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