Author Archives: Ruth Omoteso

LASACO Assurance Plc has published its First Quarter report for the period ended 31 March 2022. The underwriting firm reported a Gross Premium Written of N5.073 billion for the 3 months period, down by 24.26% from N6.698 billion reported in Q1 2021. Profit after tax grew by 64.05% to N297.57 million from N181.39 million reported the previous […]

Latest report published by the National Bureau of Statistics revealed that Nigeria’s Gross Domestic Product (GDP) grew by 3.11% (year-on-year) in real terms in the first quarter of 2022, showing a sustained positive growth for six consecutive quarters since the recession witnessed in 2020 when negative growth rates were recorded in quarter two and three of 2020.[…]

The Nigerian stock market in the past few weeks has been bullish, except that it closed marginally lower by 0.22% last week, occasioned by profit taking in MTN and Seplat. The positive vibration was triggered by impressive performance in FY 2021, dividend pay-out and Q1 2022 results of listed companies. Based on the quality of earnings released[…]