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Kenya Election: Close Race Expected as Voting Under Way
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Kenyans are heading to the polls on Tuesday to select the successor to President Uhuru Kenyatta.
Cost of living, high unemployment and rampant corruption have...
AIICO Insurance Has More Unclaimed Dividends Than Payouts to Shareholders
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The largest insurer by premium income in Africa’s most populous nation AIICO Insurance has more unclaimed dividends than the amount it paid out as...
Manufacturer’s Battle Rising Input Costs as Operating Expenses hit N2.19trn
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Nigerian manufacturers are battling with mounting cost of production as they are spending more to produce each unit of products.
For instance, the 22 largest...
FMDQ Total Income Slides 45% on Reduced FX Derivatives Trading
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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
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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
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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
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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
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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
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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
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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...