went up five percent to P58.1 billion.
The News Agency of Nigeria (NAN) reports that the bank's audited result releases by the Nigerian Stock Exchange (NSE) showed that its gross earnings
dropped to N630.34 billion against N745.19 billion in 2017.
in the sub-sector went up nine percent to P57 billion.
for the North American wholesale segment was 32.2% of net sales in the third quarter of 2016, up from 31.4% in last year's third quarter.
For the nine months ended 30 September 2014, the firm said that its gross earnings
climbed by 12.5 percent to NGN333.2bn, up from the NGN296.3bn reported as of September last year.
"Despite the 3pc decrease in the gross premium revenue due to the economic slowdown, the company has achieved an increase of 4pc in gross earnings
from BD13.6m to BD14.2m," said BKIC chief executive Ebrahim Al Rayes.
The Statistical Service said that the increase reflects to a large extent the cost of living adjustment on gross earnings
, which was 1.39% in July.
and operating income climbed 21% and 32% on the year to NGN28bn and NGN18.1bn, respectively.
This year the Association of Independent Specialist Medical Accountants (aisma) revealed average gross earnings
would top pounds 100,000
The union had asked for wage increases of 19 percent in the first year and 8 percent in each of the second and third years, as well as lump-sum payments of 10 percent of gross earnings
during the preceding 12 months in the first year, 5 percent in the second year, and 4 percent in the last year of the contract.