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Zombie Ellah Lakes makes Zero Revenues as Expenses Surge

Ellah Lakes just released its 9 months consolidated results for the period ending April 2020, showing that the firm which could be defined as...

Senate Commends Transcorp, Geregu Power for Meeting Performance Targets

The Senate Committee on Power, at the just-concluded three-day investigative hearing on the power sector recovery plan, submitted that only two of the six...

Pandemic to Cost Global Economy $12.5 trillion in Lost Output – IMF

The International Monetary Fund (IMF) downgraded its outlook for the coronavirus-ravaged world economy, projecting a significantly deeper recession and slower recovery than it anticipated...

Angola Eurobonds Surge after 3-Year Debt Relief by China

Angola Eurobonds surged in Tuesday trading after news of a tentative 3-year debt relief deal reached with its biggest creditor nation China. Yields on the...

Insider Blakeney Dumps N280m Worth of UACN Shares

Blakeney LLP an insider with substantial shareholding at conglomerate UACN has sold shares valued at up to N280 million according to a filing by...

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...

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