By Esther Agbo NEM Insurance has announced a remarkable 249 percent surge in its profit before tax for 2023, escalating from N5.5 billion in 2022 to N19.2 billion. In a statement made by the Managing Director, Andrew Ikekhua, he attributed…
Shareholders of NEM Insurance Plc have approved a total dividend of N3.01 billion declared by the insurer for the financial year ended Dec. 31, 2023. The approval was given at the company’s 54th Annual General Meeting (AGM) in Lagos on…
NEM Insurance Plc generated an after-tax profit of roughly N2.9 billion in the first quarter, which towers at 52.4 per cent of the 2022 full-year profit of N5.4billion. The general business underwriter is gaining speed from recovery in 2022 to…
By Philemon Adedeji The shareholders of NEM Insurance plc have unanimously approved N1.5 billion dividend payout which can be translated to 30 Kobo per N1 ordinary share. The approval was made at the 53rd Annual General Meeting (AGM) held in…
By Philemon Adedeji Nem Insurance Company (Nigeria) plc, a listed Company on the Nigerian Exchange Limited (NGX) that offers all classes of life and non-insurance products to the personal and corporate sectors in Nigeria, in its audited financial statement submitted…
The Nigerian insurance industry is expanding and expects to exceed its projections as consumer confidence grows and operators adopt more technology. Previously, the industry’s growth prospects were hampered by low penetration levels due to a lack of priority and trust…
NEM Insurance has reported a year on year decline in its Profits After Tax in 2021 by 13% to close at N4.4 billion despite increasing its gross premium for the period. On a quarter on quarter basis, however, the profit…
The suspension placed in the trading of equities of NEM Insurance Plc has been lifted by the Nigerian Exchange (NGX) Limited, a circular from the bourse has confirmed.( The embargo was removed following the conclusion of the share capital reconstruction…
NEM Insurance has notified of the completion of its share reconstruction exercise which had earlier commenced on Friday, December 10, 2021. This is contained in a disclosure filed to the Nigerian exchange and titled, “notice of completion of share reconstruction…
