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Markets

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...

Brent Crude Rises Above $40 on U.S. Stimulus, Increasing Demand

Brent crude climbed above $40 a barrel as global markets rallied on stimulus from the Federal Reserve and signs of increasing demand. Futures in both...

Failure to Launch: GTB Tests N25 and Flops

At MoneyCentral we like to watch the charts and the price action behind some of the moves by the largest Nigerian Stocks. Earlier last month...

Mutual Benefit Records Largest Underwriting Income Among Peers

Mutual Benefit Assurance (MBA) Plc has recorded the largest underwriting income in the insurance industry as premium income exceeded claims expenses, which helped add...

Sterling Bank CEO, Breaks Down How Regulators are Missing the Point on Jobs

Abubakar Suleiman, the Chief Executive Officer (CEO) of Sterling Bank Plc, has broken down in a series of tweets, how Nigerian regulators are missing...

Negative Risk Premium Signals Investors to Underweight Stocks for Longer

The Equity Risk Premium (ERP) is the additional return that a reasonable investor expects to receive on an equity investment above a risk free...

Prestige Assurance Profit Surges on Strong Underwriting, Lower Cost

Prestige Assurance Plc reported first quarter (Q1) earnings that trounced analysts’ expectations as profit surged on the back of reduction in operating and claims...

U.S. Fed Holds Rates Through 2022, to Keep Buying Bonds

The U.S. Fed or Federal Reserve pledged to maintain at least the current pace of asset purchases and projected interest rates will remain near...

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