03

Feb

AXA Mansard reports N3.56bn as profit in Q4 2021.

AXA Mansard Insurance recently published its Unaudited Financial Statement for the year ended 31 December 2021. The underwriting firm reported Gross Written Premium of N60.198 billion for the 12 months period, up by 26.51% from N47.583 billion reported the previous year. Profit after tax for the period under review was N3.56 billion, down by 21.6% from N4.54 […]

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03

Feb

Presco to acquire 100% equity stake in Siat Nigeria Limited.

Presco has made an offer to Siat SA to acquire 100% of the 7,330,965,143 ordinary shares of Siat Nigeria Limited held by SIAT SA for a cash consideration of N21 billion . This translates to a price of approximately N2.865 for each ordinary share in Siat Nigeria Limited. As a result of the Acquisition, SNL will become a wholly[…]

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03

Feb

Oando gives explanation on delayed release of Audited Financial Statements

Oando Plc has notified the Nigerian Exchange and the investing public with an update on the delay in the release of its Audited Financial Statements.In a statement available on the website of the Nigerian Exchange, Oando Plc stated thus:“Reference is made to the Press Release of the Company dated December 7, 2020, at which the Company informed[…]

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