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Higher Inflation Pushes Insurers’ Claims Cost to N59.60bn
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Insurers in Africa's largest economy are facing mounting obligations to policyholders as inflationary pressure on claims cost continues to erode profitability.
Investigations by MoneyCentral show...
Aramco Cuts Crude Prices To Asia, Europe For First Time In Four Months
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For the first time in four months, Saudi Aramco has slashed prices of October crude oil exports for European and Asian buyers just a...
LASACO, Linkage Assurance, Veritas, Cornerstone are Best Insurance Dividend Stocks NowÂ
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Lasaco Assurance Plc, Linkage Assurance Plc, Veritas Insurance Plc, and Cornerstone Insurance, are the best insurance dividend paying stocks so far, but sector players’...
Nigeria, Binance in Talks for Digital City to Develop Blockchain
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Nigerian authorities and cryptocurrencies platform Binance Holdings Ltd. are in talks to establish a digital economic zone that will help entrepreneurs fast track blockchain technology in...
Uzodinma: Igbo Should Forget 2023, Will Produce President When They Find Peace With Nigeria
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Imo State Governor, Hope Uzodinma, has has advised the South East to forget the presidency in 2023, saying it would produce a president of...
GTCO Pretax Profit Rises 11% to N103.25 billion
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Guaranty Trust Holding Company (GTCO) Plc announced today year-to-date pre-tax profit of N103.25 billion in the June 2022 period from N93.05 billion as at...
Oil Surges After OPEC+ Agrees On 100Kb/d Production Cut
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OPEC+ has agreed to a 100kb/d reduction in oil output for October a delegate told Reuters.
https://twitter.com/Amena__Bakr/status/1566764285061206016
The small cut would reverse the 100,000 barrels a...
Insurers Oil & Gas Premiums Jump 28.17% on Currency Devaluation
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The premiums earned by Nigerian insurers on oil and gas projects have surged on the back of devaluation of the naira currency as insurers rebounded from the pandemic shock.
Data gathered...
MTN, Nigeria’s Most Profitable Company, Practically Prints Money
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Most NGX-ASI 30 companies are lucky if they keep 8 percent of every Naira they earn as revenue, after paying expenses in a tough...
Government Urged to Prepare Nigerians For Post-Subsidy Fuel Prices
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By ARUOTURE ODDIRI
If Nigeria ends fuel subsidies in the middle of 2023, fuel prices at the pump will spike. Whose responsibility is it to...