Business
Growing burden of public debts on economy
“We think that debt has to be seen from the standpoint of its origins. Debt’s origins come from colonialism’s origins. Those who lend us money are those who had colonised
Bargain hunting ahead of Q1 earning season lifts market indices by 1.27%
Market indicators soared significantly at the end of last week’s transactions, following bargain hunting in some banking stocks ahead of the first quarter (Q1) earnings. The post Bargain hunting ahead
Wema seeks reinvention, to compete with technology
Wema Bank Plc says it is breathing fresh air into its processes to invent itself as a financial powerhouse and regain any lost ground as it markets 76 years of
FG urges states to deepen fiscal transparency, accountability
The Federal Government has urged States to deepen fiscal transparency and accountability in public financial management system to improve good fiscal governance at the sub-national level. The post FG urges
Firm grows PAT by 56 per cent
Despite the challenging operating environment in the country, AXA Mansard Insurance Plc has recorded a 56 per cent growth in profit after tax (PAT) in its audited 2019 financial results.
CSCS declares N5.85 billion dividend in 2020
The Central Securities Clearing System (CSCS) is proposing a total dividend payout of N5.85 billion for the 2020 financial year, translating to N1.17 per share. The post CSCS declares N5.85
NICON Insurance faults report on senate summon
The management of NICON Insurance Limited has faulted a report on its invitation by the Senate over failure to the remit pension fund to the Pension Transitional Arrangement Directorate (PTAD).
Underwriters pull N418.8b from motor business in 10yrs
The insurance industry statistic has revealed that underwriting companies in the country generated a total sum of N418.76 billion from motor policy business in 10 years. The post Underwriters pull
MFBs urged to invest in digital channels
Microfinance Banks (MFBs) in Nigeria have been urged to accelerate investment in digital channels for loan disbursement and collection to mitigate the impact of COVID-19 in the industry. The post
Insurer increases GPI with N62 billion
AIICO Insurance Plc has said its audited results for the year ended 31 December 2020 show a rise in Gross Written Premium (GPW) by 23.6 per cent year-on-year to ₦62
