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FMDQ Total Income Slides 45% on Reduced FX Derivatives Trading

FMDQ Group Plc has reported a 45% slide in total comprehensive income for the 2021 financial year, largely as a result of reduction in...

Nigeria’s Downstream Sector to Deliver Decent Returns Amid Negative Sentiment

Nigeria's Downstream oil and gas firms who are victims of lack of transformation policy on the part of the government are expected to sustain...

Prestige Assurance Returns to Profit on Revenue Growth, Moderate Claims Cost

Prestige Assurance Plc has returned to profit, driven by growth in revenue and moderation in claims costs even amid unfavorable underwriting environment, as the...

NOVA Merchant Bank Appoints New Directors Promotes 20% of Workforce

NOVA Merchant Bank, a leading merchant bank in Nigeria has announced the appointment of two independent non-executive directors and one non-executive director as it...

Nigeria Fertilizer Industry Boosts Export on Notore, Dangote New Capacity

Nigeria’s fertilizer industry is rapidly boosting exports of its products on account of increased capacity from the Notore and Dangote Fertilizer plants. In the 6-month...

Coronation Insurance Posts N1.24 bn Profit, Uses Capacity to Underwrite More Policies

Despite a challengingly difficult environment, Coronation Insurance Plc has posted N1.24 billion underwriting profit as the insurer continues to use its capacity to underwrite...

NGX Borrows N14.5bn to Finance CSCS Stake Purchase

The Nigeria Exchange Group (NGX) has taken on a term loan which increased its borrowings to the tune of N14.52 billion to help finance an...

Adamawa Governor Fintiri Unveils Farauta as Guber Running Mate

Ojoma Yusuf, Yola Adamawa state governor Ahmadu Umaru Fintiri has unveiled Professor Kaletapwa Farauta, the Vice Chancellor, Adamawa State University, (ADSU) Mubi as his running...

Boko Haram: Zulum Visits Chad to Honour 6,000 Multinational Forces

Borno State Governor, Babagana Umara Zulum, was at the headquarters of Multi-National Joint Task Force (MNJTF) in N'Djamena, Chad, to honour over 6,000 gallant...

Nigeria Hotels Profit Nearly Doubles to Pre-Pandemic Level

Gross operating profit for Nigerian listed hotels has nearly doubled when compared to 2019 levels, according to data gathered by MoneyCentral. The relaxation of the...

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