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Monday, December 16, 2019

Recapitalization: Royal Exchange Assures’ Shareholders

The board of directors of Royal Exchange Plc, has assured its shareholders that there is no cause for alarm over the recapitalization plan of...

Lagos Pays N4.25 billion Accrued Pension Rights

As part of efforts to improve the welfare of retirees, the Lagos State government has said it paid N4.25 billion accrued pension benefits to...

Cornerstone Insurance Gets Shareholders Approval To Raise N10 Billion

Ahead of the ongoing recapitalization exercise in insurance industry, shareholders of Cornerstone Insurance Plc, on Wednesday August 21, 2019, approved the request of the...

Shareholders Approve’s Wapic Insurance Plan For Fresh Capital

Shareholders of Wapic Insurance Plc on Friday August 16, 2019 unanimously approved the board of directors’ request to raise additional capital of up to...

FG Orders Insurance, Reinsurance Companies To Submit Recapitalization Plan Before August 20, 2019

The Federal Government has directed all insurance and reinsurance companies in the country to submit their recapitalization plan to the National Insurance Corporation (NAICOM)...

Shareholders Okay’s Sovereign Trust Insurance Share Capital Increase

Sovereign Trust Insurance Plc, (STI) shareholders on Thursday July 25, 2019, gave their approval to the request of the board of directors to increase...

LASACO Assurance Proposes 5 Kobo dividend

LASACO Assurance Plc has proposed to pay its shareholders a dividend of five per share for full-year 2018. The payment is subjected to shareholders’...

Untapped N1trn in housing, transport sectors says Sunu Assurances MD

The Managing Director, Sunu Assurances Nigeria Plc, Mr Samuel Ogbodu, has commended the National Insurance Commission (NAICOM) for increasing the...

SUNU Assurances Visits IDP Camps, Commits to Raise $80m

The Chairman of SUNU Assurances, Mr. Kyari Abba Bukar and private sector actors under the aegis of the Nigerian Humanitarian...

Apathy grows as 86.6 million Nigerians are without insurance policies

Long before Nigeria was finally plunged into recession last year, it has been pretty challenging to get Nigerians to appreciate the benefits inherent in...

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Again, Seplat wins PETAN, Frontier, CAMCAN awards

Again, Seplat Petroleum Development Company Plc, leading Nigerian independent oil and gas company listed both on the Nigerian Stock Exchange and London Stock Exchange, recently...

Experts outline ways capital markets can fund Nigeria’s Infrastructure Gap

An investment banker and the Head, Debt Capital Markets, FBNQuest Merchant Bank Limited,  Mr Oluseun Olatidoye  has stressed the need for sound macroeconomic and policy...

Infrastructure Fund Will Aid Development- SEC

The Securities and Exchange Commission, SEC has said that the establishment of an active infrastructure fund via the capital market as being pursued by...