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CATEGORY

Markets

Regency Alliance Records Improved Underwriting Results Despite Headwinds

Despite persistent macroeconomic headwinds undermining the growth of the industry, Regency Alliance Plc recorded an improvement in results, thanks to a reduction in loss...

Disposal of Significant Investment Compounds Guinea Insurance Woes as Losses Pile

A loss on disposal of significant investment has tipped Guinea insurance Plc into a negative territory, compounding the woes of an insurer reeling from...

Banks Board Salaries up 15% in Q1 as Profits Slow

Compensation and salaries for the top management including Directors and Board members at the largest Nigerian Banks rose in the Frist Quarter (Q1) of...

AIICO Records Fastest Premium Income Growth Among Peers

AIICO Insurance’s various lines of business are contributing to earnings, as the largest listed insurer by total assets recorded the fastest premium income expansion...

NASD Profit Down 50% as Transactions Slump

The NASD OTC Securities Exchange saw a 50 percent slide in pretax profit for the 2019 financial year as costs rose faster than revenues. Profit...

Crude Oil Advances Near $40 as Traders See Swift Demand Pickup

Crude oil advanced to around $40 a barrel in New York as trading houses Vitol SA and Trafigura Group said global demand is recovering...

Access Bank Eurobond Yield Highest among Peers

Access Bank Plc’s $300 million senior Eurobond bond due in October 2021 is sporting double digit yields, the highest among peers. The Bank issued the...

Sovereign Trust Insurance Profit Jumps on Growth in Commission Income

Sovereign Trust Insurance Plc, one of the biggest underwriters in Africa’s largest economy, posted a 46.23 percent rise in full year net income on...

Despite Ugly Chart, Nigerian Breweries Insider Goes Bottom Picking

Despite having one of the ugliest charts on the Nigerian Stock Exchange (NSE), an insider at Nigerian Breweries (NB) may be calling a bottom...

Consolidated Hallmark Insurance Maintains Underwriting Profitability

Despite the ongoing Covid-19 pandemic and tough operating environment, Consolidated Hallmark Insurance Plc recorded combined ratio below 100 percent in the first quarter of...

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