, power, politics, finance, love, dating, sex, fashion, grooming, health, fitness, cars, life, spirituality, and what have you. Welcome to Man-to-Man. Charles O. Anyiam-Osigwe Coordinator cao@pridemagazineng.com By Charles Anyiam-Osigwe I could not believe it when I read in a recent…
ArticleBy Alex C Total Nigeria Plc, a downstream oil and gas company, showed a decline of 8.03 % in gross profits to N7.10 billion in first quarter of 2014 financials (Q1 2014) when compared to N7.74 billion in the same period in 2013. The gross profit margin shows the relationship between turnover and cost of sales and is a proof of the ability of the company to control cost of inventories and pass along any price increase through sales to clients. There was a decrease in the gross profit margin, which was 11.71 percent in Q1 2014 as against…
ArticleBy Alex C FBN money market fund has over N20 billion in assets less than two years since its launch. The Fund, which is managed by FBN Capital Asset Management, is an open ended mutual fund that invests in a broad spectrum of money market securities such as treasury bills and commercial Papers. The fund also offers a high level of security coupled with a competitive yield. Based on the figure at the 6th of March, 2014, the fund is currently yielding 11.69 percent, which is much higher returns than customers would receive in a regular savings account.…
Articleby Alex C For the half year to March 2014, Vitafoam’s revenue rose by 1 percent year-on-year (YOY) to N8.85 billion from N8.78 billion corresponding period of 2013. The growth at the top-line was translated into bottom-line growth as profit before tax increased by 2.48 percent to N599.89 million in the review period compared with N585.33 million same periods in the prior year 2013. This confirms the company’s efficient management of investments and assets which the shareholders have entrusted in their custody to generate a reasonable level of profit. The profit margin increased from 4.42 percent to 7.6…
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ArticleBy Alex C United Bank for Africa Plc (UBA) 2013 Financial Year (FY)earnings show an impressive 20% Year-on-Year (YoY) growth in gross earnings; a reflection of its renewed risk appetite. The Bank grew its loan book by 42% or N279 billion in 2013FY; a notable feat when put in the perspective of its 3% Cumulative Annual Growth Rate (CAGR) in loan book over the last four years. The renewed risk appetite by the Bank reinforces management’s guidance of adopting a three-pronged strategy of customer service, corporate lending and treasury management, with the ultimate goal of increasing its market share in…
Articleby Alex C Ecobank Transnational Inc, the parent company of the Pan-African banking Group present in 35 African countries, announced pre-tax profit of $222 million on revenue of $2.0 billion for the twelve months ended 31 December 2013. Breakdowns of the audited financial results reveal net revenue of $2.0 billion, up 16 percent from the prior year. Profit after tax from continuing operations for the year ended 31 December 2013 was put at $156 million, down 45% from the prior year.The Bank showed strong balance sheet growth during the fourth quarter of 2013, including an increase of 9% in net…