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Category: Insurance & Pension

Insurance & Pension

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Custodian Investment Plc Declares Interim Dividend of 15 Kobo for H1 2024
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Custodian Investment Plc Declares Interim Dividend of 15 Kobo for H1 2024

  • Business Nexus
  • August 6, 2024
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Shareholders of Custodian Investment Plc will receive an interim dividend of 15 kobo for the half year ended June 2024.   This announcement was made in the company’s updated corporate action notice to the Nigerian Exchange Limited (NGX).   The dividend, subject to appropriate withholding tax, will be paid to […]

AIICO Insurance settles claims worth N200 billion in 5years – Fajemirokun
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AIICO Insurance settles claims worth N200 billion in 5years – Fajemirokun

  • Business Nexus
  • July 11, 2024
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AIICO Insurance Plc has said that it has paid over N200 billion in claims and benefits settlements over the past five years. Managing Director/CEO of AIICO Insurance Plc, Mr. Babatunde Fajemirokun stated this in a statement released in Lagos on Wednesday. Fajemirokun noted that this reflects AIICO’s commitment to providing […]

Report forecast $5.41 billion growth in global marine insurance market by 2028
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Report forecast $5.41 billion growth in global marine insurance market by 2028

  • Business Nexus
  • June 18, 2024
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The global marine insurance market size is estimated to grow by $5.41 billion between 2024 and 2028, according to Technavio market research report. The market is estimated to grow at a compound annual growth rate (CAGR) of about 3.32% during the forecast period. According to the report, the use of […]

Africa Prudential Plc appoints Christabel Onyejekwe as non-executive director
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Africa Prudential Plc appoints Christabel Onyejekwe as non-executive director

  • Business Nexus
  • June 7, 2024
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  The Board of Directors of Africa Prudential Plc has appointed Mrs. Christabel Onyejekwe as an Independent non-executive director of the company. This was contained in the company’s notice to the Nigerian Exchange Limited and the investing public. According to the company statement the appointment took effect from May 24, […]

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Wema Bank Releases unaudited results for H1 2025, Profit Before Tax climbs 231% to N101.2billion

  • Business Nexus
  • July 31, 2025
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  Wema Bank Plc, Nigeria’s oldest indigenous bank, most resilient and pioneer of Africa’s first fully digital bank, ALAT, has released its unaudited consolidated financial statements for the half-year period…

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Q2 2025: Nigerian Breweries Records N733.19bn Revenue

  • Business Nexus
  • July 31, 2025
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  Nigerian Breweries Plc has announced a revenue of N733.19 billion for the second quarter of the 2025 financial yea, a 53% increased compared to N478.84 billion recorded in the…

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Seplat Energy’s H1 2025 Revenue Hits N2.17trn             … Declares US 4.6 Cents Dividend Per Share for the Quarter

  • Business Nexus
  • July 30, 2025
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  Seplat Energy Plc has announced its unaudited results for the six months ended 30 June 2025, recording a revenue of N2.167trn for the period from N575.1bn reported same period last year.  …

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UAC of Nigeria to Acquire Chivita, Hollandia From Coca-Cola

  • Business Nexus
  • July 30, 2025
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      UAC of Nigeria Plc has announced it has entered into an agreement to acquire Chivita|Hollandia (CHI Limited), one of Nigeria’s leading food and beverage companies, from The…

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Nestlé Nigeria Empowers Rural Women in Ogun State

  • Business Nexus
  • July 29, 2025
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    Nestlé Nigeria Plc has announced the expansion of its flagship initiative, Nestlé Empowering Rural Women in Nigeria, to Agbara, Ogun State. Aimed at strengthening small businesses and enhancing…

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FMDQ attains LPI and CPD accreditation

  • Business Nexus
  • May 7, 2022
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FMDQ Academy, the financial markets education initiative of FMDQ Group Plc has announced the attainment of the Learning Provider's Certification from the Learning and Performance Institute (LPI) and the CPD…

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MTN Foundation announces 2024 annual scholarship for undergraduates

  • Business Nexus
  • May 7, 2022
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The MTN Foundation has announced the opening of applications for its 2024 Scholarship Programme for Nigerian undergraduates. The announcement was made available through a statement released by the management of…

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Shareholders endorse FCMB’s NI50 billion capital raising

