NASD OTC Securities Exchange drops by 0.08%
The NASD Over-the-Counter Securities Exchange on Monday, July 31, fell by 0.08 percent, subtracting N400 million from the bourse’s overall worth. As…
Business
Prestige Assurance hits 34% gross premium growth
Prestige Assurance Plc increased its gross premium written by 34% to N12.4 billion at the end of the 2022 fiscal year, up…
NCC to block stolen SIMs in five minutes
The Nigerian Communications Commission has suggested shortening the process from 30 minutes to 5 minutes for blocking a reported stolen phone’s Subscribers…
Lasaco Assurance announces N183m dividend payment
Lasaco Assurance Plc has announced that it will pay a 15 kobo dividend on each share, amounting to N183 million for the…
30% CIT on foreign tankers to cut FG’s profit – Shipowners
The 30% corporation income tax that was recently imposed on members of the International Association of Independent Tanker Owners raised concerns to…
Analysts predict crude oil won’t sell $90/barrel
Some oil market analysts have predicted that the price of crude oil is not anticipated to reach $90 per barrel this year due…
Heineken’s top shareholder, Charlene de Carvalho, loses $877m
The largest stakeholder in Heineken and one of the richest women in the world, Charlene de Carvalho, has had her net worth…
Manufacturers spent N119bn on electricity in nine years – MAN
Manufacturers’ Association of Nigeria has reported that manufacturers spending on alternative energy sources increased by 82% between 2014 and 2022, from N25 billion…
How equity investors his N8bn profit one week
The Nigerian Exchange Limited’s recent trend of optimistic trading slowed this past week, resulting in a gain of N8 billion for investors.…
Transcorp’s revenue hits 31% increase, jumps to N82bn
Transnational Corporation Plc, an indigenous conglomerate, has revealed that it experienced remarkable development across all key indices and that its revenue for…
AXA Mansard hits N11bn from FX profit
Axa Mansard has reported second-quarter earnings that increased pre-tax profits by 597% to N12.8 billion. The increase in profitability helped push half-year pre-tax…
MTN reports 39.3% drop in fintech clients in H1 2023
MTN Nigeria recorded a 39.3% drop in fintech users for the first six months of 2023, bringing the number of users to…