By Kayode Tokede AIICO Insurance Plc, a major player in Nigeria’s insurance sector has released its report and accounts for the year ended December 31, 2020 with 24 per cent growth in gross premium written to N62.01 billion from N50.14…
By Kayode Tokede The top 10 stockbroking firms traded stocks worth N112.8 billion, accounting for 48.37 per cent of the total value of shares traded in the month. This is according to the Broker Performance Report for the month ended…
By Kayode Tokede UAC of Nigeria PLC announced its unaudited results for the fourth quarter and year ended December 31, 2020 with group profit after tax from continuing operations down 27.8per cent YoY to N 3.8 billion, against N5.3 billion…
By Kayode Tokede Conoil Plc has reported 23 per cent decline in profit, as disclosed in its unaudited financial statements for full year ended December 31, 2020. The petroleum marketing company in its results to the Nigerian Stock exchange (NSE)…
By Kayode Tokede Sterling Bank Plc has declared open for public use SABEX, its newly enhanced agriculture commodities platform in Nigeria. SABEX, first introduced in 2018, is the world’s first fully digitised, end-to-end blockchain commodities trading and financing platform, built…
By Kayode Tokede The Nigerian Stock Exchange (NSE) resumed trading on Monday on a negative note, dropping by 0.13 per cent due to profit taking in Nestle and 27 other stocks. Specifically, the All-Share Index lost 54.76basis points or 0.13…
By Kayode Tokede Coronation Insurance Plc (formerly Wapic Insurance Plc) has recorded a 254 per cent increase in profit after tax for the year ended Dec. 31, 2020, as it recorded N759.27 million against N214.33 million in 2019. According to…
By Kayode Tokede Coming from a yearly gain of 50.03 per cent in 2020, the Nigerian equities market ended the first month of the year 2021 on a strong positive note as investors’ investment went up by N1.130 trillion. Reviewing…
By Kayode Tokede A total of four banks, Sterling bank plc, Fidelity bank plc, Stanbic IBTC Plc and FBN Holdings Plc reported 4.1 per cent increase in Profit Before Tax (PBT) to N215.64billion in unaudited results account for full year…
The Nigerian Stock Exchange (NSE) market indices on Friday advanced further by 0.58 per cent following gains made by some blue chip companies. Speficially, the NSE All-Share Index rose by 243.25 points or 0.58 per cent to close at 42,412.66…
