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Mutual Benefit Assurance Underwriting Profit Surges Amid Challenging Operating Environment

Mutual Benefit Assurance Plc has recorded the best underwriting results in more than a decade, as the insurer continues to overcome a challenging operating...

Consumer Goods Firms Back on Track, With Second Best Performance on NGX

Consumer goods firms who posted record profits even amid a challenging environment are back on track as the sector is the second best performer...

Insurers Paid N142.50bn in Claims as Inflation Bites

While the most liquid and capitalised insurers are meeting their obligations to policyholders promptly, it appears scotching inflation has ballooned claims payments as their...

Dangote Sugar is Most Attractive Consumer Goods Stock, Posts Record Profit

With a very low debt, price to earnings, a strong balance sheet, and record profit growth, Dangote Sugar refinery Plc seems to be one...

Nigerian Exchange Group Increases CSCS Stake to 44.18%

The Nigerian Exchange Group (NGX), has increased its equity stake in the Central Securities Clearing Systems (CSCS) Plc to 44.18% at the end of...

NGX Makes Loss on Core Operations as CSCS Bails Out Struggling Exchange

…Interest payments on debt hit bottom-line The Nigerian Exchange Group (NGX), is struggling in its core operations as the exchange posted an operating loss of N1.32...

Seplat Energy Profit Slumps on $36.05 million Shortfalls

Seplat Energy Plc’s 2022 profit took a deep dive as losses associated with underlifts and disposal of fixed assets prevented the downstream oil and...

Senator Risch: U.S. Shouldn’t Rush to Embrace Nigerian Election Results

U.S. Senator Jim Risch (R-Idaho), ranking member of the Senate Foreign Relations Committee, has released the following statement on Nigeria’s recent elections: “The ongoing electoral...

Jim Ovia Remains Chairman of Zenith Holdco as CBN Grants Approval-in-Principle

The Central Bank of Nigeria (CBN) has granted Approval-In-Principle for Zenith Bank Plc to operate a non-operating Financial Holding Company (Holdco) structure, the lender...

Nigeria’s Election Badly Flawed, INEC Failed, Says Financial Times in Editorial

As controversies continue to trail Nigeria’s just concluded 2023 presidential and National Assembly polls held last weekend, The Financial Times of London has said...

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