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Julius Berger Kicks Off Scholarship Scheme For Female Engineering Undergraduates

In furtherance of its proactive and development-oriented CSR policy, engineering construction leader, Julius Berger Nigeria Plc has kicked off an initiative to develop the capacities of...

Insurers Return on Equity Improves Despite Deteriorating Underwriting Performance

….NEM, Mutual Benefit, AIICO, Leadway, Cornerstone records highest ROEs Most insurers are efficient in turning shareholders' investments into profit with high return on equity (ROE),...

House Subpoenas FBI File on Biden Role in ‘Criminal Scheme’

...as new whistleblower emerges In a stunning development, the House Oversight Committee issued a subpoena Wednesday for an FBI file that a whistleblower said links...

Nigerian Companies Paid Record N1.1trn Dividends in 2022

…Access, Zenith, UBA, United Capital have most attractive yield Dividend payments by Nigerian companies rose 21.82 percent to a record high of N1.10 trillion in...

Fed Hikes 25bps As Expected, Signals ‘Hawkish Pause’; Warns Of ‘Tighter Credit Standards’

The US Federal Reserve raised rates by 25 basis points as expected, with the policy statement softening the rate guidance in a way consistent...

Zenith Bank Fetes Shareholders With Unprecedented Dividend Payout of N100.47 billion

At the 32nd Annual General Meeting (AGM) of Zenith Bank Plc, held virtually from the Civic Centre, Victoria Island, Lagos, on Tuesday, 2 May...

AIICO Reports 24.6% Growth in IFRS 17 Revenue to N14.8 billion in Q1 2023

...premiums written grows 28.7% to N31.7 billion AIICO Insurance Plc, has announced its unaudited results for the interim period ended 31 March 2023, showing growth...

Banks Income from Treasury Bills Hit N798.37bn on Rising Rates  

Nigeria’s largest banks are enjoying juicy yields presented on a platter of Gold by a central bank hiking interest rates to stabilise prices as...

Nigerian Insurers hit by Weak Underwriting Results as Claims Inflation Bites

Nigeria’s big insurers reported higher combined ratio for 2022 as high inflation, rising interest rates, and spiraling costs led to lower underwriting results as...

Lafarge Africa Profit Slips on Pioneer Tax Relief Expiration

Lafarge Africa has seen a 14.9% contraction in its Net Income for the first quarter (Q1) of 2023 due to higher tax expense, compared...

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