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Monday, May 29, 2023
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CATEGORY

Markets

Improved Underwriting Performance Returns Royal Exchange to Profit in H1

Royal Exchange Plc has returned to the path of profitability, thanks to savings and efficiencies across insurance businesses that are expected to help drive...

Adesina Re-elected as President of the African Development Bank Group

Akinwumi A. Adesina has been re-elected to serve a second five-year term as President of the African Development Bank Group on Thursday, August 27,...

UBA’s Ongoing Digital Transformation Establishes Dominance Across Africa

Pan African Financial institution, United Bank for Africa (UBA) has invested significantly in cutting edge technology in a bid to boost its overall service...

Heineken Sees Value in Beaten Down Nigerian Breweries with N245mn Share Purchase

Heineken Brouwerijen B.V the major foreign shareholder in Nigerian Breweries has purchased N245 million worth of shares in the beaten down brewer in a...

Loss Making Royal Exchange Won’t Pay Shareholders Dividend

Royal Exchange has been recording recurring loses, which means shareholders will not be paid dividend because the such payment is usually made out of...

S&P 500, Nasdaq Rise to Record Highs Amid Pandemic Treatment Optimism

U.S. stock market indices the S&P 500 and Nasdaq rose to record highs and bonds fell on signs that the Trump administration may fast-track...

CBN Bans Banks from Selling Dollars to Third Parties for Imports

The Central Bank of Nigeria (CBN) in a bid to conserve foreign exchange (FX) has directed Authorised FX Dealers to stop opening Forms M,...

NEM Insurance Posts N2.84bn in Underwriting Profit as Combined Ratio Improves

NEM Insurance Plc is receiving premium income more than it is paying out as claims, as the insurer has been recording underwriting profit in...

ETranzact owes First Bank N2.59bn for Smart Micro Systems Fraud

Payments provider eTranzact has payables due to First Bank of Nigeria to the tune of N2.95 billion as a result of fraudulent transactions by...

MTN Shareholders to Receive N3.50 Interim Dividends Today

Shareholders of Nigeria’s largest listed firm by market capitalization MTN will be paid the declared N3.50 interim dividends  today. MTN proposed the dividend payment after releasing...

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