Insurance Companies Posts N400bn Premium in 2018

Posted by - July 1, 2019

Nigeria Insurers Association [NIA] President, Mr. Tope Smart announced that the Nigerian insurance sector, in 2018, grew its total premium from N363 billion in 2017, to N400 billion in 2018, with a representation of a 10 per cent growth in the volume of business written by the industry operators. According to the Smart, during the

NEM Insurance pays N6bn Claims, Records N15bn Premium in 2018

Posted by - June 27, 2019

NEM Insurance Plc, One of the leading general insurance companies in Nigeria, announced it recorded gross premium income of N15.04 billion in the 2018 financial year, an increase of 12.2 percent over the previous year’s turnover of N13.4 billion while net premium rose from N9.8 billion in 2017 to N10.7 billion in the period under

UBA Shareholders Laud N29.1bn Dividend Declared For 2018

Posted by - April 23, 2019

United Bank of Nigeria (UBA) Plc shareholders recently approved payment of N29.1 billion dividend for the financial year ended December 31, 2018. The dividend translated to 20k interim dividend paid in September and final dividend of 65k per share, bringing the bank’s total dividend declared to 85k per share. The News Agency of Nigeria (NAN)

NBE net profits reach EGP 10.1bn by end-June 2018

Posted by - April 2, 2019

The business results of the National Bank of Egypt (NBE) for the fiscal year (FY) 2017/18 have revealed its net profits after taxes are worth EGP 10.1bn. The bank held its general assembly meeting at its headquarters recently in order to approve the bank’s financial lists for the FY ending on 30 June 2018. According

ETI Unveils Net Profit of N102bn In 2018

Posted by - March 29, 2019

Ecobank Transnational Incorporated Plc (ETI) has posted profit after tax of N102.2 billion for the financial year ended December 31, 2018. The financial institution’s results revealed on the Nigerian Stock Exchange (NSE), recently, showed that profit for the year up by 46 per cent to N102.2 billion from 69.7 billion in 2017. The Group’s earnings

NASD OTC registers N25 billion transactions in 2018

Posted by - February 11, 2019

NASD OTC Plc has calculated its total value of transactions in 2018 at about N25 billion, as the promoter of a trading network that eases secondary market trading of all securities of unquoted public companies in Nigeria. The Managing Director/Chief Executive Officer, NASD Plc, Bola Ajomale, in his address to market participants at the recent

FIRS recover N23b tax in 2018, to go after 40, 000 millionaire defaulters

Posted by - February 8, 2019

The Federal Inland Revenue Service (FIRS) has announced plans to go after estimated 40, 000 millionaire tax defaulters in 2019 having realised N23 billion from over 45, 000 tax defaulters that had over N100 million as turnover in their accounts in 2018. According to a statement by Mr Wahab Gbadamosi, the Head Communications and Servicom

NNPC Posts N2.06bn Trading Surplus in November 2018

Posted by - February 6, 2019

The Nigerian National Petroleum Corporation (NNPC) has stated that it recorded a trading surplus of N2.06 billion in November 2018, which represents an improvement of 116 per cent over the N12.66 billion deficit recorded previous month. The month-on-month performance increase was primarily attributable to improved efficiency of the Nigerian Petroleum Development Company’s (NPDC) operations. The