  • Business Nexus
  • May 7, 2022
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  …. N9.901 billion dividend for 2023 Shareholders of Guaranty FCMB Plc at the 11th Annual General Meeting approved the company’s plan to establish a capital raising programme of N150…

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Berger Paints appoints Alaba Fagun as group managing director

  • Business Nexus
  • May 7, 2022
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  The Board of Directors of Berger Paints Plc has appointed Mrs. Alaba Fagun as the Company’s Group Managing Director (GMD). This was contained in the company’s notice to the…

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MRS Oil Sets N135 Per Share As Exit Consideration For Delisting

  • Business Nexus
  • June 4, 2024
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The Board of MRS Oil Nigeria Plc has said that as part of exit consideration from the Nigerian Exchange Limited (NGX), it will pay dissenting shareholders N135.00 per ordinary share…

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Wema Bank Releases unaudited results for H1 2025, Profit Before Tax climbs 231% to N101.2billion

  • Business Nexus
  • July 31, 2025
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  Wema Bank Plc, Nigeria’s oldest indigenous bank, most resilient and pioneer of Africa’s first…

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Q2 2025: Nigerian Breweries Records N733.19bn Revenue

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  • July 31, 2025
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  Nigerian Breweries Plc has announced a revenue of N733.19 billion for the second quarter…

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Seplat Energy’s H1 2025 Revenue Hits N2.17trn             … Declares US 4.6 Cents Dividend Per Share for the Quarter

  • Business Nexus
  • July 30, 2025
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  Seplat Energy Plc has announced its unaudited results for the six months ended 30 June 2025, recording…

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UAC of Nigeria to Acquire Chivita, Hollandia From Coca-Cola

  • Business Nexus
  • July 30, 2025
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      UAC of Nigeria Plc has announced it has entered into an agreement…

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Seplat Energy’s H1 2025 Revenue Hits N2.17trn             … Declares US 4.6 Cents Dividend Per Share for the Quarter

  • Business Nexus
  • July 30, 2025
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  Seplat Energy Plc has announced its unaudited results for the six months ended 30 June 2025, recording…

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Only 3% Informal Sector Taxable Under New Tax Law, Says Oyedele …Exempts Earners Below N800,000 Annually

  • Business Nexus
  • July 21, 2025
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The Chairman of the Presidential Fiscal Policy and Tax Reforms Committee (FPTRC), Mr. Taiwo Oyedele,…

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NIMASA Shuts ShellPlux, TMDK Terminals Over ISPS Code Violations

  • Business Nexus
  • July 17, 2025
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  The Nigerian Maritime Administration and Safety Agency (NIMASA) has sealed off two petroleum storage…

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Nigeria Immigration Launches Digital Platform for Expatriate Permits

  • Business Nexus
  • July 16, 2025
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    The Nigeria Immigration Service (NIS) has unveiled a new digital platform for the…

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Citi Q2 Earnings Top Estimates Amid Dealmaking Resurgence

  • Business Nexus
  • July 15, 2025
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Citigroup Inc. reported a sharp 25 per cent year-on-year increase in second-quarter earnings, beating analysts’…

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Wema Bank Releases unaudited results for H1 2025, Profit Before Tax climbs 231% to N101.2billion

  • Business Nexus
  • July 31, 2025
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Q2 2025: Nigerian Breweries Records N733.19bn Revenue

  • Business Nexus
  • July 31, 2025
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Seplat Energy’s H1 2025 Revenue Hits N2.17trn             … Declares US 4.6 Cents Dividend Per Share for the Quarter

  • Business Nexus
  • July 30, 2025
  • 0

UAC of Nigeria to Acquire Chivita, Hollandia From Coca-Cola

  • Business Nexus
  • July 30, 2025
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Wema Bank Releases unaudited results for H1 2025, Profit Before Tax climbs 231% to N101.2billion

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  • July 31, 2025
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  • July 31, 2025
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Seplat Energy’s H1 2025 Revenue Hits N2.17trn             … Declares US 4.6 Cents Dividend Per Share for the Quarter

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Nestlé Nigeria Empowers Rural Women in Ogun State

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  • July 29, 2025
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  • July 28, 2025
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Moody’s Upgrades Ecobank Ratings Outlook to Stable

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LCCI Urges Economic Action as Nigeria’s Q1 GDP Grows 3.13% …Calls for Strategic Reforms Amid Rising Inflation, Weak Naira

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  • July 23, 2025
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  • July 23, 2025
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