07
FebStock market returns 2.33% WtD amidst profit taking and portfolio rebalancing
The stock market last week closed on a bullish note amidst profit taking and portfolio rebalancing by investors. Investors are taking position ahead of audited reports of companies that will pay dividend.The All Share Index appreciated by 2.33% week on week to close at 47,279.92 points from the previous close […]
07
FebEcobank Nigeria expands Agency Banking locations to 50,000; ranked high by SANEF 2021 Report
Ecobank Nigeria says its vision to use its agency banking scheme to drive financial inclusion is fast yielding fruits as it now has over 50,000 agents locations across the country. According to the bank apart from helping to drive its financial inclusion strategy in Nigeria, the agents are empowered to create wealth[…]
03
FebAXA 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[…]
03
FebPresco 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[…]
