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Markets

AXA Mansard’s net income surges 154.25 percent amid challenging environment

Despite the challenging operating environment, AXA Mansard Insurance Plc is thriving, as the Nigerian insurer recorded a double digit growth in earnings, which makes...

Notore’s Accumulated Retained Earnings Deficit Rises to Negative N33.9bn on Q3 Loss

Notore reported another loss for the third quarter (Q3), 2020 period ending in June, which further pushed retained earnings deeper into the negative territory...

Consolidated Hallmark Insurance Board Approves 1 for 15 Bonus Issue

The Board of Directors of Consolidated Hallmark Insurance Plc (the Company) at a duly convened virtual meeting held on the 29th of July 2020,...

Union Bank Q2 Profit drops 0.63 Percent On Lower Interest Income

Union Bank Plc’s net income fell in the half year while margins are pressured and the coronavirus pandemic has compounded the woes of a...

Wema Bank Q2 Profits Slide 33% on Higher Expenses

Wema Bank Nigeria, a tier-2 lender reported second quarter(Q2) results today with a 33 percent slide in after-tax profits to N1.49 billion in June...

Honeywell Flour’s Net Income Surges 1722.2% On Lower Commodity Price, Border Closure

Honeywell Flour Nigeria Plc’s profit has hit more than a decade high, an unprecedented stellar performance that can be largely attributed to lower commodity...

Seplat Swings to $112m Operating Loss on Higher Impairment Costs

Seplat Petroleum Development Company Plc has reported half year (H1) operating loss of $112 million on the back of a 301 percent jump in...

Verod Capital gets SEC ‘No Objection’ to N5.3bn Acquisition of Law Union & Rock Insurance

Private Equity firm Verod Capital has received a ‘No Objection’ clause from the Nigerian Securities and Exchange Commission (SEC) for its proposed N5.3 billion...

Julius Berger Posts N1.93bn Loss as COVID-19 Disrupts Construction

Julius Berger Plc has recorded its worst performance in close to a decade after many building sites closed and the supply of workers, materials...

Gold Nears $2,000 an Ounce in Surge to All-Time High

Gold surged past its longstanding record as the dollar plunged and concerns about the global economy boosted demand for havens. Silver gained also, jumping to...

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