14

Sep

Neimeth Pharmaceuticals to raise N3.68bn via rights issue

Neimeth International Pharmaceuticals Plc is set to float a rights issue of N3.67bn through the Nigerian capital market. The rights issue would be used to raise N3,679,618,625 at the cost of N1.55k per  50 Kobo share. Neimeth stated that its shareholders had in March, 2022 at the 63rd annual general meeting, approved the creation of 2,373,947,500 additional […]

14

Sep

International Energy Insurance declares N611m loss in FY 2020

International Energy Insurance Plc on Tuesday declared a loss after tax of N611 million for the year ended 31 December 2020. This represents 321.87% decline when compared to the profit after tax of N275.389 million declared in FY 2019. The underwriting firm reported a turnover of N564.56 million for the 12 months period, up by 7.34% from[…]